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A penny saved could net pair $250,000

February 4, 2014 in Antique Coins, Auctions, Coins, News, Numismatica, Numismatics, Pennies, Rare Coins, US Mint, USA Coins

One-of-a-kind aluminum coin helps forge friendship

LA JOLLA, Calif. — A one-of-a-kind penny that spent 33 years neglected in a desk drawer could bring up to $250,000 at auction this spring, much to the surprise and delight of its co-owners, who have forged a tight friendship since discovering the coin and its unique history a few months ago.

Randy Lawrence, a real estate agent who moved to La Jolla from Denver last August, never knew that the silver-colored U.S. penny he inherited from his dad in 1980 was any more than a worthless souvenir.

After riding around town for a month with a box of his father’s coins in his car trunk, he stopped into the La Jolla Coin Shop and sold them to shop owner Michael McConnell, who initially thought the penny was a low-value souvenir from a foreign mint.

When McConnell discovered otherwise — that the coin was actually a never-before-seen 1974-D aluminum penny from the Denver Mint — he called Lawrence to share the good news. They have agreed to split the proceeds when the coin is auctioned in April and donate as much as $100,000 to local homeless programs.

Full Article with pictures at the source>

Here’s a link to La Jolla Coin Shop’s Website

Note by Numismatica.com : Congratulations to both Randy Lawrence, and Michael McConnell for doing the right thing. Amazing story!.

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