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Farewell To The Penny Angel

July 16, 2010 by  

Farewell To The Penny Angel

Last week I used this space to say farewell to the king of pork. If you missed my piece about West Virginia’s rapacious senator, Robert Byrd, and the billions of taxpayer dollars he wrested for his state, click here to read it.

This week we’re going to lower the scale a bit. Well, actually, quite a bit. Instead of billions, I want to talk about the lowliest coin of them all—the penny. And let me start with a question: When you see one lying on the ground, do you pick it up? I certainly hope so. Bear with me as I tell one of my mother’s favorite tales; about the “Penny Angel” who showered so many rich blessings on her.

I don’t agree with much I read in The New York Times and an article about my favorite coin was no exception. The very first sentence had me shaking my head in disagreement. It read, “It is strewn around the sidewalks and gutters of America, amid the bottle caps and cigarette butts, not even worth bending over to fetch.”

Not worth bending over to fetch? I go out of my way to pick one up. And I consider myself lucky every time I find one. How about you?

In case you’re wondering, I’m talking about the lowly penny. In an essay in The New York Times, David Margolick wrote, “It languishes by cash registers in cheap plastic troughs or cardboard trays, yours to take or leave or ignore. Or it rattles around in beggars’ cups, making lots of noise but too puny, even by the handful, to swing a muffin or a hot cup of coffee.”

The main point of Margolick’s essay is that it’s time to do away with the poor, passé penny. The coin costs more to mint than its face value. It is a burden to business and an annoyance to consumers. It is, in short, more trouble than it’s worth.

But is it? My mother, who was a child of the Depression, hoarded pennies all her life. She taught me that there was a Penny Angel who went around scattering the tiny bits of copper for lucky people to discover. She believed that every coin she found was a blessing. And that if you ever ignored or rejected the Penny Angel’s gift, your good luck would soon come to an end.

A foolish fairy tale? Perhaps. But the lessons you learn as a child stay with you all of your life. I still consider myself fortunate whenever I see a penny lying in the street, just waiting for me to pick it up. It happened just a few hours ago and I was delighted to see that the Penny Angel was still leaving pennies for me to find. My wife, who finds my habit more amusing than irritating, has joined in the game. If I happen to overlook a coin in my path, she will point it out—and wait patiently while I pick it up.

How different it is for today’s sons and daughters. Even before they reach their teens, they have come to take for granted that their parents will purchase whatever Xbox, iPod, or other expensive electronic gizmo they want. They spend more on their clothes (or, more accurately, their parents do) than many families spend annually on food. Their parents surfeit them with every imaginable luxury. And the saddest thing of all is they do not look around with wonder and gratitude at the abundance they enjoy.

This is not going to become a jeremiad against the younger generation, bewailing the fact that “You don’t know how good you’ve got it!” It’s not their fault that they were born at a time and in a country with the greatest material prosperity the world has ever known.

And I’m not even going to launch a diatribe against their parents, many of whom are all too eager to shower their offspring with largesse. Even the ones who wonder if they should be stricter are often too cowardly to resist their children’s blandishments.

Instead, I’m just going to issue a small sigh of regret that something as quaint and as simple as picking up a penny—and being grateful for the gift—may soon disappear.

When it does, I’ll be the first to say, “So long, Penny Angel. But thank you for all the times you made me feel like one of the lucky ones, simply by placing a penny in my path.”

More About The Poor Penny
Maybe the Lincoln penny will soon be extinct. I doubt it. But even if it goes the way of the dodo bird or a gold-backed dollar, what a history it had. Here’s how David Margolick described its debut in the article I mentioned above:

“When it first appeared four score and 18 years ago, it was a matter of almost unimaginable curiosity, excitement, and veneration. People—mostly street urchins searching for a quick profit—lined up for blocks to buy them; in New York, mounted policemen were called in to control the roiling mobs. Editorialists praised it as the perfect tribute to a martyr, or denounced it as a trinket unworthy of him. Immigrants had a special reverence for it; to blacks, it was ‘emancipation money.’ But even to whites, there was something sacred about it. A New York man who’d committed suicide a few days after it first appeared clutched one in the palm of his hand, thinking, apparently, that it would bring him good luck in the hereafter.”

President Theodore Roosevelt ordered the U.S. Mint to design and produce the new Lincoln penny. He thought all U.S. coinage could use some sprucing up. Teddy decreed its release date to be Aug. 2, 1909, the 100th anniversary of Lincoln’s birth. The Boston Globe was almost giddy with excitement: “The new Lincoln cents, it seems, will be distributed the first week of August. It is so hard to wait.”

Penny fever produced some unusual entrepreneurship. As Margolick reported, people lined up around the block to exchange their old coins for bright new pennies.

“Some people near the front of the lines sold their spots for a dollar. The more impatient and ingenious hired women, who in a still chivalrous era were not made to wait. Many in what the Tribune called ‘the penny-mad crowd’ were poor children…. The resale rate hovered around three new pennies for a nickel, though it shot up whenever supplies ran low. ‘You couldn’t walk half a dozen feet,’ the Sun reported, ‘without having a grimy hand thrust out in front of you with a pile of glittering pennies in the outstretched palm.’”

By the end of 1909 the Mint had produced more than 100 million of the new coins. More than 100 years later, the Lincoln penny is the most popular coin in history. The Mint had produced 444,039,035,418 by the end of last year. (Don’t you love the exactness of the bean counters, oops, I mean the penny counters, at the Mint? No rounding off these numbers.)

With nearly half a trillion pennies in circulation over the years, it’s no wonder my Penny Angel never ran out of treats.

Until next time, keep some powder dry.

–Chip Wood

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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  • s c

    It was inevitable that the penny would be scheduled for extinction. Consider who/what makes them. Give me a pre-1959 penny, and I’ll gladly trade you a shiny new one for it.
    So Uncle Scam doesn’t want to lose any more money by coining something that costs more to make than it’s worth? Is plastic being considered for a new, non-copper penny?
    Be glad we don’t have paper pennies. Ben the Boob Bernanke doesn’t hesitate to print money that doesn’t exist, and his fellow wealth-destroyers knew long ago that when gold and silver coins were replaced by scrap metal and ‘good intentions’ that even scrap metal would someday become ‘too expensive.’
    Uncle Scam loves to make money out of thin air, and anything that threatens that easy money is expendable. Maybe it’s just as well, since a new-and-improved penny would probably be made out of plastic.
    If that ever happens, I suggest that the image of someone treasonous like saul alinsky be on that new coin. Many other names come to mind, but good old saul seems appropriate.

