The E-Sylum:  Volume 10, Number 48, November 25, 2007, Article 18

AUSTRALIAN CLAIMS HE HAS A $1 MILLION PENNY

Dick Johnson writes: "The owner of the Australian 1930 proof
penny claims he has turned down an offer to buy the coin from
him for one million dollars. He rejected the offer. Or, as it
was reported in the Australian press, he 'knocked back an
offer of $1million.'

"The press also stated it is the most famous copper coin of
the 20th century and called it 'the holy grail of the coin
collecting world.'

"The article in the Sydney Herald tells why the coin is so
valuable. It was the first year of issue, it was struck in
proof. And only six were made.  Three are in museums. Only
three are in private hands.

" 'On Tuesday, for the first time,' the article continued,
'one of the privately owned million-dollar pennies will go
on display at the historic ANZ Gothic Bank building in
Melbourne.' It will be exhibited along with  Australia's
first coin, the Holey Dollar. "

To read the complete article, see:
Full Story

  Wayne Homren, Editor

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