Have you ever walked down the street and seen a penny on the ground? Do you stop and pick it up? Most people would not unless they were an avid penny collector.
The penny has quickly become a worthless coin in our economy. According to the 2011 annual report from U.S. Mint, the penny costs 2.4 cents per coin. Therefore, it costs 1.4 cents more to produce than the penny is worth!
The U.S. Mint spent $120 million to produce less than $50 million of circulating pennies in 2011. This sounds like more government-wasted taxpayer money.
Even with zinc as …