This petition closed 6 months ago
The indirect cost to all Americans of the penny adds up. Aside from the hundreds of millions of tax dollars wasted producing them, handling them costs stores further hundreds of millions of dollars (pushing up prices), and their handling increases wait times inside stores.
... and they're just a hassle to deal with. Countries that have abolished them saw no inflationary effect; the '$1.99' psychological effect actually means that many goods are re-priced cheaper when pennies are abolished ($1.99 goods drop to $1.95).