A pretty penny: Last US cents sell for $16.7 million
ABC News••business
Key Points:
- The final minted set of 2025 pennies, including coins from the Philadelphia and Denver Mints and a 24-karat gold penny, sold for over $16.76 million at auction by Stack’s Bowers Galleries.
- Each set featured an omega symbol “Ω” marking the end of penny production, with 232 sets sold, averaging over $72,000 per lot; the last set sold for $800,000.
- The U.S. Mint ceased penny production in November due to the cost outweighing the coin's value, with an $85.3 million loss reported in fiscal year 2024.
- President Donald Trump had previously instructed the Treasury Secretary to stop producing pennies, citing wasteful expenses exceeding two
