Canada Does Away with Pennies: Should the U.S. Follow Suit?

One group is dedicated to removing the U.S. penny from circulation, while Canada has already made the move. Do you agree? Or should citizens continue to use the coins?

The use of pennies will soon be a thing of the past in Canada.   On Tuesday, Feb. 5, the Royal Canadian Mint ceased distribution of pennies across the nation, according to The Huffington Post.  The last Canadian penny was actually minted in May of 2012 after more than 150 years in production, according to news outlets this week.  Taking the penny out of circulation will save taxpayers in Canada an estimated $11 million per year, according to The Royal Canadian Mint. The coin costs about 1.6 cents to manufacture, yet it only has a worth of 1 cent, according to The Huffington Post. "The decision to phase out the penny was due to its excessive and rising cost of production relative to face value, the increased accumulation of pennies by …

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