Even though Penny are no longer being produced, the pennies you already own are still valid.
For 232 years, the small, round copper and zinc coin known as the penny has been the lowest-denomination coin in the United States. First used in 1793, a nationwide penny shortage is now beginning to hit companies, with some stores even paying people to bring in unwanted pennies. What’s the old saying? We don’t know what we've got until it’s gone? Perhaps the penny is more important than we thought. But the old one-cent coin has struggled for respect for years. You can’t buy anything with it anymore, not even a piece of candy. Most of us just toss them in a junk drawer or glass jar. A sad penny might lie on the sidewalk all day, untouched. The U.S. Mint has produced the last batch of pennies, marking the end of an era. According to the Mint, the cost to produce each penny was 3.69 cents , hardly a worthwhile return for the taxpayer. However, by ceasing penny production, some retailers across the country are unable to make exact change due to a low or non-existent supply of penn...