Tuesday, December 06, 2011

The Twilight of the Lincoln Penny?

One C.G.P. Grey, who posts educational videos on YouTube, has it in for the Lincoln cent, a coin minted by the United States since 1909, though the history of the U.S. one-cent piece goes back to the founding of the Republic.

"The U.S. sure has Lincolnified the penny within an inch of its life," he says at the end of the video. [But] sooner or later, even the most ardent Lincoln-lovers will have to give up the penny. They cost more than they're worth, they waste people's time, they don't work as money, and because of inflation, they're less valuable every year, making all the other problems worse. Sorry, Abe, but it's time to kill the penny."

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