You may have noticed that there is a new penny design out for 2010. The real question to ask is, why are they still redesigning pennies instead of eliminating them?
Pennies are ridiculous and worthless. There is nothing more annoying than getting charged $4.01 at a store and getting $0.99 in change because you don't have a penny. Some places leave out a tray where you can discard your pennies for others to use. Some places simply ignore the penny and give back a whole dollar. We're only talking small business, of course. Big corporations don't care about such things. Try rounding off your bill at Walmart or Best Buy and see what happens.
What is even more insane is that it costs more than a penny to make a penny! That is right, the government is subsidizing the cost of every penny produced. The half penny was eliminated in 1858, and it was worth much more than the current penny is today.
See this excellent video rant on the subject from the Freakonomics Blog.
Even Abe Lincoln would agree...the penny has got to go.
BrianM
MikeB
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