John Oliver came on Last Week Tonight with a message: America, wake up! We are losing 55 million dollars a year making pennies.
The penny actually costs 1.7 cents to manufacture.
Many stores don't even accept pennies. So what are they good for? Sure, you could throw a penny into a wishing well, but that will really only grant you one wish:
And before you ask, no, there is no cheaper combination of metals to make a penny than what we already use.
So why do we have still have pennies? The simple answer: lobbyists.