The E-Sylum:  Volume 11, Number 7, February 17, 2008, Article 16

USA TODAY: HUSAK CENT SALE REALIZES $10.7 MILLION

[Dick Johnson forwarded this article from USA Today about
the Husak large cent collection sale at Long Beach this
week.  -Editor]

A penny saved is not necessarily just a penny earned. One
man's collection of rare American cents has turned into a
$10.7 million auction windfall. The collection of 301 cents
featured some of the rarest and earliest examples of the
American penny, including a cent that was minted for two
weeks in 1793 but was abandoned because Congress thought
Lady Liberty looked frightened.

Heritage Auction president Greg Rohan said the auction
was the biggest ever for a penny collection, with hundreds
of bidders vying for the coins. Presale estimates valued
the collection at about $7 million.

The coins came from the collection of Burbank resident Walter
J. Husak, the owner of an aerospace-part manufacturing company.
Husak became interested in collecting at age 13, while visiting
his grandparents who paid him in old coins for helping with
chores.

To read the complete article, see:
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  Wayne Homren, Editor

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