Thread: Banning Pennies
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Old 07-26-2011, 10:23 AM
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SwampYankee SwampYankee is offline
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Join Date: Sep 2006
Location: CT
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Quote:
Originally Posted by Mike D View Post
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.
I get a kick out them lamenting the fact that the dollar coins weren't more popular, people still preferred the dollar bills.

Umm...just stop printing dollar bills and...umm...only make dollar coins and voila!
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