Is it penny-wise or pound foolish?: New legislation says it doesn't make sense to make cents, but not everyone is ready for such change.

From: Newsday (Melville, NY) | Date: July 25, 2006 | Copyright information

Byline: Tania Padgett

Jul. 25--A penny for your thoughts. Well, maybe, just your thoughts, because the penny as we know it could be going bye-bye. The cost of making the penny has exceeded one cent -- 1.4 cents to be exact -- meaning the U.S. Mint could lose a mint, or $43.5 million, producing the coin this year, according to at least one expert. The rising costs -- the result of escalating metal prices -- has brought a far-flung cast of characters to the debate over...

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Columbus Dispatch (Columbus, OH) ; ... keep it. dtrowbridge@dispatch.com Copyright (c) 2006, The Columbus Dispatch, Ohio Distributed by Knight Ridder/Tribune Business News. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write ...