NORTHLAND'S FAVORITE HITS » penny

Should the United States Get Rid of the Penny? – Survey of the Day

Jeremy Taylor — Mon, 16 Apr 2012 17:24:00 +0000

Last month Canada joined countries like Australia and Great Britain in eliminating the penny. Is the United States next? According to a new poll from Rasmussen of 1,000 American adults, 51 percent would be opposed to the elimination of the penny. Thirty-one percent favor getting rid of the copper currency and 19 percent are either [...]

Say Goodbye To The Canadian Penny

Steve Tanko — Tue, 10 Apr 2012 14:08:08 +0000

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. Starting this fall, our neighbors to [...]

U.S. Government To Change Penny And Nickel Coin Composition

Steve Tanko — Wed, 28 Mar 2012 21:43:15 +0000

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