The US spends $0.016 to mint a Penny and $0.09 to mint a Nickle. Since the US minted 6,015,200,000 Pennies & 1,023,600,000 Nickles in 2012 at a cost of $96,243,200 & $92,124,000. That is a net loss of $77,035,200. It is also estimated that Americans spend billions of dollars in time dealing with pennies. Since US overseas military bases have already joined the likes of Canada and other countries who have successfully removed the penny from production with no adverse affects (other than saving almost $100 million a year, I think we should to.
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