Stop wasting money by minting pennies

In light of our government's over spending and inability to balance the budget, we the people demand a halt be put on minting pennies. In this day and age the penny is a pointless and quite literally worthless form of currency, as it cost well over twice as much to mint as its actual monetary value. A simple solution is to simply round all prices to the nearest nickle, and just grandfather the penny out of circulation. We would also like to strongly advise you to look into production of a less costly nickle. This will not solve our budget problem, but it will ease it some. Not to mention ease the image of unintelligence it gives us all for allowing such ignorant/wasteful spending.
Sincerely
John William Hicks
and
The American People