Should we get rid of the penny?

What's your opinion??
http://money.cnn.com/2006/06/01/news/newsm.../penny/?cnn=yes

 

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No because they will bring back tax tokens

 

Is this link what you were trying to post?

Looks like the CNN editors don't know their coin denominations.

 

If you think that's bad...the congressman who is trying to get the bill passed doesn't even know his denominations. And they can do whatever they want with the penny since we use cents here.

 

I don't know if they should get rid of it or not, but if they did (which they won't) they might as well get rid of the nickel too & just round up & down to the nearest dime like some other countries do. IIRC New Zealand just did this.

 

Don't know what happened to my link, Thanks for reposting it.

 

I agree, the nickel should go at the same time as the cent.

 

We will never (at least for the foreseeable future) get rid of the cent for the same reason we'll never get rid of the $1 note. Politics. I read somewhere that over 50% of the Mint's coining efforts go into coining cents. Eliminating the cent would mean getting rid of a large number of employees, and AFSCME (I think that's the Mint's union) would never allow that to happen. In addition, I also believe that cent blanks are produced only by a company in Tennessee. Getting rid of the cent would greatly damage their business. Guess where Senate Majority Leader Bill Frist is from? Tennessee.

 

Woohoo for the congressman trying to save a whole whopping $14 Million a year whilst your government blows billions on much stupider things than making a lowly cent for the convenience of consumers. And budget deficits measured in Trillions of Dollars will be thing of the past with measure like saving the poor wanton public from cents.

 

To eliminate the penny would be a centsless act.

 

LOL!.......

 

i think they should get rid of money all together and keep it only as a collector's item

 

I find pennys to be of no use to me, its bad when state owned or federally owned toll roads do not accept them! if the Government does not take them why do they make them?

 

I like that jackeen-
I really don't think the mint should get rid of it. At least until 2009-love to see what the people have in mind for the commemorative designs for the cent :hammer:
Bill

 

No, dont get rid of the cent-just change its composition to something less valuable like tin or some other less valuable metal.

 

That day is happening as I type. Lets see how many of us have automatic deposits, automatic withdrawls, buying items with a debited card, paying with a credit card over the phone or over the internet. I am not counting stores for a paper transaction still takes place. The day where money is referred to as credits is not far off yet it does not seem so long ago that I first saw that concept illustrated in the original star trek series.

 

The toll booths here in Chicago all take the 1 cent coins. Where are you that they are being rejected?

 

Texas!!!!!!!!!!!

 

That's because of the Lincoln - Illinois connection, or so I was told. I believe most other places don't take them.

 

Maybe it is time to really try aluminum.