Tuesday, April 01, 2008

United States Cent Abolished

(I wish I would have thought of this today! :) :) :)

(Washington, D.C.) -- Edmund C. Moy, current Director of the United States Mint, announced today that the one cent piece will no longer be produced by the mint. Citing the increasing price of zinc and copper as the main impetus for the decision, Moy explained, "We have no intention of continuing to spend more than it's worth to mint the cent. The time has come to get rid of the cent and round consumer prices accordingly."

"It's about time. It's outlived its usefulness," says . . .

Full story at: CoinCollector.org

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