    • Ray

      Yes you have made a lot of interesting comments. The story on the penny angel was cute, and yes I pick up all pennies I am never in too big of a hurry to stop and pick up pennies. What everybody seems to be missing is the real point of the penny, Taxes. As long as there are various taxes you can never do away with the penny its what the original penny was made for. As look at the US money I think of all the countries I visit, the Dong comes to mind the most at 18,000 / 1. But I still say as long as taxes are required in various % the penny is required if not taxes have to be divisible by 5

      • Norman

        What a bunch of (more) crap from the illegal Osama Obama regime. I guess we should have expected something this petty to come from the dummycrat party. They must sit around with their cool aid, just trying to think of something else to disrupt the normal scheme of things. If the penny is gone, everything will be rounded off to the next nickle instead of a penny. What was a dollar ninety eight($1,98) will then be two dollars.($2.00) I write it this way because there are some dummycrats that wouldn’t be able to figure that out. So, I guess next to go will be the nickle, to round the prices off to a dime, and so on until there are no coins left. What a total joke this Osam regime is. Barnum & Bailey would have been proud to have them.

        • coal miner

          Norman,

          They being want to get rid of the penny since Reagan was in office,nothing new there.

        • http://?? Joe H.

          Norman,
          Actually if cost to produce were a real factor, all coinage would be gone. I am a coin collector so my answer to Chip would be YES, definately, I do pick up pennies, nickles dimes quarters, and halfs as well as the new dollar coins. Those may be the only exception to the cost to produce rule as they are made of pure copper core with outer layers ofof manganese brass. they weigh8.1 grams and have a diameter of 26.5 mm. Being a collector I surely hope Chip is wrong and the “lowly” penny does not cease to exhist!!! i have seen many a young kid start his collection with the pennies.

      • Tony

        WELL SAID!!!!

    • http://aol.com Mary

      Hi;
      I was told that each time you find a Penny it;s from someone you lost letting you know their watching over you and sending their love.

      • http://aol.com Delores

        I agree with Mary,everytime I see a penny I pick it up,because I also do beleive its from heaven and sent down from my son who as passed on and miss him dearly.

      • http://www.etsy.com/shop/kookiemomster48 Casey

        How beautiful! As I lost my darling husband only a bit less than 9 months ago, found pennies will now have a deeper meaning for me. Thank you.

    • JLC

      Question: If we do away with the penny, does the price of a thought go up to a nickel”

      • http://www.freedomspitchfork.blogspot.com Freedom’s Voice

        Good one JLC! :)

  • http://hotmail Joe Dennison

    I pick them every time I see one. I drives people nuts. Pennys are great.

  • Anthony

    Hey s.c. -

    I see you’re still knockin’ ‘em down with regularity.

    I can’t (and won’t) embellish on s.c.’s comments. He’s pretty much nailin’ it here. If you don’t believe him, you can YouTube the Federal Reserve or (daggummit) learn to google it up on your own… if you’ve been here for awhile, you should already have the backbone to do that, at least.

    S.C. – if ya was close by, I’d buy ya a tall cold one. John Wayne style.

  • Susan Sinclair

    Oh please. Keeping the penny for sentimental reasons is silly. We should do away with it.

    • Sharon

      I think of them as pennies from Heaven & will pick them up till I can no longer bend down..

    • Sharon

      Can we get rid of you?

      • Jimmy G

        You have my vote.

        • mike

          Funny!

    • J.C.

      Why not just eliminate all currency Susan? Start with the penny, work your way up through all the coins, then the Green Backs. How’s that sound Susan?

      Well for the rest of you who care as I do, we live in this world of ‘Fractional Reserve Banking’ with the ‘reserve’ part meaning the
      amount the banks must actually have in their vaults (Sec. 19 of the Federal Reserve Act – http://www.federalreserve.gov/aboutthefed/section19.htm ) Continue learning all the way to the bottom of the section to learn that the ‘reserve requirements may be zero(0)%….That’s right, Oct 1, 2011 banks will no longer be required to have anything to give out….

      Their Penny-Trays will be empty and Susan will be pleased….

      • Harold Olsen

        Money is pretty much becoming obsolete. Most people I know, myself included, use their debit or credit card when they buy things. I seldom see people pay cash anymore. In fact, a few months ago, I actually used cash to make a purchase and got a startled look from the clerk. When she took my money she looked at it as though she wasn’t sure what it was. In fact, in one store, the clerk asked me if I was going to use my credit card or my debit card and I asked her if she took cash. She laughed and said, “I think we do.”

  • http://biguy2007@embarqmail.com norman brandt

    keep the penney get rid of obama

    • Sharon

      Now theree is a thought, he is of less value then the penny

    • CAllenDoudna

      (No connection to Herman Caine, charismatic former CEO of Godfather’s Pizza considering a challenge to Obama)

      The Night We Tore Obama Down

      Herman Caine is my name
      And I’m a business man
      And like the Nation before me
      I took the Ballanced Budget Stand

      The Night we tore Obama down
      And all the bells were ringing
      The Night we tore Obama down
      And all the people were singing
      They sang, “Yay, and yay hooray!
      We’re finally on our way to a better day!

      My friend had a business
      And he ran it like he should
      But a Liberal mandate
      Closed his business for good

      The Night we tore Obama down
      And all the bells were ringing
      The Night we tore Obama down
      And all the people were singing
      They sang, “Yay, and yay hooray!
      We’re finally on our way to a better day!

      As we approached the year of 2012
      We were out of work
      Unemployment had swelled

      The Night we tore Obama down
      And all the bells were ringing
      The Night we tore Obama down
      And all the people were singing
      They sang, “Yay, and yay hooray!
      We’re finally on our way to a better day!

      • Richard Pawley

        Cute, but if we don’t replace Congress in three and a half months it will make little difference by 2012 who replaces Obama. IT IS CONGRESS WHO PASSES ALL THESE INSANE SPENDING BILLS and all the hidden taxes that are coming with them which you will be finding out about soon. It is Congress who passed the “health care bill” and the blood of all those who die as a result of the rationing that they are already admitting to will be on the hands of those in Congress who laugh at this now but won’t be when they pass on to their final judgement as Byrd and Kennedy did recently. I wish no man evil but how could we possibly do worse by replacing Congress in November. Sadly most people don’t realize the time lag between Congressional squandering of money and inflation and what has already been spent WILL CAUSE PRICES TO TRIPLE but it will take awhile. The Socialists are hoping they can crash the system before they are sent home and so they keep spending with little care for the consequences. Well, I wrote a whole book about what’s coming but make sure you have a couple of months worth of food on hand of the non-perishable kind and for the love of God and your country vote in November. It really is worse than most know or even I write about but we have a slim chance of slowing this down and that is this NOVEMBER. By 2012 another couple of hundred thousand will have left the country in an attempt to find a better place but what is coming is going to affect the whole world, like it or not. Get ready. It’s NOVEMBER OR NEVER!

