One Dunkin’ Donuts store is taking a stand against the penny. A sign at the store reads “We will be rounding your change to the closest nickel. For example, if your change is $2.03, we will give you $2.05. If your change is $2.22, you will receive $2.20. For any customer who still would like their pennies, please just ask the cashier and we would be happy to accommodate you.” The change is designed to speed up service. Here’s hoping the initiative goes viral.In case you weren't aware, it costs more than $0.01 to make a penny (and more than $0.05 to make a nickel). So basically, every time a penny or nickel is made, we lose money. Lots of people have advocated for the U.S. to stop producing new pennies and nickels and Congress will review a bill to change the metal composition of coins to reduce production costs next year. It may not sound like much, but think about the billions of pennies and nickels out there... yeah, it adds up (more info here).
03 November 2010
In for a Penny
This is the smartest article I've seen in awhile: