What is your opinion on getting rid of the penny?

Before the Civil War the US Mint stopped making half cent coins because they could no longer buy anything.

Think about inflation since the 1860s. Gold was $25 per ounce. The latest spot price for gold is $1200 per ounce. That's a factor of 48. A dollar in 2016 is now worth TWO CENTS in 1860. Taking inflation into account the US Mint should no longer even produce quarters.

it is time to reform the currency. Especially now that fewer and fewer people spend cash. For all I care start printing bills for 25 and 50 cents and drop coins all together. I'm not sure it makes sense to redesign the coinage because we'd have to have a $25 coin as the largest coin and a $50 bill as the smallest bill to meet the standards of the 1860s.

The time to get rid of the one cent coin was when gumball machines started taking nickels. That was in the 1970s.

I understand the whole reason we don't is that the company that makes the blanks lobbys and makes political contributions to keep pennies being made. Someone said (I forget who) that our Treasury Dept. was in the hands of Big Zinc. 8^)

I wouldn't mind if pennies went away. I understand they already have in Canada. Nobody really uses them anyway. Everyone has buckets of pennies at home. The 'Take a Penny/Leave a Penny' jar beside every cash register shows you how useful they are!

We could also save a lot by going to coin dollars. From what I've read the difference is not so much as it used to be. But Canada has $1 and $2 coins! But use a $1 coin here and the cashier gives you a pained look! She doesn't know where to put it in the coin drawer in the cash register!

I'm for getting rid of it. I think it costs more than a penny to make a penny. Some people argue the poor will have to pay more for their meager purchases if there no pennies. Nonsense. If the register says . 41 or .42, round down to .40. If the register shows .43 or .44, round up to .45.

I'm for it...being withdrawn.
If nothing else...it will stop the nonsense of goods being priced @ £6. 99 instead of £7
and the silly wastage if the 1 penny difference...which costs more to produce than it's
actually worth.

I'm OLD enough to recall...and having used...UK farthings, ha'pennies, pennies, tuppences
and 3-penny pieces. And remember (ca 1950) a cup of tea costing 2d.

NOWadays...the likes of STARbucks..a major US TAX-dodging GI-ant 'traiding' in the UK
CHARGEs 3 QUID or more...for a cup of coffee. SOoo that a family group of 4 or more
having a morning break...elevensies...need to have SOMEone carrying a viable piece of
PLASTIC (debit or credit CARD) ...etcetetera.

Am I losing my marbles...or...???

We don't need pennies as they are worthless as f*ck hell we don't need nickels or dimes either.

do it cuz like why do we need to carry coins. make a dollar bill but for pennies, a penny bill

We need them for wishing in fountains. Oh, the humanity!

I'll take it.

Soon there won't be any coins or paper money. Cards or something new will rid us of it.

I understand if they do, but I would like it to stay.

It would save money and increase revenue if they rounded every thing up.

Doesn't matter, really. We mostly use cards.

Out for penny, out for a pound.

In the US, yes. The coin costs more to produce than what it's worth and doesn't serve any practical purpose now. It only functions as a sales tax token.

so will this mean that things costing £5.99 etc will now be £6.00.?
cannot understand how if you say it is one penny cheaper it seems you are getting a bargain
anyway it will put deal or no deal out of business because they have the penny and this is the lowest prize you can win and you try to avoid and so they will have to have a new prize structure with 10P the lowest prize you can win..

in the UK, abolish copper - make the 5p the min coin

It needs to go away. When was the last time you bought something with one?

Ah, you mean the USA one cent coin, I presume. Since I am British I though for a moment that you were asking about our minor coin. We have had a coin truly called "penny" for hundreds of years, long before the USA existed.

No

-Might as Well. Plastic & WiFi is replacing Them- Anyway. :)