Some pennies net a man $10.7 million

I have always had an interest in coin collecting so a recent auction of rare American cents caught my attention.

Walter J. Husak, who is owner of an aerospace-part manufacturing company, recently had 301 pennies in his collection auctioned off. There were some real jewels in his collection, including a 1793 cent that was only produced for two weeks before Congress abandoned the coin because of its design.

According to the Associated Press, the presale estimate of the coins was that they were worth about $7 million, but the auction hauled in $10.7 million.

For those looking for long-term investments, coins aren't a bad choice. They won't soar in value overnight, but over the long run, they consistently appreciate.

So, in this case, a penny saved is more than a penny earned.