Canada Will Eliminate the Penny

Canada just announced that it will eliminate the penny. Noted penny opponent (yes, such a thing exists) C.G.P. Grey’s explains:

The United States should follow suit. Why pay 2 cents to print an almost-useless coin worth only 1 cent?

ht: Kottke

3 thoughts on “Canada Will Eliminate the Penny”

  1. Kudos to Canada for getting rid of the penny, I only wish we’d follow suit. Alas, the dollar coin disaster shows that the American government doesn’t really have have the will to change it’s currency.

    I read an article claiming that we’d never get rid of the penny because it “has Abraham Lincoln’s face on it.” Perhaps we could put him on a dollar coin instead, and start removing paper dollars from circulation.

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