How Americans Feel About the Penny
What's more, 100 million pennies are thought to be out of circulation or lost forever, buried deep in sofa cushions or out of arm's reach under the passenger seat of the family Buick.
If all of the pennies in circulation were lost, that would be just fine with most men in the country (women don't feel the same way).
Spectrem Group's Millionaire Center just released a survey indicating where the lowly penny stands in the eyes of the American public -- or in some cases, where it should just roll away for good.according to Coinupdate.com. (It costs 9.41 cents to make another coin decreasing in popularity -- the nickel.) And for the eighth consecutive year, the penny has generated a net loss for the taxpayer, losing $55 million in 2013 (after losing $58 million a year earlier). In the past seven years, the penny has cost taxpayers $573 million, Coinupdate.com says. But there's no discernible movement in Congress to shed the penny, and no real clamor from lobbyists or consumer groups to start one anytime soon.
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