The penny has almost no purchasing power today, and the price to make the pennies is 1.26 cents! less than the face value.
The U.S. Mint makes an average of 20.27 million pennies per day to produce its 7.4 billion penny annual output. If we just get rid of the penny, the Mint would only have to do half the work! And we're not even counting the time, fuel, expense, and hassle of carting all of those pennies around to the banks, merchants, etc. If we stop making pennies in the first place, we save all this associated time and trouble, too.
They don't buy anything, many people just throw them away, and nobody wants to use them, so let's just get rid of them
The average American wastes 2.4 hours a year handling pennies, or waiting for people who handle them.



