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Rare penny fetches $5,500 at Lebanon auction - abc27 WHTM

Lebanon County

Rare penny fetches $5,500 at Lebanon auction

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LEBANON, Pa. (WHTM) -

A rare coin worth one cent when it was minted fetched $5,500 at an auction in Lebanon County over the weekend.

The rare 1794 large cent with a starred reverse was sold to a Hummelstown coin dealer who had not immediately decided whether to sell it or keep it, according to auctioneer Russell Wolfe Jr.

Wolfe said the rare copper coin could have sold for more than $10,000 had it not been corroded from spending decades underground.

The seller, a Myerstown area man who found the coin with a metal detector, was said to be happy with the price.

Wolfe said the seller didn't know how rare the coin was until he consigned his collection for the sale.

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