Death To The Penny

They're as useless as Japanese 1 yen coins. Get rid of them. At our present rate of currency debasement, we will be able to get rid of all coins less than $1 in about 20 years.
Then we can have small aluminum $1 coins, just Iike the Japanese 1 yen.

Rounding is fair in Canada. If something with tax costs $1.01 or $1.02 you round down to a dollar and save a cent or two. If something costs $1.03 or $1.04 you round up to $1.05 and lose a cent or two. After numerous transactions over a month you would break even. Half the time you win. Half the time you lose. I have not seen businesses round $1.01 and $1.02 items up to $1.05.

Anything bought on credit card/debit/cheque/auto withdraw (like mortgage) is done exactly to the cent with no rounding. That accounts for probably 90%+ of our transactions anyways.

The penny was the first coin I collected as a kid so I have a soft spot in my heart for them in Canada but it was the smart thing to do. It was costing 1.6 cents each to make them at the end. They don't circulate much any more but you know what? I never saw a large cent in circulation in Canada and they were made from 1858 to 1920 and then gradually withdrawn during the 1930s as the small cent took over. I completed a large cent collection over the last year with little trouble. They are still out there in the hands of collectors and dealers and I am sure the small cent will be there too. Any pennies taken to the banks will be sent back but there is no law forcing their return so there will be millions in the hands of collectors and hoarders for as long as they wish to keep them.

It was actually the demise of the penny that got me two years ago more interested in the hobby. I had not looked at my collection of pennies, nickels, dimes, and quarters in over 10 years. When I heard pennies were being withdrawn I decided to fill in my albums by roll hunting. I am now more active in coin collecting then ever and have added silver dollars and 50 cent pieces to my collection.

I bet u wouldnt miss the nickel either, pacificoin. In inflation terms, nickels are a Half Cent piece.

I'd love the US to round to tens. Get rid of the cent and nickel, keep the dime and bring in a new multisided smaller 50 cent to replace the 25 cent. Britain's 50 pence is an excellent example. 10c, 50c, $1 and $2 coins would make cash transactions fast and easy, and leave room in registers for an eventual $5 coin. We wouldn't need a 20 cent because our dime is small enough.

The U.S. REALLY needs coins of
dimes, quarters, halfs, dollars and $2, with a fixed plan and timetable to issue a $5.

The half should be like the current British 50P, but slightly smaller.
Current gold color small dollars OK, the $2 and future $5 bi metal different colors with differnt edges, something like the higher value circulating Euro coins.

NO notes at all below $5!!

I think it would be too much to ask the U.S. Public to accept polymer notes at this stage, with any of the mooted changes to the coins.

Bring back circulating gold color double eagles made from aluminum bronze.

We simply should stop minting the cent. Let the remaining ones do the job until they just vanish.

I don't want them actively removed from circulation because I am too busy hoarding the bronze ones.

LOL.

Politics perpetuates pennies.
Money is made by sellers of zinc and copper that have lobbyists that make sure "certain people" have an incentive not to discontinue the cent.
Cutting the cent would also necessitate drastically reducing mint (and mining, metal processing, transportation, distribution, etc.) personnel, which also have lobbyists.