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Message:: [QUOTE="Belisarius, post: 723582, member: 21227"]While the current value of the cent allows for more efficient transactions because they can be calculated with more precision (there are more discrete values that can be created with a penny at today's prices than without a penny), I agree that they are basically annoying or useless.  And this is coming from someone who loves Lincolns very much.  Thus, it is either time to get rid of the penny *or* ..... drumroll..... REVALUE THE CURRENCY! Yes, there are a number of issues that arise with revaluation, such as replacing the money supply, changing prices in the economy, "microtaxes" from fewer discrete price levels, etc. that all have costs of their own.  However, it is well overdue as prices are now over 20x higher than they were pre-WWI and, as has been beaten to death, almost nothing can be purchased for a cent.  Let's take the currency back 100 years and replace every dollar with $0.05 new dollars.  At least then "millionaire" would be significant again (I am getting sick of hearing about the millions of millionaires), and price levels would once again make our beloved cent meaningful.  As an aside, with today's copper price of $2.93/lb, pre-1982 cents have $0.0191 of copper content.  Why aren't these being hoarded like silver coins pre-1965?[/QUOTE]