Haven't paid cash for gas in 15 years.

Making "money" isn't supposed to be a "for profit" business for the government.

This really isn't the point. It could be $3.259 a gallon...10 gallons would be $32.59, you would pay $32.60...

It would increase efficiency for sure. A good example is at the exec golf starter shacks. There are 3 items for sale. Pull carts, trail fees, and green fees. All are calculated to include tax and come out to an even dollar. You can do transactions all day long and never see a coin. Works really well.

While it certainly started out that way, I don't think that anyone is "fooled" by it any longer. Most retailers today use it as a code. .97 means the item is on clearance, .98 means it's on sale this week, .99 is the regular price. These are not standardized codes throughout the retail industry, it's just an example. I worked for a few different retailers and we'd have to go changing the tags around every week depending on what was on sale.

Here is an overview of the debate.

Penny debate in the United States - Wikipedia, the free encyclopedia

Wonder why Canada has no problem with one dollar and two dollar coins --- they dont walk around with bulging pockets of coins ?????? Has no problem with supporting wars etc ----- USA you are just so smart

Thanks for this link! Interesting.

Canadians Abolish Their Pennies
 

We got rid of our pennies at least a year ago and it appears to be working out fine and dandy. We simply round up or down. There's no more digging around in our wallets for three cents while irritating customers in line behind us. The absence of pennies has not, however, lightened the load in my purse. We still use one and two dollar coins but those distinctive "loonies" and "toonies" that we haul around contribute to our hardy Canadian identity.

If you ran a business with a product that cost you twice as much to produce than to sell (penny costs 2.4 cents to make and is only worth one cent", wouldn't you entire discontinue that product or find a cheaper way to produce it?

Those that say to keep the penny are wasting our taxes that go to the government to mint this penny.

The government finally stopped distributing the golf dollar presidential coins because no one would put them into circulation. I am not sure if they actually quite minting them or slowed down the minting process. I do know that they are still available from dealers at a highly inflated price.

Personally, I would say to quit minting pennies. Something has to be done to start reining the spending in the government.

Z

This was an interesting read. I thought it was funny both sides said they had public support on their side.

I'd like to throw my vote in for getting rid of the penny. Frankly I think if there's a debate it's whether or not we should get rid of the nickel.

Agree!

Z