So you'd have to live in a cave not to know the Bank of Canada discontinued the penny back on February 4th. They said on the news that it was costing more to make pennies than they were worth, and people tended to hoard them, so they were needed to making more every year. Great, glad you're savings money. But guess what every penny hoarder on the planet thought when they heard the news? "Oh wow, my pennies are going to be worth something one day, even more reason to keep them!" Yes, pennies are discontinued, but they're not going anywhere fast, I guarantee it.