| I'm a bit amazed at this development but can | | | | not considered the rising cost to produce coins. |
| certainly understand what is causing this problem. The | | | | Historically coins have cost less to produce than the |
| United States Mint recently acknowledged it is costing | | | | value paid by the banks who receive them. This |
| more than one cent to produce a penny coin. | | | | made the process a money- maker for the |
| Apparently the rising cost of metal has put the | | | | government. |
| penny in jeopardy. | | | | Since 1989 there have been efforts to cease penny |
| According to Jeff Gore, founder of Citizens for | | | | production. A bill was introduced in Congress to round |
| Retiring the Penny, it is currently costing 1.2 cents to | | | | off purchases to the nearest nickel. In 2002, the |
| put the penny into play. The group considers this | | | | Gallup poll found that fifty-eight percent of Americas |
| ridiculous. I must admit, I too, see the hilarity in this | | | | save the pennies rather than spending them. Two |
| situation. | | | | percent of the people polled stated they threw the |
| The Gallup poll shows that two-thirds of Americans | | | | pennies away. |
| want to keep the penny coin. Of course they have | | | | |