A penny saved is a ...
This week's Ada Icon poll asks the question, "Should the United States stop producing the penny?" We pose the question since Canada has decided to quit producing its penny. We invite viewers to provide opinions by voting in the current Icon poll.
Here is the basic breakdown of the penny debate. This is a synopsis of this article on About.com. http://coins.about.com/od/uscoins/i/penny_debate.htm
Yes Penny
Prices go up because everything will get rounded up, not down.
Poor people make more small purchases and so will be burdened most heavily.
Lots of little charities rely on people's willingness to give away pennies.
No pennies means more nickels. They cost more to make than pennies.
Nostalgia. Sentimentality. Change is hard.
Lincoln.
No Penny
Because they have no value as currency.
They cost more to make than they are worth.
They waste time. We average 2.4 hours per year handling pennies or waiting for someone else to handle pennies.
Making enough pennies takes the Mint as much time as making all the other coins combined.
They cost a lot of money to transport everywhere for something that isn't worth anything.
Rounding up will only cost us cents to the transaction. We don't value cents.
Stories Posted This Week
Monday, April 28, 2025
- Anabel R. McBride worked for Ada Exempted Village Schools
- Trash to Treasure STEAM program on May 3
- Student entrepreneurs compete in 2025 Polar Innovation Exchange
- Lifesaving AED installed at One More gym on E. Buckeye
- St. Mark Community Meal is April 30
- Alfes wins Medalist honors at OAC golf championships
- Wilma A. Willeke worked at Ohio Northern
Sunday, April 27, 2025
Saturday, April 26, 2025
Friday, April 25, 2025
Thursday, April 24, 2025
- UPDATED Ada Police Department assists U.S. Marshal's Service with April 21 arrest
- Honda honors Ada Technologies, Inc. for performance
- Meet the 2025 Ada High School Prom court
- Bad Dreams: Health implications
- Bulldog softball run-rules Van Buren
- Bulldog baseball loss to unbeaten Van Buren
- Ada Board of Education to meet May 15
- ONU sports roundup, April 16-22
- Garage Sale season has started on the Icons!
- Ada Gators summer swim registration is open