Go back to the enewsletter Mandarin Oriental Hotel

first_imgGo back to the enewsletterMandarin Oriental Hotel Group has taken over management of CastaDiva Resort & Spa, an existing resort on Lake Como, Italy. The property will be rebranded as Mandarin Oriental, Lake Como in spring 2019 following a refurbishment of facilities. It will become Mandarin Oriental’s first resort in Western Europe and will complement the Group’s Milan hotel.Located on the shores of Lake Como and surrounded by botanic parkland, the resort is a landmark of historic importance comprising 76 rooms and suites housed in nine villas, dating from the 19th century. Two of the villas will be bookable in their entirety giving guests their own private retreat.Villa Amina Lake ComoAlmost all accommodation has lake views from either a balcony or terrace. The resort features four restaurants and bars, including a lakeside terrace for al fresco dining, a large spa with an indoor swimming pool and an outdoor floating pool on the lake. There’s also a variety of social and meeting facilities in the resort’s grounds.“We are delighted to be extending the Mandarin Oriental brand to the shores of Lake Como which has long been a destination of choice for luxury travellers. We look forward to bringing the Group’s exemplary service to the resort and to working with our partners to create one of Italy’s most exclusive properties,” said James Riley, Group Chief Executive of Mandarin Oriental Hotel Group.CastaDiva Resort & Spa was acquired in 2017 by funds managed by Attestor Capital LLP. According to its website, the property is currently part of the Small Luxury Hotels collection.Go back to the enewsletterlast_img read more

Extremely Rare Penny Found in Boys Lunch Money Now Worth a Fortune

first_imgBack in 1947, a boy named Don Lute Jr. from Massachusetts found a curious penny among the coins he got as change from buying his lunch at a high school cafeteria. He held onto it for the next 70 years and passed away without knowing that he could potentially get $1.7 million for the penny! That is the price a similar penny of this kind sold for in a 2010 auction. Lute’s penny had been lying together with the other rare specimens he had been collecting throughout his life. The penny is now soon to be auctioned and is expected to fetch at least a million but the sky is the limit.The coin he was holding onto was made in 1943. It shows Abraham Lincoln, it is made of copper and is known as the most famous error coin in American history.Abraham LincolnInfatuated collectors and lovers of numismatics have been in search for these types of coins for decades now. It is a rarity to come across one that is not fake, as only 20 of them have ever been circulated on the market.The story of the production of this rare coin dates back to the second world war. Back then metal was carefully handled and rationed as many types were needed to produce weapons.1909-S Lincoln centThat was prioritized over anything else. Copper was a strategic metal at this point in time and played a major role in producing shell casings and telephone wire, among other things.The Treasury Department authorized the US Mint to start producing steel coins that were coated in zinc and replace the copper that was used beforehand.1944-D steel centThe “steelies”, white coated pennies, were still circulating, even when the war was over, until almost every one of them was snatched by coin collectors in the 1960s. However, while producing the new coins a handful of copper ones were made by mistake and got lost among the newly produced “steelies”, without the Mint noticing they were released into circulation. Rumors about these extremely rare specimens started to circulate the same year of their production.1955 doubled-die centThis sent the nation into a frenzied search for the “mistake pennies”. As Heritage Auction Inc. reports: “Stories appeared in newspapers, comic books, and magazines and a number of fake copper-plated steel cents were passed off as fabulous rarities to unsuspecting purchasers.” They have added: “Despite the mounting number of reported finds, the Mint steadfastly denied any copper specimens had been struck in 1943.”Photo Courtesy Heritage Auctions.One of the rumors claimed that Henry Ford was searching for the coins and offered a brand-new car in exchange for one of them. Upon hearing this, Don Lute Jr. was told that the coin he had was worth nothing.Upon inquiring with the Treasury Department, he got a standard reply that was sent to all people who were asking about these 1943 coins.The answer is reported by Heritage Auction Inc. and it went: “In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943. All pennies struck in 1943 were zinc coated steel.” Upon finding this out Lute stopped thinking about it and just let the coin sit in his collection.Read another story from us: The Pitch Drop is the Longest Running Lab Experiment in HistoryAt the same time other coins started to appear. In 1953, 14-year-old Marvin Beyer was reported to have one of the error coins. His father gave it up for auction only to withdraw it later, but it still made the news. Beyer sold his coin privately for $40,000. Lutes passed away in September without even dreaming about the worth his coin might reach at an auction that will soon take place.As Fox News reports, Sarah Miller working for Heritage Auction Inc. said: “This is the most famous error coin in American numismatics and that’s what makes this so exciting.”last_img read more