QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




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

Articles:
  • National Bulk Vendors Association Hails Success At Amusement Expo, Renews Deal
  • Commendable Vendables: Bulk Vendors Recognize 2014's Best Products
  • Beaver's Coil-Pak Widens Product Variety In Bulk Vending
  • Brand's Craig Goodman Heads Bulk Vending Safety Committee
  • Beaver Machine Plans To Unveil New Bulk Vender At Amusement Expo

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570