Pennies cost more to produce then they are worth. The price varies from 1.7 cents to 1.9 cents depending on the cost of the materials. They also cannot perform their function, which is to facilitate the exchange of goods and services. Businesses will not accept payment in pennies for most things. Neither will the government. You cannot spend them at vending machines or parking meters. Studies have shown that in countries that have eliminated the penny, most recently Canada, that there was no detrimental impact on business or charitable giving. There is literally no reason to continue production of the penny, but for some reason there is also no political will to terminate it. This is one way for our government to show it is still capable of functioning at the most basic level. Let's do it.



