Do you think the United States should get rid of the penny?
No. In my opinion the penny is necessary for collecting the correct amount of change. If the penny was done way with? Then what would we do, round it off?
They could probably stop producing new ones, since there are already so many millions of them in circulation... if they stopped making them tomorrow, we probably wouldn't even notice a difference for a couple of years (at least!)...
No, and here's a good hub on Canada losing it's precious penny - http://kangayankeedoo.hubpages.com/hub/ … ered-Penny
Yes. It costs too much to produce. After a few years, we wouldn't even notice. Can you even buy anything for a penny anymore?
Not really. All of those pennies add up. Sure, they are heavy to carry around. But they cost something.
Yes, we need to phase out coins and paper currency altogether. In the case of the penny, the copper is worth more than the value of the coin. However, beyond face values, money is an outstanding transmission device for germs and disease.
I've heard debates about this since the '90s and I'm sure the idea goes back even further. I guess we could just round off. It would take some adjustment but it might work. But it's one of those things that will probably never actually happen, at least not until cash is abolished completely in favor of credit.
Yes, they cost more to produce than they're worth. It's just not worth it on an economical scale.
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