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<p>[QUOTE="Troodon, post: 26053555, member: 4626"]I just don't see it happening anytime soon, because if the cost of minting the penny, and the lack of need for it, were considerations, we would have stopped years ago. But when the public objects to it, they back off. Canada got rid of their penny in 2013; I don't know if there were significant objections to it or not, but they just did it. (Different political attitudes for reasons it might be a violation to attempt to discuss here lol so I'll just say there are indeed differences without speculating as to why.) If it worked that way here there already wouldn't be a penny anymore.</p><p><br /></p><p>Will it go away eventually? I think realistically cash will go away entirely before they single out the penny specifically. I don't have a crystal ball but that's my guess.</p><p><br /></p><p>This is not me defending the penny; it would make practical sense to get rid of it. The nickel too for that matter. And replace $1 bills with coins. But the public resists change if they find it inconvenient, and there's not a lot of motivation to push back against the resistance.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 26053555, member: 4626"]I just don't see it happening anytime soon, because if the cost of minting the penny, and the lack of need for it, were considerations, we would have stopped years ago. But when the public objects to it, they back off. Canada got rid of their penny in 2013; I don't know if there were significant objections to it or not, but they just did it. (Different political attitudes for reasons it might be a violation to attempt to discuss here lol so I'll just say there are indeed differences without speculating as to why.) If it worked that way here there already wouldn't be a penny anymore. Will it go away eventually? I think realistically cash will go away entirely before they single out the penny specifically. I don't have a crystal ball but that's my guess. This is not me defending the penny; it would make practical sense to get rid of it. The nickel too for that matter. And replace $1 bills with coins. But the public resists change if they find it inconvenient, and there's not a lot of motivation to push back against the resistance.[/QUOTE]
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