Goodbye Penny?

They've been trying to get rid of the penny every year.

I wonder if the RCM will continue to issue collector cents once they are no longer issued for circulation.They've done this with the 50cents.I believe the cent will be gone within three years,the government can't afford to keep producing them at a loss.

I think everything will go up 4 cents. Maybe not a big deal, but go to any store and ask them to give you 4 cents. Business would have to take advantage of the rounding system as shareholders demand it.

Mint employees out of a job. Should need less retail employees if handling pennies takes so much time. Probably need less Brinks employees and other people who deal in coin. So less jobs.

Now for the benefits. The savings will be so noticeable taxes will go down for you. (It's a joke =P they aren't going down). The government is more profitable and will give you less and will still come up with reasons why it needs more tax money. The real coppers were at least as store of value. Goodbye penny!

This is horrible. The other day I got shorted 2 cents at a till and gave the employee a dirty look. THEY ADD UP! And that $100 bill remark at the bottom of the comments page was so ignorant. Taxes are already confusing enough to tabulate - why round up or down.. why not just keep prices where they are? I believe that it would confuse people even more, and markups would be insane (PLUS TAX). I can't believe they put the issue to the Senate and not someone who knows what they're doing.

I think that things should already include the sales tax, like in Europe. What a hassle!

IMHO, the cent, nickel, both should just stop minting them, and let the remaining coinage in circulation slowly diminish, to it's end. The prices today are ten times as high as before, and without the cent, and nickelfigured in anymore, the dime will be the smallest coin in circulation, because the cent, and nickel will solowly disappear. (hoarding for melt). It will be a battle between the recyclers, and collectors, as to who gets what! Get rid of the Hundred? Yes, All of them , the good, the bad, and the "ugly, one dollar bill. It will in effect amount to a ten % increase in prices, without making a satatement to that effect. Not to mention not having to haul a gag fuill of small change to pay that "9/10" everywhere posted.
Someone mentioned getting rid of the 'senators", along with the cent. Good idea, but I would modify it to where the "ELECTORAL COLLEGE" be abolished! That way My vote, and YIOUR viote would elect a president, not the "select few' who are vulnerable to ($$$$$$),pressure from the outside! Along that same line, make the presidential term six years, with NO RELECTION, and limit the term in the senate, and house toten. No more lifetime jobe there, and ( taking their "self granted pay raises, home with them (should they retire and go home). Let them have the same health care system everyone eklse has<(or does not have), and get their Social Security, same as you and I , based on their income. Dream on, dreamer.....
Dick

Very interesting article. However IMHO I want to retain the one cent piece and contrary to what everyone else here is saying I can and do use one cent pieces every day in the parking meter. Yes - here where I live the parking meter still takes 1 cent coins and I get 1 minute of parking time per cent. There is no limit as to how many pennies I may deposit. If I'm willing to stand and deposit 60 cents - I will get my hour of parking. Another use - raising money. A lot of places up here in my neck of the wood are having pennie drives - raising money for charity. Not many people object to being asked for their pennies - it's just small change right? Wrong - those pennies all add up over time to great big dollars. So for me - I'd like to keep the penny and continue using them for parking and charity and of course for collecting!