$1.136 million paid for NYC man's 1958 penny

The First Art Newspaper on the Net    Established in 1996 Friday, April 19, 2024

$1.136 million paid for NYC man's 1958 penny
Late collector’s Lincoln cents with a face value of only $2.76 sold at auction for $7.7 million by GreatCollections.

IRVINE, CALIF.- Who says a penny won’t buy much these days? A 1958-dated Lincoln cent mistakenly made with doubling in some letters of the design has sold for a record $1,136,250. It was owned by a New York City collector who died soon after consigning his pristine condition coins to be sold at auction.

“The million-dollar penny is known as a ‘doubled die’ and it is the finest of only three known 1958 U.S. cents that have severe doubling of letters in the motto IN GOD WE TRUST and the word LIBERTY on the front of the coin,” explained Ian Russell, president of GreatCollections of Irvine, California.

It was owned by numismatist and sculptor Stewart Blay of New York who died at age 71 in November. His set of 276 mint-condition Lincoln cents dating back to 1909 with a combined face value of only $2.76 sold for $7,731,811 in a series of six auctions by GreatCollections that ended on Sunday, January 29, 2023.

A total of 117 bids were placed for the mismade 1958 penny. The winning bidder was described by Russell as an advanced collector who needed this coin to complete his collection.

Doubled dies occur when the metal die used to make coins is incorrectly struck twice, resulting in all coins minted with that die to appear double-struck.

“In addition to setting an auction record for the first million-dollar Lincoln cent, 13 other superb-condition pennies in Mr. Blay’s painstakingly-assembled collection sold for record six-figure prices, ranging from $120,937 for a 1911 cent to $601,875 for one of the approximately 50 known doubled die cents made in 1969 at the San Francisco Mint,” said Russell.

“My brother began collecting coins when he was eight years old and started assembling the finest known collection of early Lincoln cents about 50 years ago,” explained Blay’s sister, Mariette Blay of Oregon. “He was extremely proud of what became known as the Red Copper Collection and many of the pennies were exhibited at coin shows.”

“Stewart Blay spent decades traveling the country, visiting coin shops and coin shows on his quest for the very best, while also sharing his knowledge with fellow collectors and dealers,” said Russell. “He spent his life procuring the absolute best-of-the-best Lincoln cents and they were very well received by collectors. It might be another generation before these coins appear on the market again.”

Today's News

January 31, 2023

Jewish heirs sue Guggenheim over ownership of a prized Picasso

Candida Höfer's large-format digital camera photographs subject of exhibition at Kunstmuseum Liechtenstein

Exhibition focuses on Maya Lin's artistic investigations of water and her ongoing environmental activism

Harn Museum presents "Posing Beauty in African American Culture"

$1.136 million paid for NYC man's 1958 penny

One of the last typewriters owned by Mark Twain tells its story in Heritage's Historical Manuscripts Auction

"Ugo Rondinone: nuns + monks at the sea" now on view at Gladstone Gallery

New auction record set for Bronzino during Sotheby's $100M Masters Week

Irish tokens exceed expectations at Noonans

He designs sneakers with Dua Lipa and writes songs with The Weeknd

Holburne Museum presents new sculptures and text pieces by Alberta Whittle

Liang Yi Museum opens "Majestic: Royal and Imperial Objects from the Liang Yi Collection"

Audain Art Museum takes a journey through the ages with impressive print exhibition

Karrabing Film Collective's first solo exhibition in Germany opens at Haus der Kunst

High Museum announces 2023 Driskell Prize recipient Ebony G. Patterson

Nicolas Party exhibits a group of new works, including pastels, cabinets and oil-on-copper paintings

Easy does it: Bringing old-school wisdom to City Ballet

'The great Czech piano cycle' arrives at Carnegie Hall

British artist Robert Montgomery unveils latest light installation in Coal Drops Yard

EMΣT Athens opens its winter-spring exhibition programme with six new solo exhibitions.

Eye Filmmuseum opens an exhibition of works by the winner of Eye Art & Film Prize

Multiple records set as Heritage's Winter Sports Card Auction races past $10 million

Miller & Miller Auctions, Ltd. announces highlights included in its Advertising & Historic Objects auction

WOW Vegas Sweeps Slots Scam or Secure: Our Review 2023

How a wildcard SSL certificate can benefit your business?

The Benefits of an Automated Staff Clocking time System

5 Tips for How to Promote Your Art on Instagram

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit
Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful