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<p>[QUOTE=&quot;calcol, post: 18316295, member: 77639&quot;]There are multiple reasons why we are still stuck with the cent.</p><p><br /></p><p>l.&nbsp; Inherent conservatism.&nbsp;&nbsp; Most folks don’t like change unless there is a clear and prompt benefit to them personally.</p><p><br /></p><p>2.&nbsp; Fear that rounding prices to 5 cents will result in paying more for goods and services.&nbsp; Merchants will naturally round up, not down.&nbsp; However, there are few goods and services where rounding up to next multiple of 5 cents would be more than 2-3% of the cost.&nbsp; In most cases, it would be far less than 1% of the cost.&nbsp; In a year of two, everything would be priced initially in a multiple of 5 cents.</p><p><br /></p><p>3.&nbsp; Loss of the cent hits them too hard in the face about nonstop inflation.&nbsp; It’s unpleasant enough to live with it day to day without it being thrown so visibly in our faces.</p><p><br /></p><p>4.&nbsp; Folks don’t realize that it cost more than 2 cents to make a cent coin.&nbsp; If it’s dropped, an unnecessary government expense will go away.</p><p><br /></p><p>One consequence of dropping the cent is that there would be a sudden increase in collecting them and probably an increase in price of high-condition, rare dates/mints.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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