Thread: Banning Pennies
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  #10  
Old 07-26-2011, 08:28 AM
Mike D Mike D is offline
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Join Date: Jan 2006
Location: Tucson, AZ
Posts: 5,358
We'd save more money by eliminating the one dollar bill and using a coin. I believe I read the average longevity of the bill is about 18 months. It's pretty common to find 40 year old pennies.

Initial cost would be a bugger but the long term pay off would be huge savings.
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