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There needs to be some plan to phase out pennies. Perhaps have retailers round prices after tax to the nearest multiple of 5 or nearest quarter and phase out nickels and dimes as well.

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We should get rid of at least pennies and nickels (both of which cost more to make than they are worth.) The last time the US phased out a denomination -- the half-cent piece in 1857 -- it had more purchasing power than a dime does today.

Besides, if we got rid of the penny and nickel, the size of the dime would finally actually make sense.

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