It cost more to make a penny than they are worth
NY Times:
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You — a scientist of some kind, possibly — might think an obvious solution now presents itself: Why not encourage people to use the pennies they have lying around instead of manufacturing new ones every year? We can’t! Or, anyway, we’d better not. According to a Mint report, if even a modest share of our neglected pennies suddenly returned to circulation, the result would be a “logistically unmanageable” dilemma for Earth’s wealthiest nation. As in, the penny tsunami could overwhelm government vaults.
That’s not great, but at the end of the day we’re talking only about pennies. How much could a penny cost to make? A penny? If only we lived in such a paradise. Unfortunately, one penny costs more than three pennies (3.07 cents at last count) to make and distribute!
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I can't remember the last time I used one. Most of my purchases are with a debit card.
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