No.
It is ridiculous that we are at a point where getting rid of the penny would make sense.
Prices would inevitably be rounded UP to the nearest 5¢ while wages would be rounded down or remain unchanged.
We've come to the point where the penny is worth less than the copper it's minted on. So someone can now make big bucks by collecting pennies, melting them, and sell them to the US Mint (or the mint of any other country). So either they design pennies that shrink in radius every ten years, or they abolish it entirely.