John Oliver on pennies: Last Week Tonight explains why the worthless coins still exist (VIDEO).

John Oliver Explains Why It’s Time to Discontinue the Penny

John Oliver Explains Why It’s Time to Discontinue the Penny

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Slate's Culture Blog
Nov. 23 2015 10:10 AM

John Oliver Explains Why It’s Time to Discontinue the Penny

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Still taken from the video.

No one wants pennies. The U.S. government knows that they cost more to make than they’re worth, and two-thirds of them don’t even circulate. That’s right: We spend around $136 million per year to make $80 million in a currency no one likes.

Why is that? John Oliver broke it down on Last Week Tonight on Sunday, and it turns out that none of the reasons are all that compelling. “There are certain things we know are impossible to get rid of—terrorism, herpes, and Guy Fieri,” Oliver concluded. “But the penny is a nuisance we could actually do something about.”