Posted by Tramway Guy on February 16, 2012 at 12:24:20 from (67.249.37.53):
In Reply to: Double your money posted by LAA on February 15, 2012 at 22:04:10:
When I was in Australia back in 1993, they had no penny, and the prices were always to the nearest 5 cents, where we would say $4.99, they would be $4.95. I don't remember how gas pumps were labeled, but they were all in litres anyway. I think it was also the nearest nickel. I wouldn't mind eliminating the penny, and eliminating the dollar bill. The problem with the dollar bill is not that it really costs that much to produce, but rather that it simply does not last as long as a coin, necessitating a constant replacement program for bills that wear out. I say let's go for it and move on. We used to have 2-cent coins and 3-cent coins; I wonder if there was a big squawk when somebody made a decision to drop them...
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