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No penny-ante matter ; We love the loonie, but hate the penny, so why don't we get rid of it? Well, there are advantages to keeping the one-cent coin that you might not have considered
[Ontario Edition]
Toronto Star - Toronto, Ont.
Author: Ferguson, Rob
Date: Oct 14, 2001
Start Page: C.01
Section: BUSINESS
Abstract (Document Summary)

We discard pennies at checkouts. Why wait for a few cents? We warehouse them in old mayonnaise jars, ignoring their collective worth. We drown them in public fountains __ for fun. We render them homeless in take-a-penny, leave-a-penny trays. Only the needy, either of luck or of the slightest remuneration, pick pennies off the sidewalk any more.

At best, we toss pennies into charity coin-collection containers like the UNICEF boxes carried by children at Halloween, causing trick-or-treat traffic tie-ups as we painstakingly insert one penny at a time.

One alternative is including taxes in the purchase price. Fudge a penny here and a penny there, and it's easy to make the final price come out to an even dollar or a multiple of five, so the smallest denomination coin you'll receive in change is a nickel.

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