In September 2012, Legend Numismaticsof Lincroft, New Jersey has announced that collector Bob R. Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steelplanchetscoated with zinc. However, some bronze planchets left over from 1942 slipped into the production process. These error coins are extremely rare and highly sought after by error coin collectors.
According to a press release, it was successfully acquired by Legend after "determined negotiations" with an East Coast dealer representing the seller who is described only as "a long-time collector," according to Legend President Laura Sperber. "Mr. Simpson said, 'It's a beautiful coin.' As he held it he reminisced about the 1943 'copper' Lincoln cent he found in change when he was a youngster, but that turned out to be a fake," said Sperber. The MS62 coin is the finest of four known 1943-S bronze cents, and it is an upgrade to an example graded PCGS AU58 that was in Simpson'sregistry set.
When the United States Mint manufactures coins, they are produced within tight tolerances as defined by law. Specifications in the law include diameter, thickness, metal composition, and design requirements. When a law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. In this instance, the United States Congress passed a law that specified pennies produced in 1943 are made out of steel instead of bronze.
Each production facilities of the United States Mint is a factory that produces coins for the United States of America. Much activity goes on in these facilities that enable them to produce billions of coins every year. While they pay close attention to the process to achieve world-class quality, some mistakes do happen.
In this instance, coin experts believe that planchets from the previous year (1942) which were made of bronze were still lingering in the production process. Although it cannot be proven, another explanation for this error coin is that a mint employee purposefully struck a few 1943 pennies on bronze planchets. Although illegal, sometimes these do escape the security procedures of the Mint.
Since Lincoln cents are one of the most collected United States coins, demand for them is extensive. Given the unusual look of a 1943 steel Lincoln cent, a 1943 Lincoln cent made out of bronze is one of the "Holy Grail" of Lincoln error collectors. Compounding the pressure of a highly collectible coin with the fact that there are only five known examples of a 1943-S Lincoln cent made in bronze, the price will skyrocket!
The number of U.S. homes valued at $1 million or more increased by 400,702 this year, the largest annual rise since the housing price recovery began in 2012, according to a new study by real estate research firm Trulia. Slightly more than 3 million homes nationally, or 3.6% of the total, are worth at least $1 million, up from 3.1 percent last year and 1.5 percent in 2012.
Not surprisingly, many of the freshly minted million-dollar units are in California, which already boasts the most in the country. The San Jose and San Francisco metro areas have the largest shares of $1 million homes and also notched the biggest increases over the past year.
They include San Jose, California, whose median value rose from $930,900 to $1.09 million; Fremont, California ($966,000 to $1.13 million); Burbank, California ($845,700 to $1.01 million); Newton, Massachusetts ($977,200 to $1.07 million); and Shelter Island, N.Y. ($903,500 to $1.15 million)
Trulia Senior Economist Cheryl Young attributed the big jump to widespread home price increases in recent years, with the median national home price climbing 7.6 percent the past year to $220,100. The median, or midpoint, of all home prices is up 45.3 percent since 2012. Housing demand has been strong while supplies are low, driving values higher.
Of the roughly 15,100 larger neighborhoods around the country analyzed by Trulia, 838 have median home values of $1 million or more and about two thirds of those are in California. Nearly 30 percent of Californias neighborhoods have a median home price of at least $1 million, the most by far of any state. New York, Florida and Washington followed.
But it is still a sizable chunk of change and can buy you the following residential properties, based on information from Zealty.ca, the Multiple Listing Service and the B.C. Assessment Authority websites.
Surprisingly, this property has a real house on it (small at 832 square feet) and is on a true-sized lot (33 feet wide and 103 feet deep). The neighbourhood, Killarney, is a hold out for relatively good value in the Vancouver market, with several detached homes selling for between $1 million and $1.5 million over the past six months.
This 936-square-foot condo is in a three-storey ,70s building thats nicely renovated. Asking $999,000, the two-bedroom condo that is close to Kits Beach allows pets and rentals, and has been on the market for eight days.
If I had a million dollars, Id buy this home tomorrow. Its a clean, simple and sunny 1,800-square-foot rancher on a large 62-by-100-foot lot and priced at $999,999 in a good neighbourhood though it doesnt have a lane.
