Pennies

Pennies cost more than 1¢ each to produce since zinc prices have been rising. There are several groups out there trying to do away with the penny.

When the penny was introduced in 1793, it was worth what is now 22¢. From 1793-1857, there was also a half-cent piece. It was worth what is now 10¢ when it was discontinued. (Equivalency to today's money calculated on this site.)

So basically back in the late 1700s, the smallest coin you had was essentially a dime. Frankly I wouldn't mind not having pennies anymore, or at least seeing them much less. But then what would I throw at people when they snore through movies? Nickels would indeed hurt more.

From a retail standpoint, perhaps discontinuing the penny will also boost the usage of dollar coins, since most cash registers in the US are already designed for 4 types of coins. Then we can bring back to $2 bill with the space once populated by $1 bills! Then it will finally be the future!

...Oh yeah and nickels also cost more than their face value to make. Just thought I'd throw that in there.