After the hand-held item is sold to the villagers, the villagers will still display the item in their hands when they are empty.
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Would MC-196916 or MC-166669 happen to describe the issue that you're experiencing here?
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How long after you trading did you take this screenshot? If it is a couple seconds after buying or holding a villager trading item then it is likely the game being slow to update. They will also do this if the hero of the village effect is active. If possible send a video of you performing the bug to see how long after trading the bug happens and how long it lasts.