http://www.cfosnafu.com/small-change-loses-ground/ Some days it should be legal to keep two sets of books Mon, 20 Jul 2009 16:39:21 +0000 hourly 1 http://wordpress.org/?v=abc http://www.cfosnafu.com/small-change-loses-ground/comment-page-1/#comment-2500 Elizabeth Buckner Fri, 21 Nov 2008 18:47:43 +0000 http://www.cfosnafu.com/?p=78#comment-2500 Who uses actual cash anymore anyway? Who uses actual cash anymore anyway?

]]> http://www.cfosnafu.com/small-change-loses-ground/comment-page-1/#comment-150 Jim Leary Mon, 09 Jun 2008 12:42:42 +0000 http://www.cfosnafu.com/?p=78#comment-150 Purely for economic reasons why get rid of the penny when it cost less to produce 5 pennies, the equivalent of 1 nickel. Do the math, 5 pennies @ $.017 = $.085 vs 1 nickel @ $.095. If our government is thinking about doing away with a coin denomination, then make it the nickel. For those American's who would rather not deal with pennies, they could always leave the pennies when they buy something and the change is given back in pennies, they probably don't need the money anyway. Purely for economic reasons why get rid of the penny when it cost less to produce 5 pennies, the equivalent of 1 nickel. Do the math, 5 pennies @ $.017 = $.085 vs 1 nickel @ $.095. If our government is thinking about doing away with a coin denomination, then make it the nickel. For those American’s who would rather not deal with pennies, they could always leave the pennies when they buy something and the change is given back in pennies, they probably don’t need the money anyway.

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