Pennies Cost Too Damn Much!

[Indy Coug]

http://money.cnn.com/2012/02/15/news/economy/pennies_nickels/index.htm?hpt=hp_t2

At 2.4 cents per penny, the solution is simple: eradiate the penny. How? Make all prices include sales tax and price in increments of $0.05 or $0.10. The vendor backs out the applicable taxes. Any pennies can remain on the books in electronic form.

[Sullyute]

http://money.cnn.com/2012/02/15/news....htm?hpt=hp_t2

At 2.4 cents per penny, the solution is simple: eradiate the penny. How? Make all prices include sales tax and price in increments of $0.05 or $0.10. The vendor backs out the applicable taxes. Any pennies can remain on the books in electronic form.

So what other coin or bill do we deface so that we can continue to commemorate Lincoln's bust on our currency?

[Scott R Nelson]

So what other coin or bill do we deface so that we can continue to commemorate Lincoln's bust on our currency?

I vote for the $5 bill.

[HuskyFreeNorthwest]

The other advantage to getting rid of the penny is all those penny hoarders can finally melt their old pennies down and sell the copper.

[Indy Coug]

It is estimated that 4.3 million square feet of merchant counter space will be freed up by the removal of the penny tray.

[creekster]

It is estimated that 4.3 million square feet of merchant counter space will be freed up by the removal of the penny tray.

How many times to the moon and back is that?

[old_gregg]

stand back, we're going to eradiate them:

[Uncle Ted]

http://money.cnn.com/2012/02/15/news....htm?hpt=hp_t2

At 2.4 cents per penny, the solution is simple: eradiate the penny. How? Make all prices include sales tax and price in increments of $0.05 or $0.10. The vendor backs out the applicable taxes. Any pennies can remain on the books in electronic form.

It seems like the solution right now is to go down to the banks and get me some 2.4 cent pennies for only 1 cent each.

[Sullyute]

I vote for the $5 bill.

good choice