Quartz:

It now costs 1.6 cents to produce each US one cent coin due to the high price of zinc, which makes up 97% of each coin, according to the Wall Street Journal. President Obama has proposed phasing out pennies and nickels (5-cent pieces) on numerous occasions, including in the 2015 budget, but Congress has yet to bite.

It’s one of those things we all know but inertia seems to keep America from getting rid of this useless coin.