(NewsNation) — Mourners gathered at the Lincoln Memorial in Washington, D.C., on Saturday to pay their respects to the penny after it was phased out of production by the U.S. Mint in November.

The “very serious funeral” was hosted by Ramp, an expense management platform, with the goal of commemorating the one-cent coin. A partiful post promoting the event encouraged those attending to BYOP, bring your own penny, adding that “this was not a retirement, it was a murder.”

A widespread penny shortage following the phase has left many U.S. stores feeling the pinch, forcing businesses to round up or down on transactions.

The Trump administration decided in May to phase out the production of new pennies. Last year, the U.S. Mint reported that it cost 3.69 cents to produce the penny, a 20% increase from the previous year.

But while the coin may not be cost-effective to make, coin collectors still see some value in the copper cent. The Associated Press reports that the U.S. Mint sold 232 three-cent sets for a whopping sum of $16.76 million at an auction last Thursday hosted by Stack’s Bowers Galleries.