The US Mint lost $69 million making pennies last year
8.4 billion pennies were minted.
This has been bothering me for years. Why on Earth do we still make pennies that cost more than a penny and waste our tax payers’ dollars? Why do we even have nickels and dimes they have no purpose that I can see a use for ? Going digital saves billions of dollars a year for governments around the world. If we are still creating these coins for the sake of giving people jobs let’s redistribute these jobs and put people on a path with a career of more purpose.