        • Christin

          Good song CAllen!
          Richard, congress is becoming obsolete under BO.
          He is going around them, over them, and under them all the time… just like he did with the last Euopean-Socialist-Health-Care-Lover appointee who will be in charge of America’s Medicaid/Medicare Programs.

          We need Christian Constitutional Conservative Leaders in ALL branches of Government
          AND the eliminations of : the Fed, all progressives/ socialists/ communists/ facists/ dictators… in government, Illuminati/Bilderburgs… Puppet Masters who play the world’s countries
          BUT We Should Keep The PENNY… I like Penny Angels. We pick them up.

          • Vickie

            Why do you suppose Obummer appointed all these czars? Do you think that they are here to do his job for him or help him take over the House and the Senate. Maybe both! If Kaden gets the job, more and more Supreme Court judges will be leaving, and he will nominate more of his communist leftist gorillas to take over. He is an Obamanation to our country. It is time before Nov 2nd, to demand by any means necessary, to force Obummer to show his documents! This man and his minions are insane, as Michael Savage says, “Liberalism is a mental disorder.”

        • Al Sieber

          Richard, I believe you, thanks for the advice.

    • John

      Norman,
      I concur & the rest of the slime in the WH.

    • Harold Olsen

      That’s the best comment I’ve read all day.

  • jomama

    I love the story of the “Penny Angel”.
    Pennies from Heaven………..hmmmmmmm, that’s nice.

    • http://www.PennyFinders.com Tina

      Yes! Penny Angels are delightful.
      Every day they send me a coin of some sort. Some of the daily Penny Tales are hilarious and some are miraculous. I never know where I will find one. After a few weeks of finding a coin EVERY DAY, friends encouraged me to start blogging the stories because “they are like Chicken Soup for the Soul” stories – they make you smile!

      http://www.PennyTale.blogspot.com

      • Ken

        If not for the “one cent” piece, then what? How many “one cent” pieces does it take to make a “dollar”… nuff said.

  • Jan Harvey

    At the rate of spending not only will the PENNY be thing of the past. I have always been told pennies found were dropped from Heaven from ones gone. Letting us know we are watched over. I like it, and I will continue to pick up and hold next to my heart for a brief moment and have a good memory surge.

  • james

    inflation signs towards our money. not to far from now the dollar will be useless…

    2011 USA inflation 30-50%
    2012 Dollar crash

    Expect middle east war-Iran/Isreal nuclear imvolvement, war always is needed for revenue needs………

    • James

      Not that I disagree with this, but I am not the “James” who wrote it.

  • manowoods

    some might think he’s worth oh maybe 115 grains of Pb

    • s c

      Manowoods, your comment was way over the heads of a lot of people. While I can’t say that we think alike on every issue, you and I know that from now on, those in power are gambling that the boiling pot will or won’t boil over and that constitutional consequences will or won’t result.
      Let the SOBs think what they want (just like the ‘invincible’ British did way back when). Seems like some people (mainly politicians) are determined to live in interesting times.

    • JLC

      For those readers who might have flunked High School Chemistry. “Pb” is the chemical symbpl for lead!

    • ChuckL

      Thank you manowoods. I really needed that laugh.

      Perhaps we could call it a REAL STIMULUS plan.

  • GlennAz

    I am 70 and remember my boys comments when I refused to buy them a car when they came of driving age. They told me all the parents that not only bought their kids cars but a lot of them new ones. I just told them that now they knew where the greatest parents on earth were and would help them pack so they could move and be with the greatest parents on earth. Now my sons are 31 and 26 so we are not talking about that long ago. They still call me tight but I know when am gone they will be delighted with the wealth they will inherit because of this tight old man.

  • CAllenDoudna

    Chuck, I pick up pennies. Does the penny cost more to mint than it’s worth? Well, ANY coin worth the metal it’s made of will HAVE to cost more to mint than it’s worth. After-all, if the metal is equal to the value of the coin and then you add the costs of labor, processing, and shipping it will be IMPOSSIBLE to have a coin that even breaks even, let alone have it be worth more than its minting costs. But do we go barefoot because our shoes cost more than the trip to the store to buy them? We don’t go naked, do we? The loans needed to buy a house, buy a car, or go to college cost far more than the stated cost of the house, the car, or the college–but we consider college well worth the added cost, and ditto for the house and the car. (I wonder how the people who argue the penny costs more to produce than it’s worth would react if you made that same argument about student loans?)

    But look at how many times that coin gets spent! It contributes THOUSANDS of times its value to the Economy! The idea of having money worth more than its production costs stems from a fundamental lack of understanding of economics: namely, the disire to get something for nothing. But the Economy is not fooled. Inflation sets in. People in the 1920s lived as well on 15-cents an hour as we today live on $15 an hour. True, they did not have TVs and computers–but they had the things people did back then instead of watching TV or playing on the computer: books, games, ect.

    With the Government issuing fiat money that has no backing individuals are doing the same and we face a tide of counterfeit money. This would be eliminated if we went back to coins made of the metal they’re worth. And how, you may ask, is a busy store clerk to judge if a coin is real or fake? She can do that so quickly and so simply you’re going to kick yourself for not thinking of it: Every checkout stand has a scale to weigh produce on. The clerk would simply throw your gold dollars on the scale, hit “Gold” and if the figure on her cash register doesn’t match the coins one of them is fake! But instead we’re re-designing our currency.

    • ChuckL

      You left out the new fiat money. It is called “Carbon Credits”. It will only be issued in denominations too large for we ordinary people to own, but we will still pay for it in our utility bill, a little at a time.

  • ann

    I never pass up a penny I can pick up. The last one was a 1941 Lincoln with the wheat pattern on the back; it was in excellent condition having been found in a deep corner of a storage unit, not exposed to the weather. Checking online, that mere little penny is worth 75 cents now. I have a little box of coins, only 13 of them I’ve had for years. Out of curiousity, I priced them online. These particular 13 coins were priced at $70 in today’s market. Now that the penny is no doubt on its way out….better start collecting them! What a novelty they will be to our grandchildren! Maybe then, the mere penny will be more appreciated…and valuable.

