Penny Sells for a Million Dollars!

Heritage Auctions Platinum Night:
Interviewer: David Lisot, Samuel Foose, Heritage Auctioneer, John Kraljevich, Numismatist

Actually it was not a penny, it was a cent. A 1793 Chain Cent in PCGS CAC MS65 condition sold at a Heritage Auction for more than $1 million. See the room full of people at a legendary Heritage Auction Galleries Platinum Night session begin with an opening bid of $600,000 and finally reach $1.2 million.

Sam Foose the auctioneer  shares what it was like to sell coins for more than $1 million dollars.

John Kraljevich is a well-known expert in early American numismatics. He attended the Heritage Auction Galleries Platinum Night Session that also included the sale of some of the highest quality 1793 large cents from the collection of collector, scholar and researcher Denis Loring. John discusses the auction and the prices of some of the items and what it means about the early copper coin market as a whole.5:21

2012 FUN SHOW – Orlando Florida

The 57th Florida United Numismatists Convention was held in Orlando, Florida, January 2-5, 2012. Dealers manned 597 bourse tables buying, selling and trading numismatic material as well as jewelry, treasure and other collectible items. FUN has been in existence since 1955 and has grown to become the largest coin convention in the country. Attendance was estimated to have been more than 10,000 people.

The show is one of the most heavily advertised of any coin show in America with television commercials on all the major networks as well as cable and radio. The major grading services had tables and were accepting coins for submission.

Heritage conducted a rare coin auction that included a record breaking Platinum Night Sale that included large cents from the Denis Loring Collection and gold coins from the Dr. Steven Duckor Collection. Dennis Boggs was in attendance as Abraham Lincoln teaching and inspiring people about history. Young numismatists and Boy Scouts attended special activities that are held every year to teach kids about money and collecting. Numismatic educational seminars were delivered as part of the FUN educational program.

The next FUN convention will be held this summer in Orlando in July 2012.

More news and videos about coin collecting at http://www.coinweek.com

Tags: Cents, Chain Cent, Coin Collecting, Coins Shows, copper coins, Denis Loring, EAC, Fun Show, Heritage auctions, John Kraljevich, large cents, US Coins, vidicon