Simply stop minting the penny. It wouldn't be missed and the government would save vast amounts in acquisition, labor, distribution, and mgt costs.
I once read that the cost of making the penny and nickel, both outweigh the actual value of the coin.
My proposal is similar to what some banks are starting to offer, in a keep the change program.
On all *CASH* purchases, the total price, after sales tax, would be rounded up to the nearest amount,... more »
First, the minting Presidential Series dollars has cost $300 million since it was mandated by Congress in 2005. Minting money like this is... more »