The US MINT says it costs 1.4 cent to produce a penny. So it cost more to produce than the penny is worth! Also the US MINT will be minting about 8.7 billion pennies this year. Back a few years ago when I was a kid I could buy a small piece of candy and a piece of double bubble for a penny... but what will a penny buy today? I very seldom pay cash for anything. Strictly use credit card. So I'm not bothered with any type change in my pocket but it would save tax money. I say YES, stop minting worthless pennies! Don't take my word, read about it here.