How Much is a Penny Worth?

You have probably heard that the last pennies have been made.  They cost too much to make and have become pretty much irrelevant. But the last pennies made? They made their mark because they sold for close to $1.7 million.

There were two final sets made at the mints in Philadelphia, Pennsylvania and in Denver, Colorado. In Philadelphia they created a 24-karat gold penny and the two last sets included the three dies used to make the last pennies.(Penny pictured below)

Pennies have been produced for 232 years and the first one was produced in Philadelphia also.  The last coin to be eliminated was the half-cent in 1857 and we all remember how that went.  It is expected that the cancellation will save the government around $56 million a year.

But you haven't see the last of the penny.  They can still be found in parking lots and gas stations all over the country.  It is estimated that people have hoarded 300 billion pennies and sooner or later we'll probably see those come out.

How much is a penny worth today? Not much, but it's always been worth that much. In the future if someone says to you, "A penny for your thoughts?" You may want to take the penny, because I'm thinking we're not going to be getting many of them in the future.