Beverly Hills Man Pays $2.5 Million for Rare Penny
One of the rarest pennies cost a Beverly Hills man a pretty penny.
At an auction last Thursday, Kevin Lipton shelled out $2,585,000 for the Birch Cent, a penny made in 1792 that is named after its engraver, Robert Birch.
It’s the most money ever paid for a one-cent piece. And yes, he said, the purchase made sense.
“It’s like our very first penny,” Lipton, 55, told the Los Angeles Times on Sunday. “It’s such a spectacular coin. It’s so important, so rare.”
Click here to read the full story on LATimes.com.