'Real treasure': a man bought a coin worth $ 100 thousand for 56 cents
A rare continental dollar of 1776, bought on a flea market for less than $ 1, costs almost $ 100. This writes Fox News.
Photo: Shutterstock
The coin was bought by a person who remained anonymous for 56 cents in June 2018, according to a statement by Professional Coin Grading Services (PCGS), which rated the coin.
“The seller had a cookie box full of coins and medals for sale, and while the buyer was looking through it, the seller pulled out another box of coins with this coin on top,” PCGS said in a statement. “A buyer unfamiliar with the piece asked the price and the seller said 56 cents. The coin was purchased, and the new owner later found information about this coin and learned that he had a real treasure.”
The rare coin, made of tin, contains three rings: a central ring, a sundial, has a sunburst and underneath the inscription "MIND YOUR BUSINESS". The next ring shows "FUGIO" and the sun, and the last one shows "CONTINENTAL CURRENCY».
On the opposite side of the coin is depicted an interconnected chain in which the names of 13 colonial states are indicated. Inside these rings there are two separate rings, one of which reads “WE ARE ONE", and the other - "AMERICAN CONGRESS».
It is not clear where the continental dollars were made. Some experts believe that they were “made by England like satire” in an attempt to ridicule the currency of the newly formed US.
On the subject: Coin in the engine for good luck: how much can such a joke with a plane
Despite this, they are still rare and valuable, explained in PCGS. "Although the origin of these works is still being debated, the Continental Dollars of 1776 is an important early coin dedicated to the birth of a completely new nation of the United States."
The PCGS priced the coin at $ 97, adding that it “represents a real treasure.”
Rare coins are big business. Last year, an extremely rare 1838 half dollar sold at auction for $504.
The extremely rare 1894 coin, one of 24 existing and once owned by the former Lakers owner Jerry Buss, was sold at auction for $ 1,32 mln in 2019.
In 2016, an 1894-S coin was sold at an auction in Florida for $ 2 million.
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