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
Canada Will Eliminate the Penny
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.
I think the one cent pice for any country is out dated. I am happy to see that canada is stopping production of the 1 cent it will save money in then end!
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.
http://www.chooseacamp.com/