Proving you can still get a detached home in Tsawwassen for less than $1 million, this 2,150-square-foot classic rancher built in 1963, so it was a big house at the time has a large 75-by-100-foot lot and while on a fairly busy road its close to shops, schools and amenities.
This is the home closest to $1 million at the most eastern edge of Metro Vancouver, in Aldergrove. It aint pretty, but this one-level rancher sits on a very large lot at 65-by-125 feet (which is .19 of an acre) and has an asking price of $949,900.
In a nice neighbourhood, this home was built in the early 1950s (and thats likely when the existing ringlock fence was put in) and has an assessed value of $762,600. The inside has been well maintained.
Located just outside the Buntzen Lake Provincial Park border, this 1,500 square-foot home was built more than 50 years ago in a 92-lot strata planned recreational community. The lot on this view home is .27 acre and comes with a strata fee of $308 a month.
The home is part of a freehold strata development (Aquadel Crossing) at the lake, explaining the price, which is less than if it were freehold land. However, the strata amenities look good including a pool and clubhouse with a strata fee of $200 a month.
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About six in 10 Americans (58%) think that $1 million will be enough for "a comfortable retirement." That's according to TD Ameritrade's 2019 Retirement Pulse Survey, which surveyed 1,015 U.S. adults ages 23 and older with at least $10,000 in investable assets.
Although $1 million is the oft-cited amount needed to retire comfortably, it might not be enough. "On average, a $1 million retirement nest egg will last 19 years," according to a 2019 report from personal finance site GOBankingRates. And depending on where you live, retirees could blow through $1 million in as little as a decade.
Many experts, including co-founder of AE Wealth Management David Bach, say that if you set aside at least 10% of your income in a retirement fund, you'll set yourself up to be fine. But more is always better, he adds.
Sallie Krawcheck, co-founder and CEO of Ellevest, recommends saving 20% of your income for your future self. That 20% includes retirement funds and saving for any major purchases, such as a home or car. "For a lot of folks that can be difficult to get to," Krawcheck says, "so start with 1%." Then, aim to gradually increase that amount over time.
You don't just want to save this money, she adds. You want to invest it and make it work for you. That means contributing to your employer's 401(k) plan if they offer one or saving in other retirement accounts, such as a Roth IRA or traditional IRA.
If you don't set aside money when you're young, you'll have to save more to make up for lost time. If you want to retire by 65, you should be setting aside 10-17% of your income if you start saving at 25, the Stanford Center on Longevity determined in a 2018 report. But if you wait until 35 to start, you have to save 15-20%.
"Our savings factors are based on the assumption that a person saves 15% of their income annually beginning at age 25, invests more than 50% on average of their savings in stocks over their lifetime, retires at age 67, and plans to maintain their preretirement lifestyle in retirement," Fidelity says.
Most Americans, 62%, feel like they need to catch up on their retirement savings, TD Ameritrade reports. If you feel the same, there are strategies you can use like setting up automatic contributions or increasing your income that will help you get to, or nearer to, where you need to be.
First, enroll in your employer-sponsored 401(k) plan if you haven't already, says Katie Taylor, vice president of thought leadership at Fidelity Investments. Next, find out if your company offers a 401(k) match. If they do, take full advantage of it, she tells CNBC Make It: "If there is a match that's 3%, make sure that you're saving at least 3%. Otherwise, you're leaving 'free' money on the table."
If you're one of the many Americans without access to a 401(k), don't stress. Most importantly, "don't let that be a deterrent for not saving for the future," says Taylor. "Whether or not you have access to a 401(k), at some point, you will want to retire and you will need to have money saved."
You have plenty of other options, including a traditional, Roth or SEP IRA; a health savings account (HSA) or a normal investment account. Read up on all of your options, choose an account to fund and start setting aside money for your future today.
"It's harder to catch up if you don't save," says Taylor. "If you spend the first half of your career not saving, you've got to do a lot of catching up later in your career and you don't have the time in the market to ride out any fluctuations. It's always a good idea to get started as early as possible."
No president is on $1,000,000 one million dollar bill. One Million dollar bill does not exist, example below is just a wild imagination of an artist. The highest real denomination of US Currency is $10,000, but this bill has not been printed since 1940s.
