Governor Polis of Colorado is proposing the elimination of the penny to save money, citing that it costs more to produce than its actual value.

If the penny were discontinued, the US Mint would save millions of dollars annually.

Polis is looking into alternative solutions to help the economy, such as increasing the production of the nickel and encouraging the use of digital transactions.

However, the elimination of the penny is a controversial topic that has been debated for years, with supporters arguing that its removal would help streamline transactions and reduce waste.

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