The First Art Newspaper on the Net Established in 1996 United States Saturday, December 20, 2014


Historic, rare Canadian 'Dot Cent' Penny expected to bring $250,000+ at Heritage Auctions
The Legendary Pittman/Krause 1936 Dot Cent.
DALLAS, TX.- Canada stopped making pennies in 2012, because they cost about 1.6 cents each to produce, but a rare 1936 Canadian "Dot Cent" struck 77 years ago is expected to sell for more than $250,000 as part of Heritage Auction's April 18-23 CICF World & Ancient Coins Signature® Auction at the Crowne Plaza Hotel in Rosemont, IL.

"It's one of only three known surviving 1936-dated Canadian cents deliberately made with a small dot under the date on the back of the coin," said Cristiano Bierrenbach, Executive Vice President of Heritage Auctions. "The dot indicated it was a transitional coin after the January 1936 death of King George V who is depicted on the front. It was struck after the December 1936 abdication of King Edward VIII and before the mint could produce cents in 1937 with the effigy of the new monarch, George VI. Just three of the historic 1936 dot cents are known today, and this one still has its original red color."

The current owner of the coin, who wants to remain anonymous, is a long-time collector who lives in Canada and acquired the coin in an auction conducted by Heritage in 2004.

"For several decades before that this famous Canadian coin resided in the United States with its two previous owners — collector and retired publisher of World Coin News, Chester Krause of Iola, Wisconsin, and before that with the late John Jay Pittman of Rochester, New York who was a former president of the Canadian Numismatic Society," said Bierrenbach. "The coin was stolen from Pittman in 1964, but later recovered."

Listen to the PRI/BBC radio interview of anchor Marco Werman speaking with Cristiano Bierrenbach about the auction of the coin.





Today's News

March 29, 2013

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Dallas Museum of Art announces new $17 million Marguerite and Robert Hoffman Fund for European Art

Musée d'art contemporain de Montréal renews its strategic vision; Director steps down

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Exhibition of new and classic photographs by Daido Moriyama opens at Steven Kasher Gallery

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Roni Horn's explorations into the effect of multiplicity on perception at Hauser & Wirth

New and returning dealers present a wonderful array of art and antiques at Art Antiques London

Fundació Joan Miró presents Insomnia, an exhibition about film as a material for contemporary art

Valencian Institute for Modern Art announces Bernar Venet receives the Julio Gonzalez International Prize

Record-breaking prints by leading Australian artist for sale at Bonhams

Broad Art Museum at Michigan State University receives $1 million endowment gift

The Museum at Bethel Woods to re-open Saturday, April 6

Historic, rare Canadian 'Dot Cent' Penny expected to bring $250,000+ at Heritage Auctions

Exhibition by Brooklyn-based artist Gregg Louis opens at Nohra Haime Gallery

A major new online art project inspired by Kurt Schwitters launching on 1 April

Michael Atwood Mason named Director of the Smithsonian's Center for Folklife and Cultural Heritage

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