1793 Penny Worth $1 Million

 
on January 08 2012 8:26 AM

A 1793 penny has sold for $1 million.

A buyer paid $1 million for the mint-condition penny at an auction in Florida on Saturday.

The one-cent copper coin was minted in 1793 -- the first year the United States made and distributed coins. It is reportedly in rare and perfect shape, with no wear on lettering or other features including the Lady Liberty face. 

The $1 million for the penny was paid at a Florida auction, the Orlando Sentinel reported. The final bid was made by an unnamed buyer, the newspaper said, and it is one of the biggest sales ever made at the Florida United Numismatics coin show and annual convention. The coin show, with some 600 dealers in attendance, runs through Sunday. 

Among the items featured at the coin show are Buffalo nickels, misprinted cash and Confederate notes, according to The Associated Press.

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