    • Norman

      AHA!!! SO YOU ARE THE ONE THAT GET THEM BEFORE I DO!!! :-)

  • Kevin

    It has nothing to do with cost that we will see the penny go away. It will all be about taxes. If you have a 6% sales tax and do away with the penny, you’ll have a 10% sales tax in no time. They’ll simple say it’s the only way to keep it straight.

    • HiDesertEd

      The same faulty logic used to justify the elimination of the penny is operating here.
      Using the rounding rules of mathematics the tax rate goes to 5%. Of course, you only get that 5% round down on the last increment of the tax levied, not the entire levy. In order for the round up to occur the tax rate needs to be at or above 7.5%.

  • Donald

    I’m older than Chip and I don’t bother to pick up pennies. You can’at buy anything with a penny. Getting rid of the penny would also get rid of ridiculous pricing of goods for say $21.99.

    Talking about”Penny Angels” is like talking about Santa Claus and the Tooth Fairy. Even the Tooth Fairy knew that an old, discarded tooth was worth more than a penny and that was way back in the Great Depression.

    The days of Penny Candy are long gone and the Penny should be gone with them. Even the smallest retail shops these days have jars and paper cups with pennies that are rarely used. If the penny were worth anything, merchants would not be giving them away.

    So good buy and good riddance to the useless penny.

    • http://Yahoo Jim C.

      Old Donald sounds like he may be older than dirt and probably suffering from oldtimers and a really severe case of it..”LONG LIVE OUR PENNY”

    • Jake

      Don,
      Oh! How mistaken you are… The small trays and jars are not theere because no one wants the penny. They’re there to bring back a time of people caring about someone other than thenselves. They’re there for the perosn who make a purchase and gets a couple pennies; that won’t break the bank if they don’t keep them, so that they can leave them behind for the next person that just may be 1 or 2 short. Last reminder I had of this paractive was a small kid buying a candy bar with a fist full of coins. (dimes nickels pennies) He came 2 pennies short and the look on his face when he realized he didn’t have enough was heart wrenching. But, the smile that lit up his face when the cashier was able to tell him, “Here the last person left a couple extra pennies for you!” Boy, OH! Boy! Those two pennies made that kids day! And by the way, Yes, I did leave a few for the next person!

    • JEM

      Okey Donald, YOU may not pick up pennies but I had a friend who did. He worked in a small cafe and needed some surgery. He swept the floors nightly and picked up the coins he found there. In tme he paid for that surgery entirely with those coins,

    • ChuckL

      I may well be oldr than you are, Donald, but I am still able to understand that merchants will always price anything at the next increment below the whole dollar. The idea is to make you think $99.00 instead of $100.00.

    • Harold Olsen

      I don’t know how old you are but I’m 61. When I was a kid, if we found a penny on the ground it was like finding a gold mind. You could buy a piece of bubble gum with it. For two pennies, a Tootsie Roll Pop. A penny bought you a raspberry vine or licorice or something out of a gumball machine. All sorts of candy could be bought. Kids set up lemonade stands and sold lemonade for a penny a cup These days, all you can use a penny for is, well, if you have enough of them, use them instead of nickels or dimes or quarters. Once, I dropped about 200 of them in the fair box for my bus fair and got a dirty look from the driver. Even so, let’s keep the penny around.

      • Harold Olsen

        One other thing I forgot. If you needed to mail a letter and you did not have the right postage, which was about three cents for first class, you could tape a penny, or pennies, to the envelope and and mail your letter.

        • libertytrain

          Ah yes, I remember that —–

  • Jim King

    I pick up pennies too and will be sorry to see them go. I’m 67 years old. That being said, we cannot scream at the Federal Government for spending more than we can afford and yell “Stop!” every time an attempt is made to save money. Everything we have is someones favorite thing. The Post Office periodically tries to end Saturday delivery and everyone screams “Stop!”. Please; someone will be inconvenienced, and maybe even hurt by anything that is done to save our tax dollars that doesn’t mean we shouldn’t do it.

  • Bill

    KEEP THE PENNY. IT IS WORTH MORE THAN YOU THINK.

    OR, LET’S GET RID OF ALL COINS, HOW ABOUT THAT? LET’S JUST USE THE CREDIT CARD. [account card] GET RID OF ALL MONIES.

    • James

      Bill, why don’t we all just have a mark put into our right hand, or in our foreheads, and just wave it over a sensor?

      • Christin

        Keep the coins or go back to real gold and silver.
        No micro chips in my body for the Mark of the Beast.

  • Joe

    For some time now, I have been hoarding pennies, and will continue to do so as long as a hostile regime is destroying the U.S. from within. To me, the penny represents defiance of those who hoard trillions of dollars of wealth they have not earned, out of the reach of those who have. The penny is the coin of the realm!

  • SANDRA

    Since they want to get rid of the penny, does that mean that the different states are getting rid of the sales tax? Where I live it’s 6% and you always need pennies.

    • Robin from Arcadia, IN

      Sandra… You make an excellent point! I am sure in light of the horrible deficit our country is facing, sales tax will probably go up to 10% on a dollar. It certainly won’t go down. Getting rid of the penny will make this a necessity and we again will not have a choice.

      • vicki

        The math still doesn’t work. 10% of 1.85 is 18.5 cents. Round up (as they will do :) ) and it is 19 cents 1 dime 1 nickel 4 pennies

        As long as we have taxes based on percentages we will need pennies.
        Unless of course you are willing to let them round up to 20 cents.
        It may only be a penny difference to you (they already took the 1/2 cent) but multiply that by millions of transactions per day and pretty soon we are talking significant additional tax money to the state.

        • http://?? Joe H.

          vicki,
          there won’t be any more 1.85 prices it will be 2.00.

          • vicki

            it will be $1.85 cause I WILL undersell my competition. I might even make it $1.99 just cause the tax would be annoying. :) People will buy my product cause it is as good and 1/5th of a nickle cheaper.

            Sooner or later my competition will catch on and lower their price so the customer pays $2.15 after tax and I will have to lower my price to stay competitive.

          • vicki

            it will be $1.85 cause I WILL undersell my competition. I might even make it $1.99 just cause the tax would be annoying. :) People will buy my product cause it is as good and 1/5th of a nickle cheaper.

            Sooner or later my competition will catch on and lower their price so the customer pays $2.15 after tax and I will have to lower my price to stay competitive. (Above presumes 20% tax rate :)

      • ChuckL

        10% tax on $5.35 is 53.5 cents. Any way that you round it, you still need pennies.

        • Harold Olsen

          Not if you rounded it to the nearest nickel. And they’d most likely always round it up not down.

    • Harold Olsen

      Only 6%? Lucky you. Where I live, it’s something like 9.2% and they are talking about raising it.

  • http://www.TomBlairEA.com Thomas Avery Blair EA

    I understand perfectly why the penny is being discontinued.

    First, the U.S. Congress assessed the “penny angel” gift taxes for giving away so many millions of pennies.

    Next they diminished the useful metal content of the basic coin to insure that no one outside the government and the national banking industry could recover the combined and multiplied loss of value of the penny, nickel, dime, quarter, half dollar, dollar, etc. to the guy on the street.

    Third, they wantonly published “fiat” currency (paper and electronic) to either entice or otherwise force the American public to submit to their arcane and un-American oligarchy-style of power domination over the society…intending to make everyone, and I do mean everyone, and for generations to come, dependent upon the federal government from cradle to grave for every aspect of human life, liberty (or lack thereof) and the (crippled) pursuit of happiness.

    But not to worry, the American people got and will get exactly what they deserve as a nation for electing Obama and his cronies into positions of power, but individually, God will take care of his children…leaving Obama and his henchmen (and henchwomen) to rule over the mindless morons that lend (or rent to him) their continuing mindless support.

    Of course, my comments mean little to most, and that’s okay, but boy, do I ever feel better for having said it! :)

    Respectfully submitted,

    Thomas Avery Blair, EA

  • MidnightDStroyer

    The way I see it, the penny has more intrisic value as a commodity than any denomination of Federal Reserve Note could possibly aspire to. The penny is made of copper, with value according to its utlity in various industries.

    However, ALL FRN’s are nothing more than “cedrtificates of debt” to the Federal Reserve Bank. They DO have the full Right of Ownership to each & every one of them, no matter what number is actually printed on them: the Fed Bank LOANS them out to the government & the public for circulation in the economy, but they have the full expectation to get every one of them back, eventually. Therefore, every FRN you have in your possession is a DEBT owed to the Fed Bank! For that matter, it only costs the government something like 3 cents to print any FRN, no matter what denomination & that’s a cost the government takes from us in the form of taxes anyway!

    As far as it goes, every penny you have is a commodity of value in your possession…Every FRN in your possession is a CERTIFICATE OF DEBT, therefore it constitutes a NEGATIVE VALUE as far as YOU’RE concerned!

    Getting rid of the penny is just another step closer to a complete Fed Bank use of its CORPORATE SCRIP in our economy…At least the penny has value, while the FRN is not linked to anything of value: Recall your history, in that Nixon was the President that severed the gold/silver standard from our money! The penny is worth more for its value in copper than the FRN is worth for its value as paper.

    • Richard Pawley

      Actually the last copper cent was made over 25 years ago. (By the way we have never had a ‘penny’ in this country. That’s a British denomination but when we made our first official ‘copper cent’ back in the seventeen hundreds it was just that, a CENT. However, the custom was established to call the lowly copper a penny and we have continued to do this for more than two centuries now. Today cents are made from zinc, and they are copper coated. If you are careful you can hold one over a gas flame with an insulated pair of pliers and the white zinc will ooze out of it. Of if you heat it just enough you can drop it and have a crinkled cent. Usually, but not always, you can tell the age range of a person by whether they pick up a cent. Those who do are generally over 50 and they remember when you could buy something with a cent, like a stick of licorice or a penny tootsie roll. Of course they could be coin collectors – so much for that argument. I used to pick up cents but no longer. I still pick up nickels but I have seen people discard them along with their cents after buying coffee at work. I have also been offered a hundred dollars worth of cents by a coin dealer for $90 (I think he paid $80) all collected from wishing wells. The banks won’t take that amount and they are not even legal tender in more than something like 50 or a hundred. No other country that I know of has a coin as valueless as a cent and most don’t have any paper bills as valueless as a dollar. Possibly the new ones cents could be ground up for the Zinc and used as fertilizer in our zinc depleted soils. I recall reading that some ten tons of rusted 1943 cents which were made of steel and coated with zinc (because we needed the copper for bullets during WWII) were buried in concrete in one of our dams when it was being constructed (as the cheapest way to get rid of them). All of our money these days is make believe anyway so I have no opinion on what is best but I thought some of you might find this interesting.

      • Richard Pawley

        By the way if Nixon hadn’t have severed the link between gold and the dollar our country would be in better shape. We would have gone bankrupt years ago and by now would have recovered. The country had something like 790 million ounces of gold some 55 years ago but we were saying the dollar was worth 1/35 of an ounce of gold when the rest of the world knew it was worth over $40+ dollars an ounce. So when we bought a VW or a Mercedes or French wine or anything foreign those smart foreigners would take the dollars we gave them for their stuff and buy gold from our treasury at $35 an ounce and sell it to anyone for around $44. They were making a killing and in less than ten years the gold in our treasury went from 790 million ounces to 267 million ounces which these days less than one ounce per person. Since there has not been an official audit of how much gold we still own, in over 50 years we could be totally broke. The gold is still there in Fort Knox but it is a state secret who owns it, national security and all that. Remember we have one chance and one chance only, and that is to replace Congress in November. We can’t stop this train wreck but we can slow it down with a mostly new Congress. Even with Tea Party Conservatives who believe in pay-as-you-go food and other stuff is going to triple in price within the coming years but it we keep squandering all the borrowed money we can get or tax or print then it will be much, much worse than that. Remember, it’s NOVEMBER OR NEVER!

        • ChuckL

          Gee, Richard, I didn’t know that Richard Nixon was president in 1933.

          On June 5, 1933, Congress passed House Joint Resolution (HJR 192). HJR 192 was passed to suspend the gold standard and abrogate the gold clause in the national constitution.

          Perhaps you can clarify this. Or do you just not wish to acknowledge that Democrats did this to us also.

      • http://?? Joe H.

        Richard,
        Actually you are wrong. Banks here will take any amount you bring in, which is why I can’t see your story about buying a hundred dollars of pennies for eighty or ninety dollars being true. I can sell 100 dollars worth of pennies at either of my coin clubs for 100+ and no problem. If your story is true the man was a fool, which would prove the proverb of a fool and his money are soon parted!

