Dear, President Obama & the Obama Administration
I'm writing you today in an effort to do away with pennies as well as nickels. Taxpayers lost $105 million dollars on pennies and nickels last year. In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8 cents, nearly twice its face value. Nickels cost twice as much as dimes – 9.4 cents vs. 4.6 cents – despite being worth only half as much. Pennies and nickels have always been more expensive on a per-dollar basis than dimes and quarters seeing how it takes a lot more metal to make 100 pennies than it does to make four quarters. $105 million dollars that could have been pocket change compared to last year’s budget deficit of $680 billion.