Back in college, I spent 5 months studying abroad in Australia. They had stopped using pennies, instead simply rounding up or down to the nearest five cents.
It was awesome! Pennies are heavy, and they’re a pain in the ass to deal with.
(Australia has dollar coins though, which are even heavier than pennies. If I had to pick, I’d rather keep pennies and use dollar bills.)
Last week Dan Pink shared this awesome video advocating that it’s time for the US to discontinue the penny. I agree!
PS: If the voice in the video sounds familiar, it’s by the same guy who brought the world The United Kingdom Explained.
Have any questions or comments about this post? Email me at firstname.lastname@example.org or contact me on Twitter at @ChrisFerdinandi.
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