When penny becomes obsolete

[Mike Schwartz (PC Support)]

> At Fri, Jul 07, 2006 at 12:47:39PM -0500 or thereabouts,
> suspect Mike Schwartz (PC Support) was observed uttering:
> >      Without meaning to be rude, I've never heard any serious talk about
> > removing the penny coin out of circulation, if that's what you are
> referring
> 
> I have.
> 
> CNN had an article on this within the last week.  The Treasury says it's
> 
> mark->

     There have been occasional articles like this for at least 30 years,
where the Treasury has said it costs more to make a penny than it is worth.
Several of these came out the last time the price of copper sky-rocketed.

     Do you think anything will ever come of it?  No matter how much
inflation decreases the value of a cent, there will always be roughly the
same amount of cash transactions every day; probably less, due to more
credit card usage. So the number of pennies required is fairly small and
fairly constant.  Even if the mint proved that it would save a million
dollars a year by eliminating the penny, I don't think we would do it. 

     I certainly wouldn't worry about modifying any filePro code in any of
our lifetimes.

Mike Schwartz