Record Setting Penny Auction

Record Setting Penny Auction

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Everyone knows you can get more out of a penny at Beezid than you can pretty much anywhere else. Well that is still true and it always will be, but there is always the occasional exception to every rule. One coin collector proved that point at a recent Florida auction, shelling out $ 1.38 million for a penny that was minted in the first year that the US of A started making coins.

You might argue that the buyer had more dollars than “cents” but the fact is, an anonymous collector decided that this one-cent piece was worth the price of a couple of unhatched dragon eggs. Our grandmothers all used to tell us about the value of a penny but this guy took it to a whole new level.

Why was the coin so valuable you ask? Because it’s more rare than an honest used car salesman! This particular penny was minted in Philadelphia in 1793.

It’s known as a “Chain cent” because the design features a chain of 15 linking rings symbolizing the solidarity of the 15 colonies that made up the United States of America at the time of the pressing. Records indicate that only 36,103 were ever produced.

The design was discontinued shortly thereafter due to complaints about everything from the symbolism of the chain to the look on the face of Lady Liberty on the other side of the coin. Due to the fact that so few were produced and even fewer survive today, you’ve got really, really rich folks plopping down more money than a lot of hard-working people will make in their lifetime on a penny! Think of it as a penny for your thoughts - if you’re Albert Einstein.

Then again, it could just be a shrewd investment.

A similar coin sold for a fraction of the price of this one about fifteen years back, so the return on it could be huge. But just remember to tell your family not to accidentally leave it in the ‘Take a Penny, Leave a Penny’ tray!

 

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Gun Auction Sites and Military Auctions Are Available Online

Gun Auction Sites and Military Auctions Are Available Online

Holt's Auctioneers - Auctioneers of Fine Modern & Antique Guns. Next sale dates: 23rd September 2010 16th December 2010

Holt's Auctioneers of Fine Modern & Antique Guns

There has always been a keen interest in many of the specialized items at a gun auction. Military auctions also have a dedicated following. For many people, this is an interest that is really a hobby. Often this group of people is motivated by an interest in history. Being able to attain items from gun auction sites or military auctions provides them with a tangible piece of history that they can be proud of owning.

There are two main ways to purchase such items. You can either go to auctions where you can view many different kinds of items relating to the military. Some of these military auctions are general in content while others are more specific. For example, you could go to auctions that concentrate on military uniforms or war medals. Even these items can be broken down into specific categories.

If your interest is firearms, then you could go to a gun auction.

Usually, a gun auction has a variety of items. However, the auction may be sectioned into gun labels or perhaps specific periods in history. Many people go to a gun auction in the hope of buying a rare firearm. Such guns can run into hundreds of thousands of dollars and are therefore, extremely valuable.

If you take the time to go to a gun auction or military auctions you don’t actually have to buy anything right away. It is a good opportunity to come into contact with experts and it is also a good time to interact with others who have the same interests and hobbies as you. Of course, it takes a lot of time to visit actual auctions in the flesh.

These are specialized events and they could take place far away from your current place of residence.

The good news is that you can visit online gun auction sites. You often get more opportunity to interact with others online than when attending at a brick and mortar auction event. There is no time limit involved in interacting and this allows you to gather in-depth information about the specific items that you are interested in. You will also get the opportunity to place a bid at gun auction sites if you see something that you simple cannot resist to add to your collection.

Not only can you make use of gun auction sites and military auctions online to buy goods, you will find that these sites also exist for those who want to sell appropriate items.

Items relating to the military, or firearms, are held in high esteem by owners due to sentimental value, rarity, or value. This is why you must only make use of gun auction sites that are reputable. It is also easier to use an auctioneer that provides a complete service. You want an experienced and authorized auctioneer who can assess all items that pass through his or her site in order for a fair transaction to take place.

An example of a reputable auctioneer is Affiliated Auctions. Their website is at www.affiliatedauctions.com. You can get information about payment methods and you can also choose to place your own bids or have a representative complete the bidding process for you. Choosing gun auction sites and other military auctions is important because there are specific regulations governing the buying and selling of such items. The auctioneer at a gun auction must be completely au fait with all and this includes any amended regulations.

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