Luxury Homes of Las Vegas cost saving idea of the month. Have you heard the rumblings about getting rid of the penny (or even the nickel)? Seems as though there are plenty of people in both camps. Recently, a blogger for the Washington Post wrote about the discussion and the fact that both pennies and nickels cost almost twice their face value to produce. The loss to the U.S. Treasury, and ultimately the taxpayer, is $105 million each year. That may seem like chump change when you consider the country’s debt, but it’s something that politicians are even looking at. Canada had a similar problem which was solved by dumping the penny and making nickels out of steel, which brings the cost of production less than the face value. You can read more here. Are you for keeping the penny or making it a relic of the past?
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