To the Federal Reserve, coins and bills are not an expense, they are tools.

Since when does the Federal Reserve have anything to do with producing coins? They buy coins from Treasury as needed for normal banking operations. Obviously this is very different from paper currency which is issued BY the FedRes (though printed by BPE).
Paying the mint and the BPE to produce them is an investment in infrastructure. And the Fed makes a profit on the collector's market taking some of them out of circulation. This is why it took so long to kill the penny.

Cite?
BTW, the profits of the Federal Reserve Banks are paid first to its member banks, up to 6% of their investment, just like dividends on preferred stock. (AFAIK the FedRes has never missed a dividend payment.) Any additional profit is paid, once a year IIRC, to the U.S. government.
Carl Sagen[sic] once said [sic] "Extraordinary claims should require extraordinary proof"
I'm not one to nitpick the spelling of a surname, or even the other blunders which unapologetic has pointed out.
I just thought the poster/quote combination here was hilarious!!
Since the same woebegone poster -- apparently only skimming the thread and not understanding that Reagan took the U.S. off the "copper standard" (

) in 1982, thought his Messiah was canceling the penny to save copper, perhaps I should show the compositions of U.S. coins
in circulation. (Apologies for any errors.)
* Gold coins -- typically 90% gold, 10% copper, but with variations
* Silver coins prior to LBJ -- 90% silver (89.24% before 1837); 10% copper
* "Silver" coins after LBJ -- Net: 91.7% copper; 8.3% zinc (core is pure copper)
* 5-cent coin, before 1873 -- silver half-dime
* 5-cent coin, 1873-1941 -- 75% copper; 25% nickel
* 5-cent coin, 1942-1945 -- 56% copper; 35% silver; 9% manganese
* 5-cent coin, 1946-present -- 75% copper; 25% nickel
* 1-cent coin until 1943 -- 95% copper; 5% zinc
* 1-cent coin, 1943 -- 99% steel, with thin layer of zinc
* 1-cent coin, 1944-1981 -- 95% copper; 5% zinc
* 1-cent coin, 1982-present -- 97.5% zinc; 2.5% copper