I found the youtube of The Future of Money: Dollars and Sense from http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=312621
The best statement was "If the metal for the penny were free, we would still exceed one cent."
WITNESS LIST
Panel I:
Mr. Richard A. Peterson, Deputy Director, United States Mint
Ms. Lorelei St. James, Director, Physical Infrastructure Issues, Government Accountability Office
Ms. Beverley Lepine, Chief Operating Officer, Royal Canadian Mint
Panel II:
The Honorable Philip Diehl, former Director, United States Mint
Mr. James Miller, former Director, Office of Management and Budget
Mr. Mark Weller, Americans for Common Cents