By May 26, 2015 Read More →

W.Va. Treasurer’s Office to auction rare penny

Charleston Gazette courtesy photo The state Treasurer’s Office plans to auction a rare penny during its next online auction.

Charleston Gazette courtesy photo
The state Treasurer’s Office plans to auction a rare penny during its next online auction.

CHARLESTON, W.Va. — State Treasurer John Perdue believes a rare, 1909-S VDB penny will attract the interest of coin collectors around the country during the next online auction for unclaimed property. The auction will be held between June 3 and June 18.

Since July 2011, Perdue has held 59 auctions.

“We have a 100 percent sales rate,” Greg Stone, Perdue’s communications director, said on Friday. “Everything we have put out for auction has eventually sold.”

Since July 2011, Perdue has held 59 auctions.

“We would like to have more instate interest,” Stone said. “But the ultimate goal is to gain the maximum value for the rightful property owner.”

Appraisers value the 1909-S VDB penny as being worth $500 each. The government minted 484,000 of those pennies, but the original ones are quite rare.

“Coin collectors will know what a 1909-S VDB is…

[Read the full story]

Comments are closed.