Why are pennies a waste?

Answer 1

Pennies are often considered a waste because their production costs exceed their face value, making them economically unviable. Additionally, the time and resources spent handling and processing pennies can outweigh their utility in transactions, leading to inefficiencies. Many people find them cumbersome and often discard them, further diminishing their practical use. As a result, many countries have phased out or considered eliminating the penny altogether.