What Is Your Opinion On Ending The US Penny?

Don't worry about the Cent or Penny. Soon enough almost all coins will no longer be made, needed or required. Credit and Debit cards will be all that there is going to be.

I don't care either way with the penny but strongly disagree with those wanting to get rid of the nickel and dime as well. That would decrease the practicality of coinage and would likely strengthen the argument of those that want to get rid of cash altogether.

My thinking earlier about ending the dime was such that the amount of minimal product purchased by one could be sized at 2.5X, and sold for a quarter.

A dime does have utility with the way things are now, but if minimum product unit was increased we wouldn't need it. Of course, that would be difficult to bring about.

I personally want to see the cent and the nickel remain. I want to see my grandson grow up to be a collector, and while we have cents and nickels his chances of scoring pre-1965 coins are greater.

(I guess if we get rid of the dime, we would have to consider 20 cent pieces replacing the quarter, but that might go over only half as well as the SBA dollar).

Get rid of the 1c right now and plan for elimination of the 5c. Keep the 10c and start production of a new, smaller octagonal 50c. Slowly phase out 25c and $1 notes over 3 years. Ramp up production of $2 notes in the interim and then phase in a $2 coin over the next 5 years.

The end result would be only 4 coins that we would need...10c, 50c, $1 and $2.

A faster approach is to eliminate the cent right now and use multi-ply plated steel for 5c. It can be made to match the same electromagnetics as CuNi.

If they do that my Jefferson set stops at the last date of CuNi. I don't collect plated steel slugs, just like I don't collect copper plated zinc slugs. My Canadian collections stop at the switchover to plated steel junk.

Might as well get rid of the nickel, dime, quarter, half and dollar (paper and coin) as well... inflation has mercilessly gutted American money. Maybe we could go to a "new" penny (one old dollar = one new penny).

Go figure this in with penny
In my home town tax on a dollar is 9 1/2 cent, then they just bump it up to ten cent with the perches of a dollar item.

I say get rid of all sub-dollar coins except dime and half. Get rid of paper dollars and find a dollar coin we can be happy with. We may also need the equivalent of a "Twooney", and I would have no problem with a $5 coin and the smallest paper bill being a $10.

Lars