A big penny made from actual pennies. Photo by Rachel Kramer
So a friend posted a picture on Facebook of a Northern California bike shop that's banning the penny. No more Lincolns. Sales will be rounded down to the nearest nickel, in favor of the customer. It's billed as a way to help protect the environment, the economy, and our sanity.Who supports this? Who can think of a reason not to?
According to Mike's Bikes, the penny banners, single-cent coins don't make "cents" for reasons including:
- Making pennies wastes natural resources and is toxic to people and the environment, from the zinc that's used;
- Making pennies wastes taxpayer money, because they cost about 1.7 cents to make;
- Pennies waste time and money, because the average American wastes an estimated 12 hours a year handling pennies.
One last thing: While it may seem that banning the penny is a no-brainer, this movement has been going on for years. And the government keeps making pennies. Here's a Forbes story from 2002.
(h/t to Timmmii)