The penny is useless. The "1 cent" coin was removed in New Zealand, the Netherlands, and Canada.
Why?
Because it's useless. The Penny costs more to make than the actual final value!
Washington Post:
"In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8 cents, nearly twice its face value. Nickels cost twice as much as dimes – 9.4 cents vs. 4.6 cents – despite being worth only half as much."
They're useless! Both the nickle and penny! And they waste money and no one uses them! Why do they still exist in the coin-making process?
It's time to stop making the penny.