Keep the pennies – they are worth millions of pounds, charities say

Scrapping 1p and 2p coins will damage fundraising for smaller charities, sector warns

Scrapping 1p and 2p coins would damage smaller charities that rely on traditional bucket collections for the majority of their funding, the sector has warned.

The future of copper coins is in doubt after the Treasury suggested it would consider scrapping them as consumers rely more on contactless payments than cash.

Related: Brassed off! The backlash against binning 1p and 2p coins

Campaign to retain the 1p coin starts now. To abolish penny would be to give into inflation and to trash 1000 years of history. #soundmoney