    • vicki

      If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating.
      http://coins.about.com/od/uscoins/f/copper_to_zinc.htm

  • http://PersonalLibertyDigest Linda

    Long live the penny, get rid of the trash in the white house

  • http://onlibertyschool.com ChrisNJ

    I think that Kevin above came closest to the practical question: if you ‘ban the penny’, how do you make change? Do you ’round up or down’ to the nearest nickle? What do you want to bet that the necessary new rules of accounting and change-making will be jiggered to ensure that the tax calculated is maximized?

    Of the very few responsibilities actually enumerated to the federal government, the minting of coins seems to be only one of the many legitimate responsibilities that those working for us would like to shirk, in favor of ‘sexier’, more lucrative, and more profitable areas of citizen life – like running car companies, banks, insurance companies, hospitals, doctors offices, restaurants, bars, … and on and on.

    Lucrative and more profitable, that is, until those who work in government because they are incompetent at anything else, get their grubby hands on them.

  • Doug Patt

    Let’s be realistic. The penny was worth more during the depression than the nickel is now. It costs more to mint than it is worth. We as taxpayers have to pay for that. Let the nickel be the new penny. With pennies gone the way of the dodo, the nickel will be what everyone picks up.

    • JEM

      So it costs more than the penny is worth to mint it?? That might hold water if – and only if – it were used one time and discarded. How many hands does any given coin pass through? I’ll bet we would all be surprised if we could add the times that penny or any other coin “makes change”.

  • Lesperance

    The penny has, since mid 1982, been stamped from copper-clad zinc. So the post-1982 pennies have hardly any copper in them. I always sift through my pennies and cull the pre-82′s, keeping them in a special jar. The best way to check the content for yourself is to scrape off a small portion of the cladding with a file to reveal what’s beneath. The zinc will appear silver in color, copper won’t. Also, on some hard surfaces, if you drop an old copper penny you may detect a clearer ring than that of a zinc penny. The patina of an older penny will also be different than that of a newer zinc type. With zinc pennies that have been stored with dissimilar metals in a moist environment, you may also see anodic corrosion on the penny itself.

  • bp

    Thank you, Chip! You are not the only one. I never pass a penny by! It’s an attitude of gratitude. To be faithful (grateful) in little is required to be faithful (grateful) in much. “In God WE TRUST”!

  • http://www.truedawnrising.blogspot.com Jerry D

    And depend on the price of everything to be rounded up to the nearest nickel. That means more money out of our pockets. It’s just another way to steal more money from the American people. There is obviously an concerted effort on behalf of progressives/socialists to bring the American standard of living down to that of the rest of the world.

  • VMCox

    We have needed to get rid of pennies for a long time and it has nothing to do with the President. When a purchase amounts to $9.98, it will be rounded to $10, when it amounts to $9.97, it will be rounded to $9.95. Pretty simple and easy to do. We also need to
    stop making $l bills, that last a very short time, and are expensive
    to make. The trouble with accomplishing this is they always ask first, and the people say no,no. The Canadians didn’t ask, they just replaced the $l and $2 dollar bills with coins. The coins are much more efficient and less expensive. If we really want our government
    to save money, wherever possible, then we should support, the demise
    of the penny and the $l bill.

  • George Marshall

    We were illegally taken off the gold standard many years ago. This allowed the price of Gold to soar from $35 oz. to over a thousand dollars an oz. Following Gold was all metals including copper. That is why it cost more to make a penney-than a penny. This was/is a main cause of inflation as home building, etc. has increased. In spte of the government stating that inflation is low, actal net retail costs have increased dramatically. [Net cost is the cost per unit wight or volume. ie. the 6-7/8 oz. of Tuna Fish is now 5 oz.]

  • http://www.PureHeartsInternational.com Geoff Pace

    The penny is what is keeping everything from being rounded up to the next 5 cents. Now that is common sense/cents!

  • http://none Gary

    I collect coins, hence I go thru thousands of cents every week. I am in favor of abandonding the current 95% zinc cent. Have any of you seen how awful many of the coins look these days? There has even been a dramatic change in the last couple of years. The government has discontinued removing old ones from circulation, so many of them are so corroded, dirty and rusted, you don’t even want to touch them. However, we need some kind of cent, perhaps plastic. The sales tax tokens of the 30′s worked quite well. Anyone who wants a cheap hedge against inflation can save nickels, then, as a five cent piece is worth more than 5 cents intrinsically.

  • What Name

    I cannot believe that anyone in the boomer generation is still stuck on old-fashioned ideals of their parents’ and grandparents’ generation – picking up dirty pennies off the ground – what kind of germs are you picking up along with them. And, any kind of silly thing of Penny Angels – I’ve never heard of that and I am in my later 50s with a husband in his mid-60s – and I never even heard my parents or grandparents say silliness like that. It is about time we do away with the penny and the dollar bill – how old fashioned and stupid we must look to other countries who have currencies that are not worthless like the pennies and dollar bills (it costs more to produce those pennies and the dollar bills than they are worth – and, the right wing wants to save money – wouldn’t that be a good way). Oh, wait, I forget who I’m talking about. Anyway, get over the love affair with the penny – it’s outdated, outmoded, old-fashioned, and a major PITA to haul around any just to end up giving them to stores to put in the penny containers for others who don’t have pennies.

    • Grey Wolf

      First of all What Name, picking up dirty pennies or coins in general is something that people have been doing since ancient times. Germs be damned! I’m sure if you saw an old silver dollar, circa 1935, on the ground, you wouldn’t hestitate to pick it up. By the way, the silver value in that coin is worth $17.55 at this moment, too. It’s also highly unlikely that a person is going to get sick from the germs on a coins. As a numistmatist (coin collector) for over 45 years, I pretty know well what I’m talking about. As for the $1 bill, let me ask you ths question. If I buy a $1 lottery ticket & give the cashier a $5 bill, how am I going to get my change? I could go on with more examples, the car wash, the coffee shop, etc.
      You also make the statement that it costs more to produce pennies & dollars bills than their worth. Wrong! The government actually makes money putting pennies & $1 bills into circulation. It’s about 1/3 of a cent to produce one cent! As for a dollar bill, printing costs are neligilble. Besides, I consider Federal Reserve notes worthless anyway! And by the way, I still consider the ideals of my parents & grandparents very esteemed. As a matter of fact, I consider the ideals of the ancient past in very high esteem. And for your information, the penny or its equivalent is still produced in other countries including Canada. You may think its outdated, outmoded, etc. but it isn’t. Also, remember what is silly to you is near & dear to someone else, & vise versa! I’m sure I’d find some of your beliefs appalling. Also, as someone who works in the publishing field, you need to work on your syntax.

