I'm all for eliminating pennies, if only to get rid of those ridiculous prices that end on 0.99. They'd have to end in 0.95!
So, from your point of view, where is the coin made?Just for reference, the Denver US Mint no longer _really_ makes pennies. They merely stamp the front and back onto pre-made blanks. The stamping is done by a Swiss made machine!
Getting rid of the penny in Canada saves $11M/year
I keep thinking, "Savings for whom?"Savings of about $300M per year.
Don't worry, only seem to be pushing elimination of penny & nickel so things get rounded to nearest dime. Elimination of paper dollar and replace with dollar coin - a coin only slightly bigger than quarter, or, slightly smaller than a quarter with a dual metal design.I keep thinking, "Savings for whom?"
Savings for me to pay a minimum of $1 for a stick of chewing gum?
Savings for me to round all my purchase prices UP to the next higher dollar?
Saving the pockets of my pants by carrying dollar size coins?
I guess it's an issue of context and frame of reference."Should small-value coins be discontinued?"
Don't all US coins fall into that category? Bills too for that matter. Fiat currencies, by definition have no value.
Instead, maybe the Federal Reserve should be discontinued.
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by Jake Hertz
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