I fully agree, the problem is the public doesn't want the coin. The only way to do it would be to stop producing the bill and thus make the public use the coin. But, elected officials don't often like to pass bills the public won't like (because they have to get reelected)...and this might be one of those.
It's been said many times that a nations coinage reflects its core values. And this is especially what the penny says about us; waste is good. The existence of a one cent coin is probably the largest single impediment to getting the one dollar coin to circulate. Not only is the penny wasteful but it also contributes mightily to the waste of not having a useful coin in circulation.
I know the cent cost more to make that it is worth.But do we want to lose one more American coin to cost factors????? there so much Pork spending Washington it would make your head spin! I think we need cut the pork bill spending not lose a peice of Americana.
No exact figures but dollar notes make up about 75% of the BEP's annual currency output and more than half of all those are made to replace worn out notes.
Part of the problem is that everyone wants to party like it's 1969. Maybe if we did things like eliminate the cent when government spending has made its value meaningless then we'd take a little harder look at government. Washington remains one of the fastest growing businesses around. Billions and billions of dollars pour in for lobbying and most of this is intended to keep anything from changing too much. Things have changed. Everyone should check his calender and then think about how we got to where we are and ask if there's any time left to change course.
The debate to get rid of the 1 cent coin has been going on for 30 years or more. Yeah, 30 years. And it's not gonna be settled here on this forum. In fact, it's not likely to be settled at all for another 30 years. So you can talk about it until you are blue in the face. But all your doing is wasting your breath.
Should the United States government eliminate the penny? Yes No Undecided Why would the US get involved in Britain's coinage?
Time to add something to this 11 years old forum. I wouldn't eliminate the cent because most folks that started coin collecting started with pennies because they have a face value of a cent and you can save many of them, you can get a roll of cents for $0.50 and a full box for $25 to search through. If we eliminate the cent, is likely that the hobby would decline even further and a roll of nickels and box costs 4 times more to get. I CRH and found semi-key dates such as a 1912-S cent and a 1922-(weak)D cent these were recent finds since I started collecting a few years ago. I tried CRH nickels but I decided to stick to the penny.