    • http://?? Joe H.

      What Name,
      That is one of the problems with the now generation. No resistance to germs. They use hand sanitizer, anti-bacterial soaps, all kinds of antibiotics till they have no natural resistance to germs. For example, I haven’t had a flu shot since I was in the army in 1969 and when the hospital would not provide someone to sit with my handicapped son when he had the swine flu, I sat with him for a week in the hospital only leaving to relieve my self and one time to take a shower. I never even got the sniffles. I have never once used hand sanitizer, I only use anti-bacterial soap because of my son being medically fragile. I have a very high resistance to germs!

  • Annie Ladysmith

    The copper value in the older pennies is worth more than promisary notes they call money.

  • SAL

    keep the penny– every time you do something, buy some thing, go on the internet– how much money you are spending ends up with a penny

  • Tom Lee

    I have never seen so little knowledge in one place. Ignorance should not be shared. Leave decisions on what money should be issued to people who understand the process, not to foolish tales of angels and heaven. Tom

  • John G Wotzka

    Doing this will cost us 2 1/2 cents evey time we buy something and raise our taxes 2 1/2 %. Than it will be get rid of the 5 cent piece and on and on until we lose more than we make.
    John G Wotzka, San Diego

  • Ncrdbl1

    Ever consider how much prices will increase if every price has to be adjust upward so that it comes out to an even multiple of .05 after taxes. Just ask Mc Donalds how much more they make each year by having a $1.00 menu instead of a $.99 menu as everyone else. In our current economic situation the last thing we need to do is to raise prices. That will happen soon enough anyway.

  • Ncrdbl1

    What Name Says:

    Dear the purpose of any currency is to be used in our economy. The argument that it cost more to produce than it’s face value is irrelevant. The cost it would have to the economy far out weighs the money saved by not producing the penny. If there was ever a perfect example of the phrase “a penny wise and dollar foolish” the plan to discontinue the penny is it.

  • alpha-lemming

    I’m skeptical…. it probably makes more sense to get rid of the paper dollar, replace it with a coin (one with some actual equity in it), and MAYBE begin printing a $2 bill… but that’s not the conversation here. Government is infamous for percentages dealing in fractions of pennies. Think about it gang… with our $3 trillion annual budget and the “rounding off” of the fractions of cents… that’s $30 million up in smoke to the rat-hole of DC. Now extrapolate… no more penny… the samllest coin being a nickel?? They just multiplied their “gee I don’t know where the money went” theft by 5 (uh.. that’s $150 million to you prog/lib/dem commies out there). I reiterate… I’m skeptical… VERY!!

    • http://?? Joe H.

      alpha,
      They do print a two dollar bill!

  • Marilyn

    I pick up a penny whenever I see one. Exception, urnals. Those pennies add up! Today, three hundred pennies buys a loaf of bread- good bread.

    • vicki

      And if you make your own bread it will buy a LOT more than 1 loaf of good bread. :)

      • mike

        I dont know about that, we make our own bread, soap, grow 3 gardens + more. But I dont think any of the products we produce ourselves are less expensive in the long run. Healthier and better quality for sure, but if you put the pen to paper, not cheaper! Its a give and take, I like homemade things and thats all that will be left after the obama nation gets finished with the nation.

  • Earl, QUEENS, NY

    Unless we see positive HOPE and CHANGE in the 2010 and 2012 elections, pennies may become our only change, and all that we have. WAKE UP AMERICA!! Vote wisely in the future. And in November 2012, VOTE to make 1/20/2013 the END OF AN ERROR!!!!!

  • vicki

    All you folk who don’t want your pennies please do send them to me. New ones, old ones, doesn’t matter. I will give them a good home. :)

  • Jack

    I love pennies, and whenever I see one on the ground I pick it up. To quote Benjamin Franklin, “A penny saved is a penny earned!”, so why not pick up a penny? That money adds up.

  • Raggs

    Well then…. If the penny becomes a thing of the past that will mean that the only other way for the government to take more than what you owe is to seize the next rung on the ladder. Of course this will naturally work in their advantage….

    So how about let’s do away with the dollar, the twenty, the fifty and the hundred to make it easier for the theives on capitol hill to take from us.

  • Matt Levine

    It costs more than one cent to produce the one cent piece. It’s a bother and a burden. That burden and extra expense COMES OUT OF OUR TAX DOLLARS!!! To keep producing them for sentimental reasons is absurd. Keep the ones that are in circulation, in circulation. STOP MAKING NEW ONES!!!

    • Vicki

      Since they pay the cost in worthless paper why do you care. They just print more paper dollars to cover the “cost”.

  • http://www.cbsnews.com/stories/2007/03/29/60minutes/main2625305.shtml cemott3rd

    While they’re at it they should get rid of the nickle too.

  • chuck b

    they are working on getting rid of the dollar and doing a real good job at it.

  • Only in America

    When a washer costs more than a penny it is bound to happen.

  • http://gmail i41

    Get rid of the penny or the nickel and, the government will just raise the tax per dollar a flat 10 – 20 cents per dollar. Or the USA will operate on plastic instead of currency. It will make it easier for government to track all transactions, which is what the marxist democrats are dreaming up and purposing, as stated by Lannie Davis, Hillary Clinton has stated she thought the citizens should get spending credits issued by the government, she thought it would be easier to stop black marketing and transactions where the government was getting its share. This was said in the “Whorehound” Willie early years in office. If you don’t like Omoron, Hillaryu is way smarter and will use any assets for their full use, she is one snaky witch.

  • billyboyC

    I stoop down and pick up a penny any time I see one. I also collect aluminum cans. These people are correct that do away with the penny will raise taxes to I think 20%. Let’s get this straight PC equals====
    PEOPLE for CHRIST.

  • Jeff Haberman

    Love the stories about the penny but this one is one of my favorite and a real good reason to keep them around!

    A Penny & the Truth

    Several years ago, a friend of mine and her husband were invited to spend the weekend at the husband’s employer’s home. My friend, Arlene, was nervous about the weekend. The boss was very wealthy, with a fine home on the waterway, and cars costing more than her house.
    The first day and evening went well, and Arlene was delighted to have this rare glimpse into how the very wealthy live. The husband’s employer was quite generous as a host, and took them to the finest restaurants. Arlene knew she would never have the opportunity to indulge in this kind of extravagance again, so was enjoying herself immensely. As the three of them were about to enter an exclusive restaurant that evening, the boss was walking slightly ahead of Arlene and her husband.He stopped suddenly, looking down on the pavement for a long, silent moment. Arlene wondered if she was supposed to pass him. There was nothing on the ground except a single darkened penny that someone had dropped, and a few cigarette butts Still silent, the man reached down and picked up the penny. He held it up and smiled, then put it in his pocket as if he had found a great treasure. How absurd! What need did this man have for a single penny?

