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New York • A first edition of The Book of Mormon has sold at auction for more than $50,000.

Swann Auction Galleries in Manhattan says the rare 1830 edition was sold Tuesday for $52,500. The buyer's name was not released, but according to KUTV, he lives in Draper and has identified himself as "Matthew K." The item had an estimated presale price of $40,000 to $60,000.

"I'm glad it's back in the hands of a member of the LDS church," Matthew K. said in KUTV's story.

The first edition of the signature scripture of The Church of Jesus Christ of Latter-day Saints was published in Palmyra in western New York, where church founder Joseph Smith had a family farm.

Mormons believe Smith translated the Book of Mormon from metal plates he found in nearby hills.