Somebody Tell Us What This Was About ?

Discussion in 'Numismatics' started by The_Roll_ Man, Mar 19, 2017.

  1. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    It's the rare purple error
     
  3. mmissinglink

    mmissinglink Active Member

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    ^ :lol:




    .
     
  4. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    "Purple error" ?

    As in ' The Purple Penny' title ....

    Really ?!

    Colour of toning isn't an error.

    It was described 'blue & green'.

    Surely the auction house would have known about such an 'error' if it were one ....

    It carried an estimate of $10. - $20.

    Ended up at $2,304. !!!

    It wasn't described as something of a rarity ( and the auction house would have capitalised on any potential 'selling point' )
     
  5. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    A check of Google produces no article on an Australian purple penny ( the only references relate to a private commercial venture of the same name ).

    If it were a recognised 'error', surely there would be some research or discussion about it ...

    I couldn't find anything.

    Thus, a 'purple penny' is merely a toned coin.

    I did find one reference that suggests, that bronze coins have been found to tone purple when stored in a 'tin can'- type container for some 40 - 50 years.
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Lol it was sarcasm
     
  7. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    At least I was prompted to 'look into it' ....

    But the question remains ....

    Why was there a bidding frenzy up to $2,304 for a 1964 penny ???
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Could be a pair of dumb and dumber bidders or money laundering if the same seller reaped similar windfall in other auctions.

    Ten percent premium to clean dirty money would be cheap.
     
  9. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    That particular auction house doesn't charge the vendor, but they do charge the buyer.
     

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