Poll: Pennies: Keep Or Go?

Yes, Canada has had $2 coins since 1996.

Australia has had them since 1988.

"The solution is to deflate the currency, the endless march into inflation needs to stop. Currency is supposed to have a fixed value not constantly become worth less and less. I say they should bring back the Half Cent and move to deflate the USD back to 1820 values."

Deflation would be a moot point considering its fiat currency that only stands for whatever people believe it stands for. It's all relative, but relative to no finite thing.

All our money currently stands for is doubt. Money is printed by the government's 3rd mortgage, aka QE infinity. They use that debt to print bills that are given to us. It's a broken system. If people lose faith in debt money, this could be an outcome:

http://www.creditwritedowns.com/200...ar-note.html

Full history here:

http://en.wikipedia.org/wiki/Zimbabwean_dollar

I think they should replace it with the 20 cent.

We're losing money on every cent produced and it's worthless in commerce. Too keep making them is plain stupid. For those that disagree - If you were making these in your basement for 2-3 cents, would you turn around, pay shipping and sell billions of them for 1 cent? How long would you be in business?

I highly doubt that the penny will survive to see a redesign in 2059.

I like the penny well enough, but I think it's time to cut production. Not saying that we should pull the series completely like everyone else has done; just let the series coast to a halt. Considering that we've made so many billions in the past few years, I'm sure that they could continue to circulate for another 30-50 years. From what I understand, two- and three-cent pieces were not uncommon in circulation until well into the 1900s. There is no sense whatsoever in spending money to destroy money.

I wonder if Lionel Richie's 'Penny Lover' will be taken up as a theme song for those wishing to retain the penny?

I agree, I hope that this budget crisis will cause the government to cinch up the belt a little and put the penny out to pasture.

I am curious why it hasn't drawn serious debate up to this point. I am guessing there are probably some powerful metal lobbies who want to keep them in production. Unlike when Monticello came off the reverse of the nickel and Virgina lobbied to get it back on, I am not sure any place is doing the same. Has Illinois been pushing to keep it?