The penny is going away because it costs more to produce than its face value and usage of cash is shrinking, so keeping producing them is no longer cost- effective for the government. In the United States, the Mint has stopped producing new pennies, and existing pennies remain legal tender but new production has ended. As pennies disappear from circulation, many businesses are expected to round cash transactions to the nearest five cents, while electronic payments remain unaffected. Overall, the change aims to save government money and reflect a cashless trend in everyday transactions.
