Saturday, April 28, 2012
A 1792 Silver Center penny was hammered at $1.15 million at a Heritage Auctions sale. It was one of the first coins ever made by the U. S. Mint. The coin has a silver plug in the center of a copper disk. This is one of the highest prices ever paid for a coin.
Yes, a $130 check sold for $160,000; of course the check was tfor the original purchase to the right for Superman. The check was from Detective Comics, later changed its name to DC Comics, wrote to Jerome Siegel and Joe Shuster, the Superman creators. The online auction was held by New York-based ComicConnect.
A man who bought a collectible stock certificate of the Palmer Union Oil Company for less than $5 thought he became a multi-multi-millionaire, as he discovered that the company was subsequently taken over by a series of companies which was eventually taken over by Coca Cola. The family of the man filed suit on behalf of the man's estate against Coke claiming the certificate was worth $130 million. Later, the family's attorneys amended the suit to $12,000 to $15,000 due to reverse stock splits that were not taken into consideration. However, Coca Cola responded that the collectible stock certificate is totally worthless. One of the main reasons was that the certificate was stamped Canceled. The family is lucky that the SEC didn't go after them for trying to pass off a stock certificate that was clearly cancelled as one that is redeemable.