Pennies are almost worthless, so why do they still make them?

Because Jarden Zinc Products wants the US Government to continue paying them to produce planchets used by the US Mint which turns them into pennies, and has “lobbied” against all attempts to end the penny. http://www.newyorker. read more

They don’t make them here in Canada, only in the U.S.A. Part of the reason why they still make them there may be because there is pressure from the copper industry to mint pennies. read more

Even though the penny is basically worthless in buying power on its own now, their is a mental mindset that says of they do not get their penny back they are being cheated. So the penny will continue to exist until the flack that the president will get from the American people and the zinc industry is such that he can burn that bridge politically and not hurt himself. read more

Pennies today are worth almost nothing, but they still cost money to produce and consume vast quantities of natural resources. To anti-penny activists, that’s a lot of costs for a coin that can’t even buy a ball of gum anymore. 1. They’re Useless. When the Baby Boomers were young, a penny still had some value. read more