A bit of background:

It costs over three cents to produce a penny (mostly for the zinc and copper in it), and over 11 cents to produce a nickel.

However, they last for many years, so it may actually be cost effective if they are in fact desired.

Other countries have gone through this question and some have answered in the negative:

- Australia eliminated its one and two cent coins in 1992
- New Zealand eliminated its one and two cent coins in 1990, and its five cent coin in 2006
- Finland eliminated its one and two cent coins in 2002
- Mexico eliminated its five centavo coin in 2002
- Netherlands eliminated its one and 2.5 cent coins in 1980 and replaced all with the euro in 2002
- Sweden eliminated its one and two krona coins in 2010
- Canada eliminated pennies in 2012
- Chile eliminated its one and five peso coins in 2017
- South Korea is trying to eliminate its one and five won coins

- Some charities rely on very small donations and eliminating it would reduce them
- Rounding to the nearest nickel could be a hidden cost to consumers
- Some people feel it would be disrespectful to Abraham Lincoln