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Issue Date: Vol. 53, No. 5, May 2013, Posted On: 5/6/2013


More California Businesses Drop The Penny


Nick Montano
Nick@vendingtimes.net
TAGS: vending business, coin machine, coin-op business, U.S. Mint, penny critics, Salon, Cheeseboard Pizzeria, Mike's Bikes, Berkeley movement to ban the 1¢ coin, Google+ Hangout interview

BERKELEY, CA -- According to the U.S. Mint, it costs about 2¢ to make a 1¢ coin. Critics add that pennies are 97.5% zinc, which requires mining that damages the environment.

For these reasons and more, a growing number of California businesses are no longer accepting the penny, perhaps inspired by Canada's decision last year to stop minting its pennies. Salon, a political news site, reported that Cheeseboard Pizzeria and Mike's Bikes in Berkeley, CA, are the latest businesses to join the movement to ban the 1¢ coin

. President Obama might support the penny's elimination, too. When asked about the issue during a Google+ Hangout interview, he said: "Anytime we're spending money on something people don't actually use, that's an example of things we should probably change."

There are between 140 billion and 200 billion pennies in circulation.


Topic: Bulk Vending

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