The final batch of pennies ever produced for everyday circulation just went under the hammer, fetching $16.76 million at auction. It's a symbolic moment. As governments phase out low-denomination physical currency, the shift highlights a deeper economic reality: the era of traditional cash-only economies is fading. This backdrop makes the rise of digital and decentralized financial systems even more noteworthy. Whether it's stablecoins, blockchain-based payment rails, or crypto adoption in emerging markets, the infrastructure for currency beyond banks and mints is accelerating. The auction of these last pennies feels like a marker—one chapter closing, another beginning.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
OnlyUpOnly
· 12-19 04:07
The last batch of coins sold for 16.76 million. In other words, it's the death knell for traditional currency.
View OriginalReply0
WalletDivorcer
· 12-18 12:51
Over 100 million to buy the last coins? Might as well go all-in on Bitcoin directly, it's really outrageous.
View OriginalReply0
LazyDevMiner
· 12-17 00:23
The last batch of coins worth $16.76 million... Is this to hype up Web3? Haha
View OriginalReply0
SerumSquirter
· 12-17 00:22
$16.7 million to buy a bunch of outdated coins, really funny. But on the other hand, this is a signal — traditional currencies are indeed declining, and we need to jump on Web3 quickly.
View OriginalReply0
ColdWalletGuardian
· 12-17 00:18
The last batch of pennies sold for 16.76 million. What does this indicate? The cashless era has indeed arrived, but what I care more about is how much inspiration these remnants of traditional finance can give to Web3...
View OriginalReply0
BuyTheTop
· 12-17 00:16
The last batch of circulating coins sold for 16.76 million. Is this deal worth it? Anyway, I don't understand.
View OriginalReply0
UnluckyMiner
· 12-17 00:02
The last batch of pennies sold for 16.76 million, quite ironic... Physical currency is dead, yet we have to survive on that little liquidity on the chain? Laughs
The final batch of pennies ever produced for everyday circulation just went under the hammer, fetching $16.76 million at auction. It's a symbolic moment. As governments phase out low-denomination physical currency, the shift highlights a deeper economic reality: the era of traditional cash-only economies is fading. This backdrop makes the rise of digital and decentralized financial systems even more noteworthy. Whether it's stablecoins, blockchain-based payment rails, or crypto adoption in emerging markets, the infrastructure for currency beyond banks and mints is accelerating. The auction of these last pennies feels like a marker—one chapter closing, another beginning.