
Like many people, I often eschew the humble penny. I have even argued for getting rid of it, in the past. The penny above, for example, is pretty unremarkable.
Except, that is, for the fact that it was made by artist Jack Daws out of solid 18K gold. They’re plated with copper so that they look and feel like regular pennies; however, they weight a little heavier, and the casting process made them a tiny bit smaller than a normal penny.
When he cast the gold pennies, in early 2007, he used about $100 worth of gold. Of course, the price of gold has skyrocketed since then, so the pure metal value of the “penny” might be several hundred dollars by now.
As pieces of art, Daws was selling the one-cent pieces for $1,000.
But then he decided to take it one step further. Armed with a golden penny and a handful of regular money, Daws went to LAX in March, 2007 — and spent it. From the New York Times:
He carefully put the counterfeit penny, dated 1970, down on the counter, counted out enough change to pay $11.90 for a Hustler magazine and left. He got a cup of coffee and sat down on a seat with the newsstand in sight, and watched for an hour wondering if any of the travelers had walked off with his golden penny and where it would end up at the end of the day.
It could have ended up forgotten in the bottom of a drawer, or melted down at a bank, or just lost or forgotten. But maybe it ended up in circulation, with dozens, perhaps hundreds of hands touching it, perceiving it as nearly worthless, and then passing on hundreds of dollars worth of gold to another stranger.
Would he ever know?
Well, a couple of weeks ago, a graphic designer in Brooklyn tracked his phone number down and left him a voice mail: “I think I found your gold penny.” From the Times story again:
Late this summer, when [Jessica] Reed was paying for groceries at the C-Town supermarket in Greenpoint [Brooklyn], she noticed the penny because the gold color had started to peek through. A fan of unusual coins, she slipped it back into her change purse and tucked it into the recesses of her mind.
Then recently, while doing research about a 1924 Mercury-head dime, she remembered the penny and typed “gold penny” into Google, which returned information on science experiments to give a penny a gold color. She added “1970” and found an item about … Mr. Daws.
She’s thinking about having it framed, which I think would make an awesome piece of art, along with a great conversation piece.
I’m certainly never going to look at a penny the same way again.
In case you’re interested, the gallery page (with original news release about the penny being placed into circulation and some other art pieces) is here. And I’m pretty sure that the graphic designer who found it, Jessica Reed, is the person being profiled here, and that she runs an unusual blog called “Pictures of Cake.” As far as I can tell, she hasn’t posted about the penny yet. Maybe she’ll bake about it.