    Why would he even take the time to stop and pick it up?Throughout dinner, the entire scene nagged at her. Finally, she could stand it no longer. She casually mentioned that her daughter once had a coin collection, and asked if the penny he had found had been of some value. A smile crept across the man’s face as he reached into his pocket for the penny and held it out for her to see. She had seen many pennies before! What was the point of this?”Look at it,” he said. “Read what it says.” She read the words ‘United States of America ‘ “No, not that; read further .

    “One cent?” “No, keep reading.”"In God We Trust?” “Yes!” “And?”"And if I trust in God, the name of God is holy, even on a coin. Whenever I find a coin I see that inscription. It is written on every single United States coin, but we never seem to notice it!

    God drops a message right in front of me telling me to trust Him? Who am I to pass it by? When I see a coin, I pray, I stop to see if my trust IS in God at that moment. I pick the coin up as a response to God; that I do trust in Him. For a short time, at least, I cherish it as if it were gold. I think it is God’s way of starting a conversation with me. Lucky for me, God is patient and pennies are plentiful!”

    When I was out shopping today, I found a penny on the sidewalk. I stopped and picked it up, and realized that I had been worrying and fretting in my mind about things I cannot change. I read the words, “In God We Trust,” and had to laugh. Yes, God, I get the message!

    It seems that I have been finding an inordinate number of pennies in the last few months, but then, pennies are plentiful! And, God is patient..

  • mike

    I was just wondering how much it costs to produce a modern penny? I realize zinc is cheaper than copper, but is it less than 1 cent cost to produce?? Just seems like a waste. I get the tax and price hike points so dont attack me please! Why cant we round down the prices? Hahaha good one! I vote we keep the penny and get rid of all the democrats & liberals. Maybe we can fill their pockets with pennies and drop them into a sink hole. I hear kalipornia has lots!

  • Laura TN

    I liked your Penny story. However what was TR thinking? Abe’s birthday was on Feb. 12, 1809 instead of Aug.2. We used to celebrate both Lincoln’s birthday and Washington’s when I went to school.
    Laura, TN ( I went to school in PA}

  • Lynnwood

    Warren G. Harding was not the worst president of the USA. The worst one is the current one. In my estimation, Harding did more good for the country during his unfortunate short stent as president (1921-1923) than most 4 year presidents we have had. Furthermore, the most liberal presidents have been the worst: Wilson, FDR, LBJ, Nixon, Carter, and, to a teetering extent, TR and Taft.

  • http://BobLivingston Melveta Seely

    I have always loved Pennies from Heaven….anyone remember the song? I also like picking them up….good luck. Our luck is not in or with the Obama Heussein—Barrack agenda. The agenda will change America forever. We need a congress that knows that, a public that knows that and we need voters to GO TO THE POLLS…along with POLL WATCHERS so that you know your vote is counted…from this day forward. Don’t let the Black Panthers intimidate you either…like the recent case that was dropped by the “White House” crooks….yes, they are all out and out crooks. If they were on the street in my town doing what they do, they would be arrested. If OBAMA doesn’t like the Congressional Rule, he will Veto it. The American People in this great Republic does NOT have a chance in H—- of being free ever again if this continues.
    Get a $1.00 book of the Constitution, read it along with the ammendments. You might learn something. Till next time…until we loose our internet freedom, which is now in the works…just wait and see….won’t be “free speech” either. Have sweet dreams.
    Melveta

    • Harold Olsen

      Everyone should own a copy of the Constitution. But be careful. I understand that there are altered versions of the Constitution out there that have a–not just a liberal slant to them–but a decidedly socialist slant to them. One version has apparently added to the first amendment the “separation of church and state” clause that was never in our Constitution but only in the USSR’s constitution.

      • Lesperance

        Harold, I’d be interested in knowing who produced the altered copy of our Constitution. Is there any way you could find out? Thanks…

  • R McCoy

    Well, pennies will certainly not be needed during the coming hyperinflation. Neither will nickels, dimes, quarters, or dollars and for that matter, fives or tens may become nearly worthless. The metal in your pennies and other change will be worth far more than their face value.

  • Jim H.

    Find a penny, pick it up and all the day you’ll have good luck. Canada got rid of their penny. I have some Canadian penny’s I’ve collected. I might have more Canadian penny’s than most Canadians.

    • http://?? Joe H.

      Jim,
      As of the year before last, the Canadian cent was still being produced.

  • Lisa A.

    I always pick up a penny when I see one– and save them in my bank at home- They eventually add up and the pennies saved add up to a few dollars I can use towards topping off my gas tank at the gas station, or a small grocery purchase. The Penny has a place and must remain.

    The writer of the New York Times article referred to in Chip Wood’s article has an arrogant attitude and needs to get back down to earth–where the pennies can be found.

  • American Citizen

    Yes, I pick up any coin I find. Sometimes I Iet them lay for someone else to find.

  • http://none gary

    A “penny” is a foreign coin. The coin you are referring to is a CENT. A penny is the coin we fought the revolutionary war to get away from. Sometime take a look at the coin you say you are so fond of, and you will not find the word penny on it anywhere. When Franklin made his famous quote, we were a British colony using pennies. At that time two pennies could buy a loaf of bread.

  • http://aol SueSue

    With all that is going on in the world right now you would think we could find better things to do. I believe if you pick a penny up you have an Angel watching you. And right now we need all the Angels to watch us.

  • Dana P.

    I had a friend tell me in 1987 that the government was going to wait until the last survivors, of the Great Depression, had passed away, and then the government would completely abolish cash. Do you think there is any truth to that theory?

  • Dana P.

    … and to co-inside with all the other comments, I make sure I always pick up any coin I see!

  • mary j

    Save a penny double it ever day for 30 days and see what you have at the end of that 30 days Day one 1cent -Day 2-2 cents =Day 3-4 cents, Day 4- 8 cents ..And so on for 30 days. Then tell every one you don’t like pennys.

  • http://personalliberty.com Johnny Mccollum

    Well, I consider a nichol face up relates to 5 angles that are there for you . It was condensed so that everyone won’t pick them up and you will receive all of their wishes for good luck.I recently found it at Picks Peak at colorado springs while at the top of the montian.

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