10 rare pennies fetch $1.1M at auction.

When inflation is taken into account, a collection of 10 pennies that sold this week at auction would have been equivalent to $3.02 in today's money when they were first produced at the turn of the 20th century.

But the collection recently sold for a huge premium.

According to a news release issued by GreatCollections in Irvine, California, on Tuesday, they made a staggering $1.1 million in total. 

According to Ian Russell, president of GreatCollections, "one of the 10, a first-year-of-issue Lincoln cent from 1909 with designer Victor D. Brenner's initials, 

V.D.B., on the "tail's side" sold for $365,625, a record price for that piece.

"Four more pennies, all in outstanding condition and dating from 1909 to 1915,

brought more than $100,000 each."

President Abraham Lincoln, who was elected in 1861 and slain in 1865, is renowned for guiding the nation through the Civil War and issuing the Emancipation Proclamation.

One hundred years after his birth, in 1909, he made his debut appearance on a US cent.