Rare US penny could fetch $40,000 at Sydney auction
A MAN who found a small American one-cent coin among his late grandmother's possessions was shocked to learn that it could sell for $40,000 or more at a Sydney auction this week.
The copper penny, a "Liberty Head Chain Cent", produced at the Philadelphia Mint in early 1793, was the first regular copper coinage of the United States.
This specimen is exceedingly rare as it was struck with a damaged die that left part of the chain circle obverse image across Liberty's head.
American collectors will be prominent bidders for the coin when it goes under the hammer at the Noble Numismatics Sale at the State Library of NSW.
Other auction highlights are set to include:
● Australia's scarcest circulating penny dated 1930 (estimates $18,000 and $12,000).
● Several edged weapons including an outstanding collection of 15th - 19th century items from the Ottoman Empire and including a diamond decorated presentation sword to Admiral Sir Charles Napier from the Sultan of Turkey (estimate $50,000).
● Convict tokens created on large bronze English pennies of the day by convicts transported to Australia in the 1800s (estimates up to $3000).
● World gold coins include some rarities such as;
a) A very rare gold ducat issued in 1802 in Wallmoden-Gimborn District of Hannover in Germany (estimate $17,500).
b) One of the finest known Burgers gold one pond issued in the South Africa Republic in 1874 (estimate $40,000).
c) A very rare high grade Veld gold one pond struck in the South African Republic in 1902 during the Boer War (estimate $15,000).
● A large selection of Orders, Decorations and military campaign medals from the Battle of Trafalgar in 1805 through to the campaign in East Timor in 2000. There are several bravery medal groups.
Noble Numismatics Sale 120, 2 - 4 April, at the Dixson Room, State Library of NSW, Macquarie St, Sydney. Online live bidding is available via invaluable.com.