It Just Doesn't Make Cents!

Here's an interesting little fact. It costs 1.4 cents for the US Mint to produce a single penny. How is it feasible to have a currency in circulation that costs more to produce than it is actually worth? That's the question that Representative Jim Kolbe is asking. He's introduced a bill (again) to do away with the penny. I hope the push works this time. Pennies are a nuisance. Aside from providing excitement to children who put them on the railroad tracks to flatten them, they serve no useful function. I typically throw them away by the handful when cleaning out my pockets or my car. Down with the penny!