I have been thinking about something a lot lately, that being why does the United States Treasury continue production of the penny?
I think I read somewhere it costs the treasury about 3 cents to make a penny. I am not saying that the 2 cents will make a dramatic change in the economy but if you think of all the pennies made every day and you realize that the government is losing tons of money.
Another thing that irks me is that when you go to stores, you almost always see a 'Give-a-penny Take-a-penny' tray which is full of this useless tender.
Honestly how many people walking down the street will pick up a penny when they see it? (Doesn't count if you only pick it up hoping for 'good luck')
All pennies really do is take up space and cost money. Eliminate them.