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Rare coin found by NYer sold for $430k

Friday - 11/23/2012, 7:15am  ET

MELVILLE, N.Y. - A rare silver Colonial Massachusetts coin that was found by an East Hampton, N.Y. woman has been auctioned off for $430,000.

Newsday ( http://bit.ly/XI1XCN) says the coin was found 23 years ago in a potato field. It was determined the coin was a sixpence from 1652.

It made four times as much as auction officials expected. It was sold last week at the Colonial Coin Collectors Club in Baltimore.

The coin is one of eight known to exist.

It was first auctioned in 1992 by Lillian King, who unearthed it with a metal detector.

The person who bought the coin back then for $35,000 resold it last week for the large sum.

King told the newspaper that she wishes she'd waited to sell the coin.

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Information from: Newsday, http://www.newsday.com


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Tags: rare coin