The penny will soon be nothing more than a thought as the Royal Canadian Mint prepares to strike the last one Friday.
The lowly penny will slowly roll its way from wishing wells, jars, small-change purses and cash registers as the federal government stops minting them to save money.
The ceremonial final coin strike is expected to take place at 11 a.m. at the mint in Winnipeg, Man.
Finance Minister Jim Flaherty, who announced the end of the coin in his March budget, will be on hand to mark the historic event.
If you're a coin collector and you're wondering what's going to happen to the country's last penny, you will need to wait until tomorrow.
Mint spokeswoman Christine Aquino said the future of the last penny is part of Friday's event.
The penny has been in use in what is now Canada since 1858 when the decimal system was adopted. The first coins in the Dominion of Canada were issued in 1870.
The first Canadian-minted penny was in 1908 when the British Royal Mint opened a branch in Ottawa.
About 35 billion pennies have been issued since then, more than half of them in the last two decades.
The federal government decided to put an end to the penny with Flaherty calling it "a currency without currency" that cost taxpayers 1.6 cents for each coin minted, or $11 million per year.
Cash transactions will soon be rounded to the nearest five-cent increment.
If a coffee costs a $1.27, it will be rounded down to $1.25, but if that coffee costs $1.28, it will be bumped up to $1.30.
Transactions involving debit cards, credit cards or cheques will still be calculated to the cent.
Although there's no "end date" for the use of the penny, the government advises anyone wanting to cash them in to roll them up and take them to a bank.
