Patch's Poll: Should The U.S. Stop Making The Penny?

Canada just minted its last one-cent piece. Should the United States follow suit? Take our poll and add your thoughts in the comments.

Canada produced its last penny on Friday - the government said it was too expensive to make and had become obsolete, Bloomberg reported.

The real issue was that people weren’t using them, they were putting them in jars at home, and we were doing the same thing at my house,” Finance Minister Jim Flaherty said. He spoke at the Royal Canadian Mint in Winnipeg, Manitoba, before pushing a button that stamped the last one-cent coin, Bloomberg said.

U.S. officials have bene talking about dropping the penny for some time. There are pros and cons.

What do you think? Do we need the penny? Do you use the penny? How big is your jar of pennies? What's your favorite saying involving the word 'penny'? How about songs (scroll down to 'P')?

REVMAN May 08, 2012 at 04:20 PM
Just think of how much the gas and oil companies will make rounding it off to the nearest cent--MILLIONS.Will companies round it off to the nearest cent or for instance something costing 51cents rounded to 55cents.I think the latter is what will happen and we the consumer take the hit. Here's a GOOD idea let the government decide.
Marianne Halpin May 08, 2012 at 04:26 PM
Find a less expensive way to manufacture the one cent piece. We have enough inflation already.
Thomas Cornick May 08, 2012 at 06:46 PM
"1) We have never devalued the United States dollar in the history of our nation." Nope we just print more of them and smile. And it's not a default unless the bankers call it a default. The banks would love to see an entirely cashless society, that way they can take a bite from every transaction and use their profits to lobby against you.
wtfdrez May 08, 2012 at 10:50 PM
Pedro~ the "Righties" are you serious? this isn't a right or left issue. For me it's common "cents". If we eliminate the penny than .43 cents becomes .45. No one is going to round the dollar down.
Badger May 10, 2012 at 10:41 AM
There should be no rounding up or down for cashless transactions. As far as cash transactions at the pump, the business owners are going to lose a lot of money because let's face it - everyone will be filling their tank up to $XX.02 every time to get that 2 cents in gas for free.


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