Americans for Common Cents, a pro-penny-production group funded by the zinc manufacturer Artazn, which provides the U.S. government with the blanks needed to make pennies, argues the savings from the penny could be wiped out by more nickel production.
Americans for Common Cents claims nickel production could actually skyrocket to two million per year without the penny, according to CNN.
Ending the penny could drive up nickel demand, which could in turn cost the Treasury even more to produce.
President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be the real problem.
On top of that, losing the penny could drive up nickel production.
