1... huh! there's no cent sign on the keyboard any more.
I guess that's a clue how old I am.
Anyway. One cent was designed to be the smallest denomination back when you could buy a farm for 100 dollars or so. After all the years of inflation since then, it is clear that if they could survive with no lower denomination then, that we could survive without the penny now. And the nickel and the dime, as well. Things do not need to be priced with such precision. It is a waste of time and resources.