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Message:: [QUOTE="doug5353, post: 2147614, member: 73555"]"...And those who want to eliminate the cent, if they succeed in doing so, in my opinion it would mean that we are basically giving up on correcting the problem of rampantly printing money." Sorry, that's totally ridiculous.  There's ZERO connection.  The vast majority of money CREATED is done with a keystroke, not a printing press.  But here's a few stats on small-denomination coins:  US Mint Annual Coin Production (2014 vs 2013)........... Year 2013.................. Year 2014 Cents... 7,070,000,000.............. 8,146,400,000 Cent production was $81 million face value; total U.S. government spending was $3.504 trillion dollars, or $9.60 billion dollars per day, or $400 million dollars per hour, so the total output of "cents" would run the government for about 12 minutes, give or take. The COST of producing $81 million in cents was roughly $150 million.  Who received the $150 million?  Sellers of zinc and copper, Mint employees, manufacturers of coin presses, truckers, railroads, coin-bag makers, etc., right down the line.  What happens if you eliminate pennies?  Do some of the costs accrue to nickel production?  Depending on rounding prices up or down, the cost of everyday goods to Americans goes up or down.  However... Net loss or net gain?  From the Washington Post, March 10, 2014: "In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8 cents, nearly twice its face value."  Minting 5 pennies costs 9 cents; minting 1 nickel costs 9.4 cents.  You can't win. Nickels cost twice as much as dimes – 9.4 cents vs. 4.6 cents – despite being worth only half as much..."[/QUOTE]

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