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Stop minting the penny. It is obsolete and each zinc and copper coin costs 2.41 cents to produce and distribute.

Created by K.S. on April 06, 2014

Why is the United States is still minting pennies when so many economists agree they are economically inefficient and can't even be used for certain coin-operated machines, such as toll booths. Each zinc and copper coin costs 2.41 cents to produce and distribute, according to the mint. When production cost is added to the opportunity cost of using the penny economists say that the penny drains almost $900 million from the national economy every year.

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