Don in SJ
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- May 20, 2005
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While doing some genealogy research in Montgomery County Pa (near Philly) I came across this newspaper article, for those who do not know about 1799 Large Cents, well, look in Red Book!
Dec 29, 1900 Pennsburg Pa Newspaper
FIVE DOLLARS FOR ONE CENT
Edward D. Reiter, of Hoppenville, sold one day this week an old cent dated 1799, to John Borkey, of Philadelphia, for five dollars. Mr. Borkey, is a traveling salesman for one of the largest grocery firms in this state, and is well known throughout this vicinity. He is also quite widely known as a collector of old coin, of which he now has an exceptionally valuable collection. The cent was one of the large copper series, which are now rarely seen in circulation. Mr. Reiter, received full market value for his old coin and feels highly pleased with the manner in which it inhansed in value during his possession of it. It is too often the case that men who become possessors of coins of this kind do not know their value and allow them to pass through their fingers at their face value. Transactions of this kind often demonstrate the stearling worth of a man in business life, it shows that he is careful, thoughtful and looks into the value of the little things, and allows the big things to present their own value
Don
Dec 29, 1900 Pennsburg Pa Newspaper
FIVE DOLLARS FOR ONE CENT
Edward D. Reiter, of Hoppenville, sold one day this week an old cent dated 1799, to John Borkey, of Philadelphia, for five dollars. Mr. Borkey, is a traveling salesman for one of the largest grocery firms in this state, and is well known throughout this vicinity. He is also quite widely known as a collector of old coin, of which he now has an exceptionally valuable collection. The cent was one of the large copper series, which are now rarely seen in circulation. Mr. Reiter, received full market value for his old coin and feels highly pleased with the manner in which it inhansed in value during his possession of it. It is too often the case that men who become possessors of coins of this kind do not know their value and allow them to pass through their fingers at their face value. Transactions of this kind often demonstrate the stearling worth of a man in business life, it shows that he is careful, thoughtful and looks into the value of the little things, and allows the big things to present their own value
Don
