Jerlene Posted November 10, 2018 Share Posted November 10, 2018 With countries like Korea, Canada and New Zealand getting rid of their pennies, do you think America should follow suit? It really is unnecessary and would save a ton of money in the long run because of production costs. What do you think? Link to comment Share on other sites More sharing options...
Alexander. Posted April 10, 2019 Share Posted April 10, 2019 According to the United States Annual report from Mint 2014, a penny's current cost is 1.7 cents per coin. With almost 8 billion pennies minted in 2014, the U.S. spent nearly 132 million dollars producing less than 50 million dollars of circulating currency. In answer to your question, yes the country would benefit from eliminating the penny. Link to comment Share on other sites More sharing options...
