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Critics Wonder Whether Pennies Make Sense Anymore

From npr.org

Is it finally time to get rid of the penny? The question was put to the top currency official in the country this week after comedian John Oliver took a swing at pennies on his TV show. "Two percent of Americans admitted to regularly throwing pennies in the garbage, which means the U.S. Mint is spending millions to make garbage," Oliver said. Of course, more people just let them pile them up in drawers or jars. And that's why, Oliver said, "One study found that two-thirds of pennies don't circulate, and yet the penny hangs around for no reason like the appendix or the new Muppets TV show." It actually costs more ... (full story)

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