Hundreds gathered at the Lincoln Memorial in Washington, D.C., on March 15, 2024, to participate in a mock funeral for the penny, marking the end of an era for the iconic one cent piece. This event took place just one month after the U.S. Mint printed its final penny, a move that has sparked discussions about the future of currency in the United States.
The ceremony was organized by Ramp, a financial technology company that focuses on automating spending for businesses. Attendees witnessed actors dressed as Abraham Lincoln carrying a casket, into which mourners tossed their pennies as a symbolic farewell. The mock funeral provided a light-hearted atmosphere, contrasting with the solemnity typically associated with such events.
Amber Joy Layne, a creative producer for Ramp, explained that the event aimed to create a memorable experience, blending humor with the occasion. In her words, the goal was to engage the public in a “silly moment.” Jarell Mique, co-producer and field producer, was responsible for assembling a team of actors and comedians, contributing to the festive spirit of the gathering.
The decision to cease minting new pennies came after President Donald Trump ordered the U.S. Treasury to halt production due to rising costs, which had reached nearly 4 cents per penny. Despite the end of new production, billions of pennies will remain in circulation, retaining their status as legal tender in the U.S.
The event highlighted the cultural significance of the penny, which has been a staple of American currency since its introduction in 1793. While some attendees expressed nostalgia for the coin, others welcomed the decision as a necessary step in modernizing the currency system.
As the crowd dispersed, many reflected on the changes in how society views money and the role of small denominations in everyday transactions. The mock funeral served not only as a farewell to the penny but also as a reminder of the evolving landscape of currency in the digital age.
Overall, the event was a unique blending of history, humor, and community engagement, bringing together people from various backgrounds to celebrate a piece of American heritage. The penny may be departing from production, but its legacy will likely endure in the memories of those who attended this unusual farewell.
