Penny Auction

18th century copper penny sells for more than $400,000 at Calif. auction

This was no ordinary penny. It bears the date 1792, the likeness of a woman's head representing Miss Liberty, and the inscription "Parent of Science & Industry: Liberty." And an anonymous bidder in Beverly Hill has paid 437-thousand dollars for it at an auction. The chocolate-colored, 18th-century copper coin was kept in a tobacco tin for decades. Auctioneer Ira Goldberg says its owners were descendants of Oliver Wolcott, the governor of Connecticut in the 1790s and a signer of the Declaration of Independence.

One coin expert says, "The historical importance of this coin cannot be overstated."