Piddly savings for scrapping the penny

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According to the Royal Canadian Mint, we taxpayers expect to save a mere 11 million per year by retiring the penny.  Surely this is a drop in the bucket compared to the BILLIONS wasted elsewhere. 

Read about it here:

http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002#.UQsSrfJCqSo

Forgive me for being so cynical, but that's what I see...

Dean