
Concord - Following the publication of an article in The Concord Journal on Concord Teacakes co-owner Judy Fersch, describing their penny boycott starting on Lincoln’s 200th birthday, many more West Concord merchants have followed suit. In each case, all transactions will be “rounded down” so that pennies will not be needed in change. Customers who insist on paying with pennies will be asked to throw them into a charity jar, though a charity which is willing to accept piles of pennies has yet to be located, a search which turns out to be harder than it would appear.
For actual payment, though, pennies will no longer be considered legal tender by most of these merchants.
“Being right across from the train station, we have long lines before trains leave and pennies make it worse,” said Fersch. “Further, there is a lot of lugging them from the bank, dropping them, not being able to reconcile register receipts and so on. Plus, mining zinc is an environmental nightmare, and it costs the government more to make pennies than they are worth. Finally, they have minted thousands for every man, woman and child. Where do they all go? If they were truly worth anything they wouldn’t end up in coffee cans, vacuum cleaners or sofas. It is simply a tax, which raises no revenue.”
Concord is also the birthplace of civil disobedience, where Henry David Thoreau went to jail for refusing to pay poll taxes to support the Mexican War.
“The jail is right down the street so we can be there in no time.” jokes Fersch.
Susan Cataldo, of Maximum Image by Sue, is equally adamant.
“When I run low on them [pennies], I usually have to reach in my wallet for a few,” she said. “Since I rarely have to deal with them, anyway, they are currently covered in the cash drawer with raffle tickets.”
Bill Griffin, Of Sally Anne’s Bakery in Concord Center, said he would like to have his register reprogrammed to round all prices including tax, to avoid handling pennies. “Until that happens, I still have to handle these worthless coins,” he said. “Let’s start a revolution right here in Concord to get rid of them altogether.”
Many of the participating stores say they already often round down in change because pennies are so annoying, and are happy to refuse to accept them in payment. “This doesn’t change what we do, no pun intended, except that refusing them means one less annoyance,” said Paula Silva of Millbrook Farms. But by drawing attention to it, Silva said, businesses are trying to make the point that pennies are a constant reminder of “government waste and it’s time to get rid of them. There are so many better things that the government can do with the money it spends on pennies, so many problems which need to be solved.” Regular West Concord shopper and Concord resident Christal Bjork reflects the sentiment of most other customers when she said, “They’re wasteful and it would be much easier not to have them. I think this is a great idea.”
This act of civil disobedience was conceived by http://www.thinkoob.com/, the Think-Out-of-the-Box Web site which bills itself as “America’s Marketplace of Ideas,” as a way to draw attention to its idea for phasing out pennies, as well as to its other ideas and to its million-dollar prize for the first idea originated on the ThinkOOB site to become law.
“We’ve figured out that all you need is a very simple executive order signed by the president saying ‘Establishments which agree to round down cash purchases may refuse to handle pennies,’” said Al Lewis. “This one-signature approach does not require an act of Congress, which the zinc mining companies have always blocked in the past. Obama said he is reviewing the cost-benefit of all government activities. This should be number one on his list.”
As part of the Lincoln’s birthday protest, Lewis intends to throw pennies on the ground in front of a policeman, and get cited for littering. “I want to prove that the government makes businesses accept litter as legal tender,” he said. “Then I want to go to jail and post my bond in pennies. The court will have to accept them and roll them all up. Our goal can be summed up in one Reaganesque sentence: Tear down this mint, Mr. Obama.”
America’s growing anti-penny sentiment was inspired by Professor Robert Whaples, chairman of the Economics Department at Wake Forest University. He has written in USA Today and elsewhere on the topic and is considered the father of the anti-penny movement to his admirers. To his enemies in the zinc lobby, however, he is considered the penny’s John Wilkes Booth. He said, “Even though a sparkling newly-minted penny brings back the innocence and joy of childhood, the penny is a tarnished relic. It wastes natural resources like zinc and energy, but worse — it wastes our precious time. Let’s honor Abraham Lincoln on his 200th birthday and stop linking his noble name to a useless, wasteful coin.”
