An Article About Discontinuing Lincoln Cents

I can solve the problem real fast! Mr. Mavretic needs to move to Canada.

So many problems in getting rid of the Penny.
For example imagine all the stores having to change signs that read .99, 1.98, 2.87, etc. What about all the stores with cash registers with a slot for Pennies? Less coins made at the Mint so would have to lay off personal that make Pennies. Who would change the words to songs like Pennies from Heaven if there are no Pennies? Less Copper used so would have to slow down production of Copper laying off more people. And imagine the cost of a Penny for a collector.
Now why not just drop all the prices of everything in the USA and all over the World so a Penny would still be worth something.

Not really.


Prices change all the time so changing the signs is just part of doing business.


Put the dollar coins in them.


Nope, just put them on the dollar coin line.


No one. Pennies would still exist in our history.


First, the cent has scant copper. Second, those dollar coins use plenty.


Collectible pennies are already not cheap.

It's a lot of demand because the 9 billion they made last year are all sitting out there in change jars not circulating because they are too worthless. The cent is basically a one way coin, Mint to Fed to banks, to businesses to customers to change jars. and then they have to be replaced.

A very good point. I haven't been roll searching for them, but I have yet to find a good 2018 cent that isn't already hopelessly spotted or scratched.

The Cent, Nickel, & Dollar bill ALL need to go and the Dollar coin and Half Dollar need to be put into circulation.

Nor me.

However the quarter might have to be replaced with a 20-cent piece (which presents its own MAJOR challenges), or just continue to round up/down, I suppose. Otherwise it gets a little convoluted to make change. Yes I realize you could make $1.05 change with 1 half, 1 quarter and 3 dimes. But that's making people think, for crying out loud. The round up/down option requires eating the nickel or asking the customer to eat the nickel.

Seems like you'd have to tackle both ends at once - get rid of the cent and dollar bills, add $1 and $2 coins. Not end up with 8 different coins like the euro situation. But apparently retailers, Germany in particular, resisted eliminating the cent because they wanted the lure of 1.99 prices. I supposed they prefer the .5% hit over a 2% hit by pricing at 1.95 instead? Several EU countries have gone with nickel rounding anyway (Ireland, Finland, Netherlands I think). I wonder if retailers like Walmart have more clout in this regard than zinc mining.