A rare coin from 1792, called the Birch Cent, has popped up after being hidden for centuries in a Pennsylvania farmhouse. Found in a dusty Revolutionary-era trunk, this copper penny is one of the first ever made by the United States and is now valued at a jaw-dropping $10.1 million. Discovered by a retired schoolteacher sorting through his grandfather’s old stuff, this coin is thrilling collectors and historians alike. Its incredible history and rarity make it a true American treasure.
A Stunning Discovery
The schoolteacher was going through his late grandfather’s belongings when he found the trunk, filled with old letters and maps from the 1700s. Tucked inside a cloth was a heavy, worn penny that didn’t look like much at first. Curious about its odd design and weight, he took it to a local appraiser. Experts quickly confirmed it was a 1792 Birch Cent, a prototype coin from the early days of the U.S. Mint. Only about 10 to 12 of these coins are known to exist, making this find a once-in-a-lifetime event.
Why the Birch Cent Matters
The Birch Cent was designed by Robert Birch, an engraver who helped create America’s first coins. Minted in 1792, it was a test piece to show what U.S. money could look like, featuring Lady Liberty and the words “Liberty Parent of Science & Industry.” The U.S. Mint was just getting started, and these coins were never widely used. Their rarity and connection to America’s founding fathers, like Thomas Jefferson and George Washington, make them priceless to collectors. Some have sold for millions at auction, with one fetching $2.6 million in 2015.
The Coin’s Journey
This particular Birch Cent is a Judd-4 variety, with the edge lettering “TO BE ESTEEMED * BE USEFUL *.” Only seven of this type are known, and this one is in great condition, boosting its value. Experts believe it was struck in Philadelphia, possibly in a basement press, before the U.S. Mint was fully built. Its discovery in a trunk suggests it was kept as a keepsake, maybe by someone tied to the early government. Offers for the coin have already hit $10 million, with its top value set at $10.1 million due to its historical importance.
What Makes It So Valuable
Several things make the Birch Cent a collector’s dream. Its age, rarity, and link to America’s founding are huge factors. The coin’s design, with detailed engravings and unique edge lettering, adds to its charm. Condition is also key; this one’s well-preserved state makes it stand out. Here’s a quick look at its specs:
| Feature | Details |
|---|---|
| Year | 1792 |
| Type | Judd-4, Lettered Edge |
| Material | Copper |
| Estimated Value | $10.1 Million |
| Known Examples | About 7 of this variety |
Could More Be Out There
This find has sparked a frenzy among coin hunters, wondering if other Birch Cents are hiding in old boxes or attics. Experts say it’s unlikely but not impossible. If you have old coins, check for a 1792 date, the name “BIRCH” on Liberty’s shoulder, or unusual edge lettering. A professional appraiser or grading service like PCGS can confirm if you’ve got something special. This coin’s story is a reminder that history can turn up in the most unexpected places, maybe even your own home.