The gilded girls of America's so-called Gilded Age sometimes looked across the sea for something American men can't offer: a title. Their search is being remembered these days on our TV screens. Here's Jan Crawford:
It's one of "Downton Abbey"'s central plotlines: Cora Lady Grantham (played by actress Elizabeth McGovern) was once Cora Levinson, heiress to an American fortune. She marries Lord Grantham, a British aristocrat, and saves his crumbling estate, claiming the title of Countess for herself.
Lady Cora is an example of what came to be known as the "Dollar Princesses" of the Gilded Age: A time in the late 19th century when young American heiresses -- rich with new money and rejected by established high society -- turned their sights to Europe, seeking status through marriage and lofty European titles.
"The heiresses, I'm sure, found the appeal of wearing a tiara or being presented at court an amazing fulfillment of a dream -- if not theirs, their mothers' perhaps," said Jeff Groff, a curator at the Winterthur Museum in Delaware. It's the former home of America's own brand of royalty, the du Pont family.
Groff said what was so interesting about the many real-life Coras during the Gilded Age was that, "So many of the great American fortunes were in manufacturing, railroads, finance, trade -- things the British aristocracy would normally turn up their nose up in the air about."
Last week the Smithsonian Channel (which is partly owned by CBS) began a three-part series on these transatlantic unions, "Million Dollar American Princesses," depicting the lives of real American heiresses of the Gilded Age, like Jennie Jerome -- daughter of a Wall Street tycoon, and the mother of Prime Minister Winston Churchill.
Jennie might have lacked the social credentials to make it in New York, but in England she had critical advantages over her local rivals, including a huge amount of confidence received from growing up being told she's wonderful and beautiful.
Many of these young women, with their confidence and outspokenness, made an impact on British society that continues to this day. Princess Diana's great-grandmother, Frances Work (later the Honorable Mrs. Frances Burke-Roche), was the daughter of another Wall Street millionaire.
There were a few must-reads of the era. One publication for the American heiress was a quarterly journal called "Titled Americans." It listed the great Anglo-American matches already made, and the names of titled men still on the market.
On this list of aristocratic bachelors is famed British banker, the Honourable Lionel Rothschild: 22 years old, heir to the Rothschild estates, an enthusiastic zoologist. Not a bad catch if you like that kind of thing.
And (not for the feint of heart) the 12th Earl of Devon and his 53,000 acres of a heavily-mortgaged estate. "Lord Devon, who is 48 years of age, was formerly a captain in the army and a Member of Parliament; has sown wild oats extensively."
But despite the dream of the title and the romance so beautifully depicted on television, life wasn't always so luxurious for the new ladies of the manor, who'd grown accustomed to things like heat and electricity.
The exhibit at Winterthur contrasts the difference between the American and British estates, such as the elaborate bell-pull system used at Downtown Abbey to call servants, versus the electric call system in use at the same time period by the du Ponts in America.
With the coronation of King George V in 1911, the tide began to turn on the "Dollar Princesses" and their modern ways. The new monarch frowned on the unions, and the doors of the grand old estates -- once flung wide open -- soon began to close.
But back home her future looked much brighter. All that new money wasn't so new anymore. The Dollar Princess, with or without a glamorous title, was not only welcome in high society; now SHE was sending the invitations.
The Black Lives Matter movement has often faced questions regarding the motives behind its destructive behavior. If co-founder Patrisse Khan-Cullors recent real estate binge is any indication, those motives might not be so pure.
This is not the only high-end property that Khan-Cullors has recently purchased. A separate article from the New York Post said that she has purchased four homes totaling $3.2 million in the United States alone in the past few years.
Obviously, a woman who describes herself as a trained Marxist seems hypocritical for spending $3 million on homes in the last five years. However, this latest purchase is hypocritical in even more ways than one.
In September 2020, The New York Times reported that BLM activists were marching into primarily white neighborhoods and demanding their allegiance to the cause. Their co-founder now owns a luxury home in the type of neighborhood with which her movement previously took issue.
The gross hypocrisy on display from Khan-Callors is, unfortunately, not all that surprising. As rioters walked out of retail stores last summer carrying everything from televisions to tennis shoes, it was clear that personal gain was more important than the supposed justice they were fighting for.
BLM is the biggest and most dangerous scam in American history, he wrote on Twitter. The grifters at the top of the organization enrich themselves while poor communities across the nation are devastated by the chaos they foment and profit off of. How could anyone still support these con artists?
