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Should the United States Get Rid of the Penny? – Survey of the Day
Last month Canada joined countries like Australia and Great Britain in eliminating the penny. Is the United States next?
Penny
Penny
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Canada Has Eliminated the Penny
Even stacked together in a jar, all those pennies you have are fairly worthless. However, they may soon become collectors’ items.
Canada, our neighbor to the North, has just eliminated the penny in their latest federal budget, following the example of nations like Australia and New Zealand. The Canadian national mint will stop producing the one-cent coin over the next six months, and businesses have been asked to return pennies to be melted down.
We thought it was a joke too, but apparently the Great White North is serious: