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<p>[QUOTE=&quot;chrisild, post: 933330, member: 39&quot;]In my opinion this is primarily a psychological issue. Sure, the penny is not &quot;worthless&quot; - but it buys you considerably less than what it bought you, say, 50 years ago. Did you have, say, a &quot;quarter cent&quot; coin in 1960? I don&#039;t think so. And yet, since prices are in multiples of 1 cent (leave gas stations aside <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ) and cash totals often end in odd figures, we are used to getting pennies back. Take them away, and people will &quot;feel inflation&quot;.</p><p><br /></p><p>I think it is pretty much the same thing as in the UK or in the euro area: 1p or 1 ct is not worth much, but doing away with the denomination would, in the minds of quite a few, translate to &quot;our money is suddenly worth less&quot;. In places where the smallest coin denomination is &gt;1 anyway (see the Nordic countries of Europe for example), it is much easier to phase the next coin out, since people are used to rounding ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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