Yes. But if you show up at a store with a one-cent piece in Australia or New Zealand, the merchant doesn't have to take that as currency because they are no longer considered legal tender. They still price things to the one one-hundredth of a dollar, but if you try to use that penny, it's not recognized, right? Am I not correct? It's just a piece of metal.
On June 5th, 2012. See this statement in context.