Historic Church Auctioning Off Rare Psalm Book

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An historic church in Boston, Mass., is hoping to raise $20 million by auctioning off one of the first books published in America.

The Bay Psalm book was published in 1640. Only 11 copies of the book remain.

Members of the Old South Church in Boston voted to sell one of its two copies of the book.

The congregation also voted to sell a portion of its Colonial era silver collection that has ties to Paul Revere.

"We will continue to cherish this heritage of the church. These items however are not the soul of what our church is about," Phil Stern, a member of the church's board of trustees, said.

"We know they were given for a purpose and we are hoping to convert those assets now for a purpose," he added.

The church said the money from the sales will go to outreach projects and renovations. Some of the money will also be put into an endowment to use in the future.

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