Last US cents sold at auction for a sum of $16.76 million were worth a pretty penny

To those who argue that the U S penny had no value particular coin collectors beg to differ In fact they doled out millions for the final pennies circulated in the U S before the regime ended the cent s production back in November The U S Mint sold three-cent sets for a whopping sum of million at an auction last Thursday hosted by Stack s Bowers Galleries The nd set containing the last three pennies ever made sold for That bidder also got the three dies that struck those Lincoln cents John Kraljevich director of numismatic Americana at Stack s Bowers declared it was the kind of auction where you don t know the items area value until people make their bids I ve been going to coin auctions for years and I can tell you I ve never seen anything like this because there s never been anything like this Kraljevich noted Stack s Bowers President Brian Kendrella announced They captured the citizens imagination like limited rare coins we ve ever handled When it was introduced in a penny could buy a biscuit or a piece of candy Now majority of of them are tucked away into jars or junk drawers They can also be relics of history for coin collectors Each set comprised pennies struck at the Philadelphia Mint the Denver Mint and a -karat gold penny to cap off the end of an era Each cent also bore a unique Omega symbol There were grouplets to reflect each year the coin had been embedded in American civilization American custom has incorporated the penny into our lexicon into our pop custom into all of this stuff Kraljevich revealed And I think for a lot of people the ending of production of cents for circulation is an item of nostalgia