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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
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.

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