eBay Selling Collects $116,000 “Per Ounce“ for Rare Copper
A Rare U.S. Penny recently collected a final eBay sell price of $14,552. Based on its estimated weight of just over 3 grams, it sold at the extraordinary equivalent of $116,000 per ounce. Something unique had caught the eye of bidders.
The 1856 Flying Eagle Penny had an opening bid of just 99 cents on December 17th 2008. Ten days later it had received 23 bids from the 9 bidders who participated in the frenzy. But it wasn’t the only penny to bring a top eBay selling price.
According to James Massey, publisher of WhatSellsBest.com, a free website which tracks top selling eBay items. “Even in our current economy, collectible pennies appear to be in high demand. More than 30 Lincoln Wheat Pennies have fetched final (eBay selling) prices between $2,000 - $8,000 in the last 90 days.”
While the pennies collecting the highest prices are often rated as being in excellent to mint condition. Flawed pennies are also favorites among collectors. (Provided the flaw happened during the minting process) Several “flawed” U.S Lincoln pennies recently received final eBay selling prices in the $1,000 to $2,000 range.
Massey also stated; “Many times the owners of rare pennies are not professional collectors. So having no idea of their item’s value, they end up putting them in a jar or giving them away for (pun intended) pennies on the dollar. It’s unfortunate, because today it’s so easy to get a general sense of market value for most items. It usually only takes a few minutes using free online sites.”
To see the 1856 Flying Eagle Penny mentioned in this article or get more information about free resources to check the market value of your items: Visit WhatSellsBest.com or use the links below.
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- James Massey
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