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<p>[QUOTE=&quot;Troodon, post: 521980, member: 4626&quot;]As I recall shortly after the Civil War a law was passed declaring private tokens illegal to produce if they were made with the intent (and actually used) to subsititute for genuine US coins in circulation.&nbsp; (I&#039;m sure someone here has the details, including whether or not it&#039;s still in effect).&nbsp; However it would still be legal I think as long as it wasn&#039;t intended to circulate and only be redeemed by its issuer.</p><p><br /></p><p>I think you&#039;re right though, if they got rid of the penny they&#039;d probably just round to the nearest nickel in cash transactions.&nbsp; Australia and New Zealand do this.&nbsp; (Well until New Zealand got rid of their 5 cent piece too; now NZ rounds all cash transactions ot the nearest <i>ten</i> cents.)&nbsp; The one cent denomination would still be able to exist in account in check, credit card, direct bank transfer, etc., just not in cash.[/QUOTE]</p><p><br /></p>

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