Rare coin fetches local man a pretty penny - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Rare coin fetches local man a pretty penny

Posted: Updated:

SAN DIEGO (CBS 8) - It's a one-of-a-kind treasure and it's expected to fetch a pretty penny at auction.

It's an extremely rare 1974 aluminum penny and it is probably the only one left in the world.

Randy Lawrence found it in his father's possessions and took it to La Jolla coin dealer Michael McConnell who thought it could possibly be worth a couple hundreds dollars at first, but then did a little homework.

"Did a little bit further research on it and realized it might be something a little more special than I originally thought," McConnell said.

The coin will be auctioned off in April.

Lawrence and McConnell agreed to split the proceeds and donate as much as $100,000 to homeless programs.

 

  • CBS 8 FEATURES

  • Thursday, February 6 2014 11:25 PM EST2014-02-07 04:25:24 GMT
    In a Mission Valley alpine kiosk, Chilly Ribbons is serving a guilt-free frozen treats.
    In a Mission Valley alpine kiosk, Chilly Ribbons is serving a guilt-free frozen treats.
  • Thursday, February 6 2014 10:52 PM EST2014-02-07 03:52:41 GMT
    There has been a string of fatal hit-and-run crashes around the county, and authorities are asking San Diegans to be alert in spotting the vehicles involved.
    There has been a string of fatal hit-and-run crashes around the county, and authorities are asking San Diegans to be alert in spotting the vehicles involved.
  • Thursday, February 6 2014 8:11 PM EST2014-02-07 01:11:24 GMT
    The CBS News 8 CrimeFighters are helping authorities in a manhunt for a registered sex offender who's on the loose in North County.
    The CBS News 8 CrimeFighters are helping authorities in a manhunt for a registered sex offender who's on the loose in North County.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.