There is no reason to keep the penny. The supporters of the penny cite the nonissue of prices rising and inflation increasing. Other nations show us that inflation is not impacted and we could follow the Czechs by rounding or rounding down at the register. The only other reason is the fact that Lincoln has his face plastered on here and people don’t want him removed, his face is plastered on both sides of the five dollar bill people. THe penny and nickel cost the government over $100 million a year and increasing not including the shipping and processing costs of the coins and the inconvenience to sellers and consumers who either are weighed down by these worthless coins, spend them so they don’t recieve any more or just toss them in the take a penny leave a penny jars. I say we should toss the penny and nickel, come out with cheaper ten, twenty, and fifty cent, and a smaller one dollar coin as this would bring the U.S. into the twenty-first century.
October 10th, 2008 at 12:05 am
Definitely keep the penny, but moreover as the smallest unit of monetary measure in the U.S. is the mil, it should be minted too!
December 27th, 2008 at 3:54 pm
There is no reason to keep the penny. The supporters of the penny cite the nonissue of prices rising and inflation increasing. Other nations show us that inflation is not impacted and we could follow the Czechs by rounding or rounding down at the register. The only other reason is the fact that Lincoln has his face plastered on here and people don’t want him removed, his face is plastered on both sides of the five dollar bill people. THe penny and nickel cost the government over $100 million a year and increasing not including the shipping and processing costs of the coins and the inconvenience to sellers and consumers who either are weighed down by these worthless coins, spend them so they don’t recieve any more or just toss them in the take a penny leave a penny jars. I say we should toss the penny and nickel, come out with cheaper ten, twenty, and fifty cent, and a smaller one dollar coin as this would bring the U.S. into the twenty-first century.