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California Coin Auction Shatters Records, Nets $16 Million

12/15/2025

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Summary

Story summary

The California coin auction set a record, becoming the highest-value sale of special coins on behalf of the U.S. Mint, selling 696 one-cent coins for more than $16 million on December 11, 2024.
President Donald Trump directed halting penny production as a cost-cutting measure.
The sale included 232 three-coin sets and a 24-karat gold penny, with the final lot at $800,000.
Existing pennies will remain in circulation.

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Story summary

The California coin auction set a record, becoming the highest-value sale of special coins on behalf of the U.S. Mint, selling 696 one-cent coins for more than $16 million on December 11, 2024.
President Donald Trump directed halting penny production as a cost-cutting measure.
The sale included 232 three-coin sets and a 24-karat gold penny, with the final lot at $800,000.
Existing pennies will remain in circulation.