BLM is the biggest and most dangerous scam in American history. The grifters at the top of the organization enrich themselves while poor communities across the nation are devastated by the chaos they foment and profit off of. How could anyone still support these con artists?
Its not going to bring George [Floyd] back here George is in a better place than we are. And last night, Im going to be honest, I wish I was where George was because this is ridiculous. These people are tearing up our livelihoods.
Unfortunately, it appears that the founders at the top of the BLM movement did have a reason, and it was to make money for themselves. According to the Post, BLM took in more than $90 million in 2020 as the socialists behind it were purchasing million-dollar homes.
If Khan-Callors really wanted to help minorities, she could start by not profiting off of their suffering. Unfortunately, exposing her for the fraud that she is will not repair the damage her movement has caused.
America's Got Talent Season 14 was stacked with so many skilled acts that it was difficult to predict who would make it to the final episode. That said, 23-year-old singer and pianist Kodi Lee seemed to have an edge from his very first performance, and arguably the biggest question heading into the finale was whether anybody could actually beat him.
One of the big draws that raises the stakes of America's Got Talent is that the show always touts the $1 million grand prize, which viewers (who got some big surprises out of the Season 14 finale) would naturally take to assume that winners would become millionaires due to their victory. That's not actually the case.
The $1 million prize isn't exactly awarded via giant check under a shower of confetti, but rather over a span of years or in one lump sum, and neither option will result in a winner becoming a millionaire without maximizing on their AGT fame to rake in the big bucks elsewhere.
It's not exactly a secret that AGT doesn't just shell out $1 million at the end of each season. Eagle-eyed viewers may have noticed a disclaimer that is included at the end of episodes explaining the not-so-glamorous fine print of the $1 million grand prize. Take a look:
Yes, the grand prize totaling $1 million is "payable in a financial annuity over forty years" or in a lump sum of the "present cash value of such annuity." Contestants are informed from the beginning that they won't be taking home $1 million if they win America's Got Talent, so at least it wouldn't have been a rotten surprise for Kodi Lee and his mom after he won the top prize.
Now, the actual totals per year or the lump sum depend on taxes. The lump sum would be considerably less than a cool million, according to Forbes, before taxes. The total would almost certainly be less than half a million before taxes can even be deducted.
As for the annuity over four decades, winners would receive $25,000 annually before taxes. As with the lump sum, taxes could result in the actual money taken home being significantly lower, even if the total is larger than the lump sum in the long run.
Winners who choose to take the 40-year annuity would likely need outside jobs or to make it big based on their AGT fame. The lump sum would presumably sustain winners for a time without an outside job, but not guarantee income in the future. If Season 14 champion Kodi Lee takes the 40-year option, he'll be in his 60s before the America's Got Talent payments are complete.
Whichever option Kodi Lee and his mom choose, I'm sure he'll have the resources to fulfill his dreams of having "a grand piano in every color." I'm also confident that receiving less than $1 million isn't going to stop thousands upon thousands of talented (and somewhat less talented, although I am still strangely fond of Caterpillar Man and his even more bizarre return) people taking the stage in front of the judges to try and become the next champion.
America's Got Talent is over for now, but there are still plenty of viewing options coming to NBC and the rest of the networks now that fall TV season is soon to get into full swing. Check out our fall TV premiere schedule to help plan when you can watch what you want to watch.
GLASS PLANT FACES MILLION-DOLLAR FINE: This spring, Oregons only glass recycling plant dodged a crushing blow when Portland city officials scrapped two proposed fees on carbon emissions that would have raised the plants annual tax bill by $1 million (Glass Houses, WW, Jan. 27, 2021). But now the Owens-Brockway plant faces a new problem: a $1 million fine from the state for breaking air pollution laws. The Department of Environmental Quality levied the fine last week. A DEQ spokesperson alleges that Owens-Brockway was spewing too much soot. Environmental advocates say a crackdown on Owens-Brockway, which sits on 78 acres in the Cully neighborhood of Northeast Portland, is long overdue. This disregard is a clear issue of environmental racism, given the proximity of the plant to Cully, one of Oregons most diverse neighborhoods, wrote Neighbors for Clean Air. Every glass bottle recycled by Oregons Bottle Bill goes through Owens-Brockway. A spokesperson for the plants owner, Ohio-based Owens-Illinois, says: O-I is aware of the announcement and is currently reviewing the scope but cannot provide comment on pending regulatory or legal matters.
