when will the penny be discontinued

Pennies will remain legal tender, but you will be hard-pressed to find stores willing to accept them after April 1, 2023, for two reasons.

1. Do banks still take pennies in 2020?
2. Is it time to eliminate the penny?
3. Will there be a 2021 penny?
4. What is a 2020 penny worth?

Do banks still take pennies in 2020?

Yes. The penny will retain its value indefinitely. As such, consumers can use pennies for cash transactions with businesses that choose to accept them. ... Canadians can continue to deposit pennies at their financial institution.

Is it time to eliminate the penny?

It costs about 2 cents to mint a penny, so the government loses money by producing them. However, even if minting costs were zero, it would still be time to eliminate pennies, because our time is valuable and pennies waste time. ... But using a penny generally adds more than two seconds to the average retail transaction.

Will there be a 2021 penny?

2021 copper lucky penny

It's a great coin. Love the simplistic design it has.

What is a 2020 penny worth?

USA Coin Book Estimated Value of 2020 Lincoln Shield Penny is Worth $0.32 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.