The Nation: A Common Cents Move

A nickel saved is a nickel earned?

Nickel-wise but pound-foolish?

Any number of maxims are in trouble if economists at the Research Triangle Institute, a North Carolina think tank, have their way. The institute, commissioned by the Bureau of the Mint to analyze U.S. coin needs, wants the Government to stop producing the penny by 1980, along with reducing the size of the dollar coin and dropping the half-dollar.

The penny is a casualty of inflation; people do not want to be bothered with it. Though an estimated 40 billion pennies are supposed to be in circulation; millions are removed each year as they...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!