Goodbye To The Penny

The most logical thing is to retrieve the ones in circulation because they are so valuable and represent tax payer money.

So to do this start making nickels out of aluminum. As soon as there are plenty of nickels in circulation begin withdrawing the old ones. After the old ones are gone shrink the aluminum five cent coin to about the size of a penny and withdraw the large nickels.

In ten or fifteen years if Congress keeps spending far more money than they have we can just eliminate everything under a quarter.

Cut to the chase and do that now. This will push more people to use electronic payments.

Yup, they will be gone by the end of the year.

Buy them out then!

Coinage is honestly DEAD, all of it needs to go. Let the penny and the rest live exclusively in electronic form. The days of producing, handling and transporting metal slugs needs to end. The whole process is a tremendous waste of our money across the board compared to the value it gives consumers. We would save hundreds of billions of dollars doing away with all coins.

At this point in my life, I am not gonna fight it.