Successful Coin Collector has Iowa Roots
CEDAR RAPIDS (AP) - A man who recently auctioned his coin collection for nearly 11 million dollars got his start in eastern Iowa.
Walter Husak says his passion for coin collecting began five decades ago, as a 12-year-old visiting his grandparents in Cedar Rapids, Mechanicsville and Tipton.
Through the years Husak squirreled away rare Buffalo nickels and Indian head pennies, and eventually his collection included some of the country's rarest coins.
He went on to create an aerospace parts manufacturing company and now lives in Burbank, California. Recently Husak decided to sell 299 of his large cents to pay off some real estate debt. Large cents are antique copper coins about the size of quarters that were first minted in the late 1700s.
Husak says he was ``scared to death'' of losing money on his coins. In the end, Husak estimated that he more than doubled his investment.