Former journalism student from many decades ago, Hank Daniszewski, writes in the Freeps, [h/t Joe]
THE PENNY PROSECUTOR
Pulling the plug on the penny can’t come soon enough for John Palmer, a retired economics professor in London who’s long been one of the nation’s leading proponents for abolishing the penny. He even appeared before a Senate committee studying the issue.
Besides its high production cost, Palmer argues pennies have long been useless as currency and are a nuisance for retailers and consumers.
“I’m surprised merchants have not been making more changes in anticipation. I see more ‘penny cups,’ but merchants have not started rounding out prices,” said Palmer.
He said Canada should soon take the next step and eliminate the five-cent coin.
“Some people will feel nostalgic, but I don’t think most of us will miss the penny much.” said Palmer.
"The Penny Prosecutor"????
Note: when production AND distribution costs are included, it cost up near about four cents per penny to produce and distribute the coin. Let's celebrate!