NAOMI WOLF SLATED FOR OREGON ANTI-VAXX RALLY: Oregonians for Medical Freedom, a group opposed to vaccine requirements even before the COVID-19 pandemic, is advertising a June 9 rally at the state Capitol, headlined by Dr. Naomi Wolf, the noted feminist suspended from Twitter this week for spreading vaccine misinformation. LETS STAND AGAINST THE INJUSTICES OF THE COVID LOCKDOWNS, the online flier for the event reads. Wolf, a leading figure of third-wave feminism and author of The Beauty Myth, recently descended into conspiracy theories around vaccines. Twitter suspended her account after she suggested separating the human waste of vaccinated people from other sewage. Shell be joined at a rally opposing vaccine passports by Kevin Jenkins, whom the London-based Center for Countering Digital Hate identified as one of a dozen anti-vaccine activists responsible for most vaccine misinformation online. Also speaking: Dr. Paul Thomas, the Beaverton anti-vaxx pediatrician, who still faces disciplinary proceedings that could permanently revoke his license. Oregonians for Medical Freedom did not respond to email inquiries.
LEGISLATURE CLEARS PATH FOR POLICE OVERSIGHT:The Oregon Legislature passed Senate Bill 621 on June 7, effectively paving the way for Portland to implement a police oversight board that voters passed by a 4-to-1 margin in November. The bill amends state law pertaining to labor negotiations with public employee unions so voter-approved police oversight boards can operate in full force and effect without being subject to mandatory collective bargaining. We were honest that there were additional steps needed to ensure the new independent police oversight board would be the best it can be, said City Commissioner Jo Ann Hardesty. Ive remained committed to that process, and Im thrilled to see this next step is complete.
PORTLAND WOMAN CLAIMS MISCARRIAGE AFTER EVICTION:A Portland woman says she had a miscarriage in the car where she was living, two weeks after her being evicted this winter. On June 7, Sara Kuust and Jake Blackburn filed a $1.9 million lawsuit in Multnomah County Circuit Court, accusing their landlords of unlawful eviction, negligence and retaliation for allegedly ousting them from their rented room at the Evergreen Inn and Suites motel in January. The couple says the landlords instructed police to remove them from the premises on Jan. 16, and that after five days in other motels, the couple began living in their car. Two weeks later, according to their attorney, Kuust had a miscarriage. The lawsuit names Manmohan and Jalpaben Patel and OM JSNRN Hospitality Group as defendants. An attorney representing them declined to comment. As a result of defendants wrongful eviction, plaintiffs became homeless, the lawsuit says. After being wrongfully evicted, Ms. Kuust experienced a miscarriage while living in her car.
Online credit platform LendingTree recently examined the number of million-dollar homes found in all 50 of the biggest U.S. metro areas. Using U.S. Census Data, LendingTree analyzed the number of owner-occupied, million-dollar houses per city, then divided that by the total number of homes.
Though at No. 34, San Antonio ranks on the lower-end among the country's major metros, the number of million-dollar properties has nearly tripled over the past three years. According to a similarLendingTree report, just 0.41 percent of San Antonio homes were worth more than $1 million in 2018, placing it 39th out of the top 50.
Elsewhere in Texas, No. 11 Austin claims the biggest percentage of pricey homes (surprise, surprise), with 14,226, or 3.2 percent of all owner-occupied homes. Houston, at No. 16, comes next, with 32,167 million-dollar abodes, or 2.26 percent of the market share. The Big D checks in at No. 20; Dallas boasts 29,509 houses priced at $1 million-plus, or 1.94 percent of all owner-occupied houses in that city.
So where's the priciest place to live? That crown goes to California, which claims four of the top five cities. San Jose, where 47.29 of all houses are more than $1 million is No. 1, followed by San Francisco at No. 2. Los Angeles, San Diego, and New York City round out the top five.
Katie received a master's degree in journalism from the University of Texas at Austin and a bachelor's degree in media studies from Catholic University.Her work has appeared in Variety, Texas Monthly, and CultureMap, among others.