What's happened
The final batch of US pennies, marking the end of a 232-year era, sold for $16.76 million at auction. The set included pennies from 2025 struck at different mints, with one in 24-karat gold, and featured a Greek Omega symbol. The US stopped penny production in November due to rising costs.
What's behind the headline?
The auction of the last US pennies underscores the cultural and economic significance of coinage as a symbol of national identity. The high bid reflects collector interest in rarity and history, especially as the penny's production ends due to cost inefficiencies. This move signals a shift in US monetary policy, emphasizing cost-saving measures over tradition. The inclusion of a gold penny and the Omega mark highlights the symbolic closure of an era that began in 1793. The auction's record-breaking total indicates a strong market for numismatic collectibles, but also raises questions about the future of small-denomination coins in the US economy, which has long debated their practicality amid rising production costs.
What the papers say
The New York Post reports that the last pennies sold for $16.76 million, highlighting the record-breaking nature of the auction and the cultural significance of the coins. The Independent emphasizes the rarity and public fascination with the final set, noting the inclusion of the gold penny and the Omega symbol as symbolic markers of the end of an era. AP News provides context on the decision to cease penny production, citing economic factors such as the US Mint's losses and political decisions made under President Trump, who in 2024 instructed the halt due to cost concerns. All sources agree that the auction captured public imagination and marked a historic moment in US numismatics, though they differ slightly in tone—ranging from celebratory to analytical.
How we got here
The US Mint began producing pennies in 1793, with the coin becoming a staple of American currency and culture. Rising production costs, which exceeded the coin's face value, led President Trump in 2024 to halt penny manufacturing. The final pennies were struck in November 2025, ending a long history of circulation.
Go deeper
Common question
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Why Did the US Stop Minting Pennies?
The US has officially ceased production of pennies as of November 2025, ending a 232-year tradition. This decision was driven by rising costs and economic considerations, making many wonder about the future of US currency. In this page, we'll explore why the penny was discontinued, what makes the last pennies so valuable, and what this means for collectors and the economy.
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Why Did the US Stop Making Pennies? The End of an Era Explained
The US penny has been a staple of American currency for over two centuries, but recent developments have brought its production to a halt. Curious about the history behind US pennies, why they were discontinued, and what makes the final set so special? Read on to discover the story behind the pennies, their value, and what the future holds for US coinage.
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The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion.
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