LOS ANGELES — Two rare one-cent coins from the earliest days of the U.S. Mint have sold for a pretty penny.
The copper coins
Scarpe Vans Old Skool Pop Foxing Nere Bianche , both dating to 1792, went for a combined total of $869,500 at the auction held Wednesday in Anaheim, California.
This undated image provided by Heritage Auctions shows the obverse, front, of a 1792 "Birch Cent." The one-cent coin is one of two rare 1792-dated coins made during the early days of the United States Mint. The rare coins are anticipated to sell for nearly a million dollars at the World's Fair of Money in Anaheim
Scarpe Vans Brite Old Skool Grigie Nere , Calif., during a public auction conducted by Heritage Auctions on Wednesday, Aug. 10, 2016. (Travis AwaltHeritage Auctions, HA via AP) This undated image provided by Heritage Auctions shows the reverse of a 1792 "Birch Cent." The one-cent coin is one of two rare 1792-dated coins made during the early days of the United States Mint. The rare coins are anticipated to sell for nearly a million dollars at the World's Fair of Money in Anaheim, Calif., during a public auction conducted by Heritage Auctions on Wednesday
Scarpe Vans Old Skool Pelle Zip Triple Nere , Aug. 10, 2016. (Travis AwaltHeritage Auctions, HA via AP) This undated image provided by Heritage Auctions shows the obverse, front, of a 1792 "Silver Center Cent." The one-cent coin is one of two rare 1792-dated coins made during the early days of the United States Mint. The rare coins are anticipated to sell for nearly a million dollars at the World's Fair of Money in Anaheim, Calif., during a public auction conducted by Heritage Auctions on Wednesday
Cult Crew x Scarpe Vans Old Skool Pro Nere Bianche , Aug. 10, 2016. (Travis AwaltHeritage Auctions, HA via AP)
One of them, known as the "Birch Cent," sold for $517,000. The other, known as the "Silver Center Cent
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Eric Bradley, spokesman for Heritage Auctions, said that while the sales fell somewhat short of the combined $1 million the auction house projected they would go for, organizers are still pleased with the result.
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"We're looking at two coins that sold for more than 43 million times their face value," Bradley said, "so you can't be disappointed in that."
It wasn't clear why one coin proved more valuable than the other
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The names of the buyers have not been released and they may choose to stay anonymous.
The coins have historical significance that goes beyond their collectible value, representing "the transition in American history from the colonies to a new republic," Bradley said.
"These are coins that were developed and thought up by the Founding Fathers who were trying to differentiate themselves from British coinage and British rule," he said.
The words "Liberty Parent of Science & Industry," which are engraved on both coins, also show how the United States was trying to distance itself from the religious persecution and monarchy it associated with Britain
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The origin of the Silver Center Cent was also referenced in a letter from Thomas Jefferson to George Washington, and it is among the very first coins ever struck by the U.S. Mint in Philadelphia, Bradley added.
According to the auction house, the coin went missing before eventually being discovered in an English pub in the 1960s. The man who discovered it, Nigel Willmott, kept hold of it until 1997, when he eventually auctioned it off for 28
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The penny's name derives from the fact that it was produced with a small insertion of silver at its center, a feature which made its intrinsic value equal to its face value. It is one of about a dozen surviving coins known to exist with this insertion, Bradley said.
LISBON, Aug. 15 (Xinhua) -- Twelve people are confirmed dead and 52 injured after a large tree collapsed on the Portuguese island of Madeira around midday Tuesday, local media reported.
The incident occurred in the Largo da Fonte square in the Monte neighbourhood of Funchal, capital of the autonomous region of Madeira
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Ten people were killed instantly and two died subsequently in hospital. One child is confirmed among the dead and seven of the injured are said to be in a serious condition.
Regional Secretary of Health, Pedro Ramos, has confirmed that German, French and Hungarian nationals are among those injured.
It is not yet known why the tree fell. President of the Regional Government, Miguel Albuquerque, refused to be drawn on speculation that the tree was in a poor state of repair, saying that the priority for the moment was to support the injured and the families of the victims.
Locals told the Portuguese Lusa News Agency that the tree
vans toy story italia , a 200-year-old oak, had been tied back with metal wire for the past two years and that the trunk was hollow.
Portuguese Prime Minister Antonio Costa has expressed his condolences to the victims and President Marcelo Rebola de Sousa is flying straight to the island to better inform himself of the incident and to "offer words of encouragement."
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