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Yes they do. And it’s an actual problem in the US, for example, where the cost of the copper to produce the pennies is higher than what they are worth at face value. Of course there’s a lobby effort (Save the Penny or something) that keeps the treasury making pennies, but it’s an anomaly.
Leshaches-
They changed the 1p coin from bronze to copper plated steel for this reason.
https://www.royalmint.com/discover/uk-coins/coin-design-and-specifications/one-penny-coin/
ffm
Then my pennies have more intrinsic value than my fivers