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> The damage this would do to the firm in the article was chief as a reason to carry on using it. And that's largely why the US government keeps minting 1 cent

> The damage this would do to the firm in the article was chief as a reason to carry on using it. And that's largely why the US government keeps minting 1 cent coins. It costs the US government over $50 million per year to mint pennies, not to mention the wasted time counting and transporting the things. The zinc lobby is a large part of the reason they're still produced, there's no practical reason for them any more and a lot of countries have removed their lowest denomination coins.

grawprog 8y ago
Ya Canada got rid of pennies a few years ago. I see the uselessness of them, but I kind of miss them. Plus, it's a little odd being charged a different price if you use debit or credit than if you use cash. I know it's only a few cents but it still feels weird. Though i suppose when you find a penny now it's extra lucky. Though strangely, i've probably found more American pennies in my change than Canadian ones in recent times. I had one automated machine give me some instead of dimes recently...that was somewhat disappointing... I dunno there's just something about your money having a physical representation down to the lowest used value in general business. Though, as far as I know, it actually cost more to produce pennies than they were actually worth. So many things feel less tangible now than when i was young I guess it's inevitable money would go that way too, but it's still a weird feeling. I remember the days when using a debit card was a strange thing to do and many places didn't accept anything but cash.