The E-Sylum:  Volume 10, Number 27, July 8, 2007, Article 27

CALIFORNIA'S 'PENNY KING' AND THE MYTH OF THE MILLION DOLLAR PENNY

Dick Johnson writes: "This is one of the strangest stories I ever read.
And it is one of several on 'pennies' this week. A man in California
gives a dollar bill to strangers for every cent they have. But that's
not all. The stories he tells are stranger yet!

"Freelance author Alex S. Gabor tells of the gentleman who calls himself
the 'Penny King.' He states he was cheated out of a $70-million dollar
company 34 years ago and for the last 15 years he has been giving away
his dollar-for-cent exchanges.

"He states there is a million-dollar penny out there somewhere and he
hopes to find it. His son found a trunk of cents he cashed in for $4,000
so he has been quite active in this rater strange preocupation. The rest
of his statements range from unusual to unbelievable so you will have to
read the author's own words. He calls it 'The Myth of the Million
Dollar Penny.'

"The article was published in the American Chronicle this week. Go
read for yourself."

[Here are a couple short excerpts from this wacky article. -Editor]

"There are many articles on the subject of this mythological penny that
could fetch over a million dollars. Supposedly the United States Mint
made only one of these pennies and it somehow managed to slip out of
the garbage bin and into circulation through some former government
employee's deliberate attempts to cash in on what could now only be
deemed a tiny diamond in a global haystack.

"“The Penny King” likes to tell the story of how he once put up a
golden penny for auction on eBay with a minimum bid of $1 million
and someone successfully bid and won.

"He was all set to cash in his spray painted gold penny and buy hundreds
of thousands more and make a global business of it when the person who
won the auction backed out thinking it was altogether a joke.

To read the complete article, see: Full Story

  Wayne Homren, Editor

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