The Finch Formerly Known As Gold

6 July 2007

Nor are they worth a plugged nickel

Joanna looks at both sides of the issue and decides we should dump the penny:

[T]here’s absolutely no way that it's not more expensive to have pennies than to not have them, both from a consumer and a taxpayer standpoint.

Still, she has ideas for the least-valuable coin in your pocket:

As a fundraiser, I see the penny thing as a huge opportunity. Charitable organizations themselves like Goodwill and the Red Cross could advertise getting rid of pennies by donating them and not using them anymore. That would represent a lot of cash and would incite the social movement against pennies for a good cause. Then people can write off the donation, the organizations could turn them over to banks, banks exchange them with the Treasury for higher coinage, and the Treasury can sell them to private companies who make tacky commemorative plaques that tasteless people can buy from QVC late at night. Everybody wins!

It's either that or melt them down into clean copper clappers, an idea that leaves me with that zinc-ing feeling.

Posted at 10:17 AM to Common Cents

If she really wants to save money, we should trash the dollar bill completely and replace it with the dollar coin (or maybe even the $2 coin, like Canada)

Posted by: Dwayne "the canoe guy" at 11:41 AM on 6 July 2007

Anything we can do to encourage debit-card use goes a long way to alleviate our nation's penny-minting and dollar-printing costs. Personally, I see cash as archaic.

Posted by: Mister Snitch! at 1:59 PM on 6 July 2007

Can we have archaic and eat it too?

Posted by: CGHill at 2:16 PM on 6 July 2007


Posted by: Dwayne "the canoe guy" at 2:44 PM on 6 July 2007

See, this is why no one asks Chaz for his two cents.

Posted by: Mister Snitch! at 5:16 PM on 6 July 2007

Plastic pennies. Cheap injection-molded plastics.

Posted by: Ed Flinn at 9:54 AM on 12 July 2007