WEST ALLIS, Wis. (CBS 58) -- Penny pinching may soon take on a new meaning as the last batch of the 1 cent coins was produced on Wednesday, Nov. 12 by order of President Donald Trump. Pennies stopped being produced because of their cost, according to President Trump, a process he described as "wasteful" since pennies cost about 4 cents to make.

When they were first introduced in 1793, 1 cent could buy you something small like a candy or a biscuit. Now, these coins may be worth more as a memory of the past.

Billions of pennies remain in circulation, but as of now, 232 years after their inception, penny production is no more. When people heard pennies wouldn't be made anymore, they started calling "Bob's Coins & Collectibles."

Leticia Sobczak is the co-owner who said recently, several people have been calling looking for rolls more than usual. So, everybody’s thinking these are going to have value. However, pennies made after 1982 aren't as valuable since they're made out of primarily zinc, instead of copper, like ones made in years prior. It could be decades or hundreds of years before 2025 pennies are worth anything, unless the price of zinc skyrockets.

Coin collector Steve Werlein was thumbing through coins at Bob's Coins & Collectibles, looking for a 1916 D Mercury dime.

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He said he has a couple of hundred coins with the oldest being from 1892, and the most valuable worth several thousands of dollars.

"That's as close as I'll ever come to treasure hunting," he shared.

The pastime of coin collecting can bring all sorts of emotions; according to Werlein, it's relaxing, enjoyable, and sometimes frustrating.

For those looking to get into coin collecting, he recommends looking at different qualities including the coin's condition.

"How rare are they, and what was going on in history at the time the coin was made, you know, I imagine those coins could talk. They could tell you a lot of interesting stories," said Werlein. 

If you have pennies between your couch cushions and are wondering how much they're worth, you can find out on this website. 

To counteract the removal of penny production, stores like Kwik Trip are now rounding down to the nearest nickel because pennies are starting to be hard to come by. Other big chains, like Kroger to McDonald's, are encouraging electronic payments and exact change, or say they'll also round to the nearest nickel.

The penny now joins the half-cent in discontinued coins, from 1857. While the penny costs about 4 cents to make, a nickel -- according to the AP -- costs nearly 14 cents, a dime costs 6 cents, and a quarter nearly 15 cents to produce.