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Originally Posted by Charlatan
If the concern is over the waste of money associated with the one cent coin... why not save money elsewhere in the currency.
Get rid of the paper dollar once and for all. Replace them with long lasting coins. I can assure you it is not the end of the world.
Better yet, let's get rolling on that cashless society thing...
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Surely you jest...
The paper dollar does not cost more than US$1 to print. The problem with the penny is that it costs more than 1 cent to put a 1 cent piece into circulation. That has no bearing on your issue. In fact, printing $1 bills is cheaper than minting $1 coins. Coins are also not really less likely to be counterfeit, though $1 bills are not worth the time and effort for most criminals either. If they made $100 coins, people would make fake ones with ease. Even if they shoved RFIDs into them, that's easy to counterfeit.