Canadians –  starting Feb. 4, the Royal Canadian Mint will stop distributing pennies and instead start collecting them from banks and other financial institutions.

After Feb. 4, cash transactions will have to be rounded to the nearest five-cent increment, but electronic transactions will still be calculated down to the individual cent.

The last new penny was struck May 4 at a Winnipeg plant.

The mint has stamped an estimated 35 billion pennies from metal plates over the last century.