Mint Roll Pennies

I still don't get the whole roll collecting thing. To me, it seems like a way to make your collection 40 to 50 times heavier than it should be.

Because most transactions are electronic anyway.

If the cent is suspended, I wonder when the point of sale software updates (to automate rounding) will happen. Knowing how the software industry works, I will not be holding my breathe waiting for the first vendor to issue an update, let alone all of them.

I still think most retail locations will just round down their cash transactions. This makes it simple for employees and keeps their customers happy. They still lose less than what is lost to swipe fees.

Here's a way to phase out the cent and help the environment at the same time. If you get a bag with your purchase, it's rounded up. If you forgo the bag, it's rounded down.

Even if Obama wanted to do this, it'd take an act of Congress to do so. They, not the President, have authority to do this.