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Welcome to Western & Eastern Treasures, for 51+ years the #1 publication in metal detecting and treasure hunting!  Like you, we're always looking for adventure, excitement, and the kind of inside information and ideas that every savvy searcher needs to succeed.  Each monthly issue is packed with stories of new discoveries and solid how-to tips & techniques from writers with real-world experience and the finds to prove it!
 
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jul2018 • 	2018-06-01

“You guys are the greatest. I love the magazine and can hardly wait for it to arrive each month.”
— Ralph W.

RARE US PENNY SELLS FOR $300,000 AT AUCTION IN FLORIDA - The penny went up for auction at the annual Florida Numismatic Convention in Tampa. When is a penny worth $300,000? When it’s one of the first copper coins struck at the U.S. Mint in Philadelphia, in 1793. The annual Florida United Numismatists (FUN) convention was held in Tampa recently. It’s considered one of the five largest coin and currency collectors’ shows in the nation, experts say, and three historic coins, including the pricey penny, went up for auction. In all, the auction drew $24.9 million in sales. Mark Borckardt, a senior numismatist with Heritage Auctions in Dallas, said the George Washington-era penny is one of about 500 in existence. Other high-value U.S. coins sold at auction included a half-dollar minted in New Orleans in 1838. It was one of the first 20 produced there. A $4 gold piece called a “Flowing Hair Stella,” sold for $750,000 and is considered one of the great rarities in America gold coins. “It was an experimental piece that the government produced, hoping to create an international coinage,” Borckardt said. “It’s literally the forerunner of today’s Euro. The government finally decided no, that’s not going to work.” There are only about 15 to 20 of those quarter-sized gold coins in existence. The coins had high value due to their rarity and excellent condition. “Collectors interested in these have a very strong sense of history, both American history and financial history,” said Borckardt. (5.18)