Lincoln letter to schoolboy sells for $60,000

Less than a month before the Civil War's start, a newly inaugurated President Lincoln took time from his frantic schedule to write to an Illinois boy whose classmates didn't believe he'd met the president.

A company that buys and sells historic documents sold the letter for $60,000 to a private collector and Civil War buff. The Raab Collection in Philadelphia, Pennsylvania, originally purchased the note from another collector, said Nathan Raab, the company's vice president.

The buyer, who lives on the East Coast, asked that he not be identified.