Allow stores to round the price of cash purchases to the nearest nickle or dime. Transactions ending in .x1 and .x2 are rounded down to .x0, transactions ending in .x3 and .x4 are rounded to .x5, transactions ending in .x6 and .x7 are rounded to .x5, and transactions ending in .x8 and .x9 are rounded to .x0. This would be used only for CASH purchases, and is applied at the cash registered on the total price of the purchase, ...more »
Start using $1 coins instead of the paper bill, the coins last about 15 times longer. Pennies more to make than they're worth and end up being horded because of their relatively low value. I think everyone could be persuaded to agree with this proposal, but tradition will get in the way.
Call it the Small Change Act, the most a person would ever have to contribute on a single transaction would be 9 cents. I once read that the cost of making the penny and nickel, both outweigh the actual value of the coin. My proposal is similar to what some banks are starting to offer, in a keep the change program. On all *CASH* purchases, the total price, after sales tax, would be rounded up to the nearest amount, ...more »
It costs 2 cents to make a penny. Stop making pennies and round amounts to the nearest nickel.
Simply stop minting the penny. It wouldn't be missed and the government would save vast amounts in acquisition, labor, distribution, and mgt costs.