Learning about the laws and legislation surrounding the U.S. penny is paramount to any copper penny investor. We have provided you with direct-to-government document website links that cover everything from existing laws like the do not melt pennies law, proposed laws such as changing the penny composition to steel or eliminating the penny, and study laws like the Coin Modernization Act of 2010. You can view the different laws by going to our section on U.S. Penny Laws: