I'm not going to lie, the thought of abolishing the penny makes me sad. Call it nostalgic, but the penny is quintessentially American.
I saw this in a Stephen J. Dubner article, "What Do You Do With Your Pennies?"
The most ridiculous pro-penny defense I’ve seen in a while appeared in a full-page ad in the Times on June 21, 2006... "New legislation will attempt to DO AWAY WITH THE PENNY. What’s next, puppies and rainbows too?"He goes on to further criticize the quote and statistics included in the ad. But, really, I agree. I like puppies. I like rainbows. And I like pennies. Don't take away our shiney penny happiness.
Also check out the interesting NY Times article by Austan Goolsbee , "Now That a Penny Isn’t Worth Much, It’s Time to Make It Worth 5 Cents" that suggests to rebase the penny to make it worth five cents.
Can't a girl have some penny love?