Comment Canada did it 13 years ago, and it's great. (Score 1) 245
We got rid of the penny here in Canada in 2012. There hasn't really been any issue since getting rid of it. The majority of people pay with debit/credit cards. For those who pay cash, the price is rounded up or down to the nearest nickel, which at the end of the day balances itself so there's no real loss. Financial institutions and retail establishments prefer it this way too, as there's significant handling costs compared to the value.