The end of the U.S. penny production marks a significant change in the nation’s currency system, but it does not mean the penny is disappearing overnight. Although the U.S. Mint has stopped producing new pennies, the billions already in circulation remain legal tender and can still be used for purchases, bank deposits, and everyday transactions.

The penny has been part of American history since the U.S. Mint was established in 1792. Originally, the coin featured a depiction of Liberty represented by a woman with flowing hair. In 1909, Abraham Lincoln became the first real person to appear on a U.S. coin. Today, Lincoln remains on the front of the penny, making it one of the most recognizable coins.

Did you know?

• There are still over 300 billion pennies in circulation across the United States.
• Pennies are still legal tender and can still be used for purchases and deposits.
• Pennies that are minted before 1982 are primarily made of copper and can be worth more than their face value to collectors.

What to do with your pennies

• Use them for purchases: Spend your pennies at businesses while they continue to accept them.
• Take them to the bank: Deposit them at your local branch or exchange the money for currency.
• Check for valuable pennies: Pennies made before 1982 contain more copper and may have a value beyond one cent.
• Save a few for keepsakes: Holding onto a few pennies can be a great way to remember the historical milestone in U.S. currency.

As cash usage continues to decline, the end of the penny production is another step in the gradual shift towards digital payments. Consumers may notice some businesses rounding cash transactions to the nearest five cents, but pennies will continue to be accepted and deposited at financial institutions

Although the U.S. Mint is no longer producing new pennies, First Keystone Community Bank will continue to accept pennies. Customers can bring their spare pennies to any branch as part of their regular banking needs.

Whether you’re depositing spare change, opening a new account, or looking for convenient banking services, First Keystone Community Bank is here to help. Visit your local branch and learn more about our banking, payment solutions, and financial services that can help you navigate today’s financial setting.