Same here, 1 and 2 cents will be gone and over time round by 5 if you pay with cash, no round if you pay with credit or debit card

We have seen that there are many countries that have abolished such things a long time ago, and now here in our country too, there is a five or six rupee coin. The rest have disappeared. The notes that were worth one or two rupees were abolished long ago. 

The penny has seemed pretty irrelevant for a long time now. Learning how much it costs them to make the penny and nickel makes me wonder why they haven't discontinued both already. At this point, I think every country should just have one coin, make it useful (parking meters, what not), and cool designs that are maybe changed often and can be collected. I remember when they did the state quarters for a long time, and trying to collect them all as a kid. It would be cool if the penny is actually worth something some day after discontinuation.. maybe even in my lifetime haha

These types of coins are quite very valuable. I really missed the days coins are spent 

In our country, these were abolished 15-20 years ago

"The decision to stop minting the penny marks a crossroads between tradition and modern economic realities. While it may seem like a minor change, it carries deeper implications about how our financial tools are evolving in the digital age and under economic pressure. As a coin collector, I feel a bit nostalgic, but I also recognize the logic behind this move given the rising production costs. This could be a unique opportunity for collectors to revisit what they have — and perhaps a sign that more changes are coming for other coins like the nickel. What’s happening to the penny today might be just the beginning."

I think the announcement from President Trump is actually meant to get people to start hoarding Pennies...  Because of the 100 to 1 Exchange Rate away from Fiat USD's, our One Cent Coins will increase 100 Fold in Spending Power...  More than likely, "We the People" will be returning to the use of Copper Pennies since One Pound of Copper will only cost about 5 Cents...  Don't forget that we will be adding 99 Decimal Cents to our Electronic Dollars and Cents, in order to be able to "make change" for One Cent Coins and One Cent Silver Certificates...  In other words, this will end up being the Death of the Copper Coated Zinc Pennies, not the One Cent Coins themselves...  Our One Cent Silver Certificates may be used more often than our One Cent Coins, so it is possible to that we will Mint less Pennies than we're minting now, but I don't think we'll stop issuing One Cent Coins...  And we won't be rounding off to the nearest Nickel...  Not since our Electronic Coinage will be denominated in Dollars, Cents and 99 Decimal Cents...

https://www.reddit.com/r/economy/comments/1kv5izw/one_cent_coins_are_expected_to_stop_entering/
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"Abolishing the penny is a long-overdue move — its high production cost is hard to justify in a world shifting rapidly toward digital payments and away from cash.

The coin collectors are already up in arms about this.

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oh sad news for penny coin lovers.

Ya we did that up here a few years ago.  Makes sense as nothing costs a penny anymore and copper is needed for other things as a conductor of our essential electricity!  It took a little change of process when doing a real money transaction but the cents still exist like they did before in digital format.  

I haven't seen any appreciation in the value of coins but haven't looked in collector circles.  I used to love to survey my useless collection of pennies in hopes of finding one from the 40s.