The US minted its last penny. See how the coin evolved throughout its 232-year history.

The last US penny was minted on November 12 and will be auctioned off.Matthew Hatcher/Getty ImagesThe US minted its last penny on November 12, ending a 232-year tradition.The Treasury said it was ending penny production due to high costs and limited practical use.Rare penny editions, like the 1943 Lincoln cent, remain valuable to coin collectors.The US penny is officially dead.First produced in 1793 during the early days of the US Mint, the penny was the oldest and longest-lasting US coin in circulation. That was until yesterday.On November 12, the coin was minted for the last time.The US Treasury Department had announced the decision to phase out America's oldest coin back in May, citing its current lack of practical use and the production costs, which totaled nearly 4 cents for every penny made, per the Congressional Research Service.The penny saw countless variations in its 232 years, from short-lived designs to mistake mints. Some editions, often minted in smaller batches or in error, were much rarer than others.The record for the most expensive penny ever sold was set in 2010 when an anonymous buyer paid $1.7 million for a 1943 Lincoln cent that was accidentally minted in bronze instead of copper, per Professional Coin Grading Service.Coin collectors know just how dense US coinage history can get, but we found some of the faces that defined the one-cent coin's history.Here are some of the most well-documented versions of the penny that existed throughout its long history.The Fugio CentYaroslaff/ShutterstockYears minted: 1787The Fugio Cent was the first coin issued by the US Congress, per the Federal Reserve.The coin, considered the first type of penny, is thought to have been designed by Benjamin Franklin.The Flowing Hair penny, or the Chain CentScott Olson/Getty ImagesYears minted: 1793The copper Chain Cent was the first official large cent in circulation, and it was the first coin issued by the US Mint after it was established by the Coinage Act of 1792.The Coronet large centH M Thompson/ShutterstockYears minted: 1816-1857Issued during the first half of the 19th century, the Coronet large cent showed a young Lady Liberty and was larger than modern penny coins.Flying Eagle CentClaudio Divizia/ShutterstockYears minted: 1857-1858The small cent, issued starting in 1857 with a flying eagle, replaced the large cent in US coinage. It was the first of the smaller US penny coins and was made of 88% copper and 12% nickel.Indian Head CentDaniel D Malone/ShutterstockYears minted: 1859-1909Featuring a version of Lady Liberty wearing a Native American headdress, this small coin was the last to not feature Abraham Lincoln.The Lincoln Wheat PennyDennis W Donohue/ShutterstockYears minted: 1909-1958One hundred years after the birth of Abraham Lincoln, the US Mint commemorated his life with the Lincoln Penny, which would become the penny's most iconic face.Zinc Lincoln Wheat PennyH M Thompson/ShutterstockYears minted: 1943During World War II, pennies were minted on zinc-coated steel instead of copper as the US reserved copper for wartime use.The Lincoln Memorial centLex Kryuchin/ShutterstockYears minted: 1959-2008One of the most recognizable pennies is the Lincoln Memorial penny, which was minted billions of times every year between 1959 and 2008, per the Department of the Treasury.Union Shield centKarSol/ShutterstockYears minted: 2010-2025The last ever penny in production was the Union Shield cent, which entered production as a copper-plated Zinc coin.The Union Shield penny began production after a one-year run of four different penny designs commemorating Lincoln's bicentennial in 2009.Read the original article on Business Insider

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