A penny is a penny, right?  If you have one in your pocket, it's worth all of one cent.  Unless you have a very rare penny.  One major collector just shelled out more than a $1 million for a $.01 piece.

FOX News Radio's Sal Giangrasso reports:

When is a penny worth more than a million bucks?  When it was minted in 1793.

(Song) "Brighter than a lucky penny when you're near..."

A $.01 copper coin from the earliest days of the U.S. Mint fetched $1.3 million at an Orlando, Florida auction.  Texas-based Heritage Auctions claims it's the most a United States copper coin has ever sold for at auction.

It's rare because it wasn't in circulation and is in excellent shape, showing no wear on its lettering, its Lady Liberty face or the wreath on its back.

Sal Giangrasso, FOX News Radio.