I think the chances of the US getting rid of the penny are infinitisimal (like the value of the penny). Any attempt will be taken as The Gubbiment Trying to Steal Our Money (If It Were Good Enough for Abe Lincoln, It's Good Enough for Me!), and result in Tea Party protests and arguments about Mass Compulsory Penny Divestiture and SCOTUS cases and mass hysteria. #ddtb
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Freakonomics » Canada Kills Its Penny; Can We Please Be Next?
In part because of rising prices for the metals it's made of, it actually costs 1.6 cents to produce every penny. The government estimates it loses $11 million a year producing and distributing th…
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I thought US was already talking about getting rid of the penny? I admit I didn't read the article…I'm tired this AM and trying to get my son ready for school. 😛
Oh, there's regular talk about it, every time Treasury notes that it costs more money to make them than they are worth. And some congresscritter (usually, to be sure, a Republican, out to save money) proposes doing away with it, to much TV news amusement, and then it quiets down.
I think there's a higher chance of replacing the dollar bill with a coin, and I think the chances of that are close to nil, too.
Reminds me of a few years ago they came out with those new Gold Dollars..you would get them if you bought stamps in a stamp machine or here if you got tickets at the machine in the train station… I went to use them to buy ice cream and the guy had to ask someone if they could take them. I had like 15 of them between stamps and train tickets (went to NYC a lot at the time) and I wanted to get rid of them.
My daughter grew up getting Sacagewea dollars as she lost teeth.