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Posted 03/22/2011 4:10 pm
I think the mint should quietly quit making them, since most people just waste them now. Orders from the fed should be ignored by the mint. Eventually, orders from the banks would be ignored by the fed. Do not announce it, just do it. 
Eventually the supply will dry up and most people will continue to care less. I still believe businesses would rather round cash totals down than create a fuss with their cash customers (the same customers that prevent a percentage of their transaction from going to the card processor).
People only care when you tell them you are taking something away. If something as (generally) unwanted as the cent just quietly disappeared, would anyone (besides those of us on forums like this) make a fuss?
Eventually the supply will dry up and most people will continue to care less. I still believe businesses would rather round cash totals down than create a fuss with their cash customers (the same customers that prevent a percentage of their transaction from going to the card processor).
People only care when you tell them you are taking something away. If something as (generally) unwanted as the cent just quietly disappeared, would anyone (besides those of us on forums like this) make a fuss?
