With the Federal Deficit still a problem in D.C, why not cut an additional 60.2 Million from the Federal budget by ending the production of pennies. Currently the manufacturing cost of a single penny has risen to 2.4 cents, so for every penny produced the government loses 1.4 cents in cost. Pennies would still remain in our economy, mainly in digital form (credit card exchanges and banking) but the physical form of a penny would slowly die out over time.
For more information about this issue, I ask people to watch two videos, one by Youtube user “CGPGrey”
http://www.youtube.com/watch?v=y5UT04p5f7U
And the other by another Youtube user John Green
http://www.youtube.com/watch?v=77C47XYm_3c
Keep in mind that both of these videos are over a year old so the figures have changed.