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Should the United States Get Rid of the Penny? – Survey of the Day
Last month Canada joined countries like Australia and Great Britain in eliminating the penny. Is the United States next?
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Say Goodbye To The Canadian Penny
April 10, 2012 Most Americans are familiar with the Canadian Penny - especially in this part of the country: They tend to turn up in your loose change at the convenience store and then your bank won't accept them. New legislation in Canada will reduce the amount of these coins you see.
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U.S. Government To Change Penny And Nickel Coin Composition
March 28, 2012 With both the 1-cent penny and 5-cent nickel costing more than double it's face value to mint, the United States government is looking to make changes and save some money.
Treasury Secretary Tim Geithner outlined how his department will find savings, including $286 million in the next fiscal year, by changing the materials that go into coins, replacing paper with electronic communications and consolidating internal agencies