Canadians are pondering the demise of the penny
Well, personally I say NO to getting rid of the penny!
What else would you think Penny of "penny for your thoughts" would say? ;-)
First and foremost reason for pennies to stay, retailers will use this as an excuse to round prices up, rather than down. Then we will all pay more, all the time.
Secondly, pennies are a good way to teach small kids a number of skills.
Saving pennies can quickly add up for small children, wether that means a trip to the corner store to get an icecream, to put money in a bank account, it is a very painless way for small kids to learn the about saving and counting, in the easiest manner, 1,2,3,4.......
Thirdly: They are a part of history and have even garnered a number of their own sayings:
"penny for your thoughts" : tell me what you think
"pennies from heaven" a windfall, a godsend
"find a penny, pick it up, and all the day , you'll have good luck"
"Take care of the pennies and the nickels will take care of themselves"
I could go on with the penny puns.....but instead I'll "change" my tune .
Pennies serve a purpose, always have and always will, in tough economic times, pennies will become more even more valued. Then , we'll see all those pennies, we have stashed in jars etc., will come out, and be spent. When that happens, we will think to ourselves " A penny saved is a penny earned"!
Keep the penny.