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ARTICLE DISCUSSES KEVIN LIPTON'S BIRCH CENT PURCHASEThe New York Daily News published an article Monday, January 12, 2015 about dealer Kevin Lipton's purchase of the Garrett
Birch Cent at last Thursday's Heritage sale of the Partrick collection. -Editor
Beverly Hills rare coin dealer Kevin Lipton purchased a rare coin he said is an important piece of American history. He told the Daily News he bought the 1792 Birch Cent penny for $2,585,000 at auction Thursday. A pretty penny of a sum sure, but Lipton insists he got a good deal and expected the rare coin to sell for far more. "I wasn't buying it in the heat of an auction," he said Monday from his store, Kevin Lipton Rare Coins. "I was buying it for value."
"This coin is one of the greatest, I'd say, top 10 American coins in existence. It's great from a rarity standpoint and a historical standpoint," he said. "It's the birth of our coinage." A 22-year-old Lipton was actually at the auction in 1981 when the coin was last sold to New York collector Donald G. Patrick for $200,000. But Lipton said he wasn't interested in the item at the time. "I didn't understand coins like that back then," he said. "Now I understand the greatest American coins are the ones that represent where we started." To read the complete article, see:
Alan V. Weinberg writes: The Unc part red 1792 Birch cent and the Unc 1792 Wright quarter both sold to a blatantly arm-waving Kevin Lipton, underbid by Laura Sperber who likely represented a buyer who, several years ago, reportedly paid $5M for the finest known ex-Garrett 1792 silver center cent. These two Partrick coins are far rarer and nicer and worth more than the Garrett silver center cent. Indeed, an EF Partrick silver center cent sold for all of $400K. hammer. The prices realized on these two Partrick coins were generally perceived to be absolute bargains and only a few months earlier were predicted to bring almost double what they hammered for: $2.3 and $1.9M. There was one 1792 pattern, the lesser grade silver disme which was both mis-catalogued and not slabbed properly. While the field tooling-out of the 1792 date was noted, there was no mention anyplace of the extensively re-engraved hair which was apparent at arm's length. To read the earlier E-Sylum article, see:
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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