and consider the nickel due to the cost being 2.4 and 11 cents per coin to mint.
In a Capitalist economy no one in their right mind would make something that costs more than it is worth, and yet that is exactly what the government of the country of capitalism and innovation is doing. Please follow other countries such as New Zealand, Australia, The Netherlands, and even our neighbor Canada. None of these countries have seen any sort of rise in prices or inflation. So please President Obama strongly advocate for the abolition of the penny and nickel.