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<p>[QUOTE=&quot;TheBigH, post: 288403, member: 9866&quot;]It&#039;s necessary because if every purchase were rounded up 5 cents, that would cause a substantial loss for either the consumer or supplier over time. But a better question would be, how could leaving the penny in circulation damage the economy? The metal can be changed to something cheaper, and when (if) that metal also becomes too pricey, then perhaps the U.S. will have no choice to remove the cent from general circulation, but as it is now, there&#039;s absolutely no reason eliminating the cent would be beneficial or necessary. The removal of pennies from circulation seems to be an anarchist-esque suggestion.</p><p>&nbsp;</p><p>Also, to the pushers of precious metal money, I don&#039;t think silver coins would be remotely feasible. The prices of precious metals change wildly every day. I believe that rather than actually making all the money from silver, all money should be redeemable for silver. $1 in silver doesn&#039;t change. It doesn&#039;t matter if silver is $13 and ounce or $1,000 an ounce, it&#039;s still $1 in silver.[/QUOTE]</p><p><br /></p>

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