US Penny Support Remains Strong Despite Canada's Decision to End Penny Distribution Significant Differences Exist in the United States

Canada's decision to cease distributing pennies on February 5 doesn't portend the end of the cent in America. There are several reasons why the US won't follow Canada’s example any time soon according to Mark Weller, Executive Director of Americans for Common Cents.
 
Weller cited three reasons why Canada's decision to stop producing the penny is different from the penny in the US.
 
First, the Canadian Finance Minister acted to stop penny production by executive fiat. Such an action made unilaterally in the U.S. without Congressional direction would likely meet widespread opposition, Weller said.
 
Also, unlike Canada, there is still widespread support for the penny in the US. Over two-thirds of the public want to keep the penny according to a March 2012 Opinion Research Corporation poll commissioned by ACC.
 
Apart from process differences and public support, the financial impact from estimated savings in Canada is different than in the US. Canada has estimated savings of $11 million per year through penny elimination. In contrast, Navigant Consulting has found that elimination of the US penny would actually cost $10.9 million. Their February 2012 study noted that Mint fabrication and distribution costs include fixed components that will continue to be incurred if the Mint eliminates the penny. Also, under current Mint accounting, the nickel costs eleven cents to manufacture. "It's hard to see how you save money by making more nickels that are losing more money," Weller added.
 
Canada originally planned to end penny production in the fall of 2012 but delayed the decision due to protests from businesses. Retailers did not want to implement a confusing scheme of rounding transactions to the nickel over the holiday shopping season. Americans are concerned about rounding as well. Weller said, "the public hates the idea of rounding to the nickel, which is the alternative to the penny." Over 77 percent think merchants will raise prices to compensate for loses due to rounding according to a Gallup survey.

Health nutrition is an significant part of leading a good lifestyle. But can medications help us? Online is an easy technique to purchase medications. For example Some medications used for some infections, such as several infections of the urine. You may also be prescribed it to protect you an contagion from occurring if you are at especial risk of getting an infection. Sure thing most famous is Levitra. Levitra is a medicament set to treat few upsets. What do you already know about cialis or viagra? Our fabric focuses on the treatment of erectile dysfunction and sildenafil citrate vs tadalafial. (Read more viagra vs levitra). Drugs, sure, is going to improve your being. Sometimes men who drink excessively like marijuana find it inconvenient to maintain an erection and turn to prescription medicines for a temporary solution. If you have annoyance getting an erection, it's essential to visit a certified heartiness care professional before ordering any sort of medicaments. Preparatory to buying Levitra or any other medicine, tell your druggist your health story. The physician may cite you to other professionals, like sex therapists and other counselors. Doubtless the physician will take into account potential drug interactions with Levitra, your age and any previous experience you have had with the medicament.

 

President's Day - A Time to Celebrate Abraham Lincoln and Cheaper Pennies

President's Day gives us the chance - at least once a year - to recognize Abraham Lincoln's immense contributions to the country and a legacy that continues to enrich us daily.


President Lincoln is a unique cultural and historical figure," said Mark Weller, Executive Director of Americans for Common Cents. "It's not just that the front of the penny has had Lincoln's image since 1909, it's what Lincoln did for our nation," Weller added "He possessed all the qualities we want in a president -- the ability to unite a divided nation, honesty, strength, and humility," Weller concluded.


For the full press release, please click here

 

Special Announcement!

Pennies for Pasta and Pennies for Patients

These are run by The Leukemia and Lymphoma Society through its local chapters as part of its renamed Student Series program:  www.studentseries.org

For more information, you should call your local Chapter which may be found by going to the Society's website at: www.lls.org

Please note Americans for Common Cents does not get actively engaged in any fundraising activities.

Collapse of the zinc market means the penny is cheaper to make; saves taxpayers!

A collapse in metals prices means U.S. coins, including the penny, are less expensive to make. The penny has reached its lowest cost in seven years. Each 1-cent coin, made almost entirely of zinc, now costs the taxpayer much less to produce and its likely to stay that way for the foreseeable future.

Click here to read more.

More than Two-Thirds of Americans Still Favor Keeping the Penny

Recent Poll Shows Increasing Penny Support and Concern About Price Increases If Penny Is Eliminated

WASHINGTON--(BUSINESS WIRE)--A poll released today by Americans for Common Cents (ACC) continues to show overwhelming and increasing support for the penny by the American public. 68% of those surveyed favor keeping the penny in circulation, representing a slight increase since the last poll in 2012.

"These results confirm the strong and unwavering support the penny continues to receive from Americans," said Mark Weller, Executive Director of ACC. Weller's group includes more than 50 organizations that support continued production of the penny.

For the full article, please click here

Contact Us

Americans for Common Cents
1900 K Street, N.W.
Washington, DC 20006-1102    
Phone (800) 561-7909
Fax (202) 408-6399
This email address is being protected from spambots. You need JavaScript enabled to view it.

Our Two Cents

twitter Bird more info...!

Facebook