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The humble United States penny, which is often dismissed as being short pricehas recently eagerly ordered millions of collectorsAfter the government’s decision to close St, Production In November, the last money circulating in the US was seized auction,
The U.S. Mint sold 232 three-cent sets for the astonishing sum of $16.76 million in an auction held by Stacks Bowers Galleries last Thursday, which included the last three pennies ever made and sold for $800,000.
The successful bidder for this historic set also acquired the three dice used to strike them lincoln St.
John Kraljevich, director of numismatic Americana at Stacks Bowers, described the event as unique.
“I’m going to put the coin in auction For 40 years, and I can tell you, I’ve never seen anything like it, because nothing like it has ever happened,” Kraljevic said.
Brian Candrella, president of Stacks Bowers, said: “They have captured the public imagination like few of the rarest coins we have ever handled.”
Each set included 2025 pennies struck at the Philadelphia Mint and the Denver Mint, as well as a 24 karat gold penny. Each cent is also marked with a unique Omega symbol, reflecting their role as the cornerstone of a two-centuries-long legacy that first began with the Chain Cent in 1793.
232 “Grouplets” were created each year to reflect how assimilated the coin has become into American culture.
Whereas a penny could buy a biscuit or a piece of candy when introduced in 1793, most pennies are now locked away in jars or junk drawers. Nevertheless, for coin collectors, they remain cherished relics of history.
Kraljevich highlights the deep cultural integration of the penny: “American culture has incorporated the penny into our vocabulary, into our popular culture, into all these things. And I think for a lot of people, the end of the production of cents for circulation is a matter of nostalgia.”