Now, yours truly is seeing that Canada has nodded in agreement -the one cent coin is to be phased out pretty soon:
Mr. Flaherty, whose department described the penny as a “nuisance” in budget documents, said the 2.35-gram coin is now more trouble than it’s worth.
“Pennies take up too much space on our dressers at home,” Mr. Flaherty added. “They take up far too much time for small businesses trying to grow and create jobs.”
The last one-cent coin will be minted this April, ending what federal officials say is close to 150 years of Canadian penny production. The Royal Canadian Mint will stop distributing pennies to financial institutions in the fall of 2012 and the government will work to withdraw one-cent coins from circulation.
We love to act in mimicry of what's foreign, so maybe now we shall follow suit? Because, to continue as we've been going just...