Pennies will continue to be in circulation and can be used, deposited or kept indefinitely. There just won't be as many.

One (1) cent coin United States, 1787 Obverse Image: Sundial below sun. Obverse Text: FUGIO / 1787 / MIND YOUR BUSINESS Reverse Image: 13 interlocking rings. Reverse Text: UNITED STATES / WE ARE ONE ...

It costs 3.69 cents to make a penny, whose value is just one cent, according to the U.S. Mint’s fiscal 2024 report. Last year alone, the penny’s production resulted in a loss of $85 million ...

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The value of the 1-cent coin has been debated for decades.