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Take your pennies to the bank now – most banks allow you to cash them in at face value, and this will prevent a pile of pennies from taking up space when they go out of circulation.

But by 2006, the cost of the coin's two components, zinc and copper, had overtaken the face value, and the penny's fate was sealed. This is "sad news," said Rick Hutzell in The Baltimore Banner.

Weller further said that ditching the penny could lead to the cost of goods going up for American consumers. A pile of U.S. pennies is seen, Feb. 10, 2025, in Washington.