UPDATE: A mock funeral for the penny took place today, December 20, 2025, at the iconic Lincoln Memorial in Washington, D.C., marking the end of the beloved one-cent coin’s production. Attendees gathered to mourn as Ramp, a financial management platform, hosted the event following the official cessation of penny minting.
The ceremony featured actors portraying historical figures, including Mary Todd Lincoln, who delivered a poignant eulogy, and Abraham Lincoln, whose likeness graced the now-defunct coin. A striking portrait made entirely of pennies depicting Lincoln was prominently displayed, capturing the significance of the moment.
Crowds surrounded a casket as speakers shared their sentiments about the penny, highlighting its long history of over 230 years as part of American currency since its inception in 1792. The event drew an eclectic mix of characters, including portrayals of George Washington, Thomas Jefferson, and even John Wilkes Booth, Lincoln’s infamous assassin.
The funeral follows the ceremonial striking of the final penny by Treasury Secretary Scott Bessent last month, marking a historic end to the coin’s production, which has become increasingly impractical. Each penny now costs nearly 4 cents to produce, making it a financial burden to continue its minting.
In a memorable twist, attendees also included individuals dressed as Pennywise, the clown from “It,” and even Santa Claus, adding a unique flair to the solemn occasion. Ramp economist Ara Kharazian delivered an “autopsy report” on the penny’s economic demise, providing insights into the factors leading to this momentous decision.
Former President Donald Trump announced plans to halt penny production earlier this year, stating, “For far too long, the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” on his platform.
The gathering at the Lincoln Memorial serves as more than just a farewell to the penny; it reflects a broader shift in consumer behavior towards digital transactions, rendering the once-cherished coin obsolete. This mock funeral not only marks the final chapter for the penny but also symbolizes a significant transformation in American currency.
As attendees threw pennies into the casket, the emotional weight of the moment resonated through the crowd, reminding everyone of the penny’s role in American life.
What happens next? As the nation moves forward without the penny, experts will closely monitor the economic implications and potential changes in consumer habits. Stay tuned for further updates on this developing story as the effects of this historic decision unfold.