Harvard economics professor Greg Mankiw has also blogged on the topic. He coined the term “Penny-Anti Protest” in support of the West Concord merchants. Among the other West Concord businesses to join the Penny-Anti Protest are Concord Outfitters, Reflections, Phillips Fine Paint, West Concord Supermarket, West Concord Liquors, Walden Italian Kitchen, Twin Seafood and The Barber Shop. Others are considering it. Early this week, the protest began to spread to Concord Center as well, with Anderson’s, Sally Anne’s, The Concord Flower Shop, and Country Kitchen also on board. “This is where Concord’s second revolution starts and ultimately the site should be commemorated with a statue of Lincoln, who himself would approve of our emancipation from the tyranny of the zinc lobby,” said Lewis. “Since this is Concord, I’d like to see an Emersonian quatrain inscribed on the statue as follows:
“To the rude lobbyists who corrupted our good/Congressmen to support their zinc/here the embattled merchants stood/and said: “We think your pennies stink.”

47 comments:
While pennies may be a nusance to merchants, the mining industry from which they come holds an important place in our economy, providing thousands of jobs. Some small towns' entire economy depends on mining corporations, and in a time of economic stress, we cant afford to destroy jobs to make it more convinient for the better-off. Sure, it costs more to make a penny than 1 cent, but that extra cash goes to helping companies provide jobs for a struggling workforce. I think its worth the hassle.
Pennies fall out of use so quickly that it's probably a waste of money to make them. They end up in the trash or down drains or in the parking lot. Getting rid of them is a good idea. Plus, people pay alot more with credit/debit these days so they're not needed anyway.
Sure lets get rid of the penny heck why not get rid of the rest of those annoying coins while we're at it lets have all legal tender in the form of credit and debit so our lives will be that much easier for us to have managed by us and other people as well. Anything wrong with that picture?
When I got a boot at the parking lot in school, I took all my pocket change and cashed it for 38 dollars. I would say a good ten dollars of it were pennies. This is because I decide to pick up loose change and keep it in a jar, whether it be a penny or a quarter. Some people are just so lazy in this country and this is a good example of it.
You could just park legally. :)
Banning pennies as legal tender sounds like an economic nightmare to me! Pennies probably total multi-millions in America, so that would be a waste of money in our already starving economy. Sounds like they're asking for market failure to me.
ok, us humans are never satisfied. If we got rid of those copper coins that weigh a fraction of an ounce, sure we would be happy. But only for a while. We would just continue to want more. Eventually wanting to do away with the nickle, then next the dime.
Pennies are not worth much to consumers, most pennies just end up on the ground, inside the couch, or in a saving jar. Statistically, in our world, a picking up a penny actually cost more than what the coin is worth. The penny should be discontinued because it is not worth much to consumers.
While the mines for zinc are part of the economy, there will still be jobs for the workers because zinc is not exclusively used to produce pennies. Also, it probably costs more and is more trouble to produce and ship pennies than they are worth! And if you think about it, what can you honestly buy for a penny anymore...nothing.
Currently, it costs more than a penny to produce a penny. It ranges from 1.4 cents to about 3 cents for the metal to make it from the copper and zinc mines to a person's pocket. So why produce a product that costs more than the face value? That sounds counterproductive, so remove the penny. Save Lincoln for the 5 dollar bill, he just looks just as great to remain there instead.
To me, it doesn't really matter what we do with pennies. Personally, I like saving them up and taking them to the change counter at Market Street and getting dollars for them!
To me, it doesn't really matter what we do with pennies. Personally, I like saving them up and taking them to the change counter at Market Street and getting dollars for them!
Ralph Waldo Emerson, the original rebel of Concord, said, "A man is usually more careful of his money than he is of his principles." The careful speculation of banning or keeping pennies in circulation is a minuet component in the larger crisis we are facing. We are declaring the how a penny is waste of our resources, our time, and inevitably our money. But what we really need to look at is our own policies, this is what the dire economic time needs. Again echoing the words of Emerson, "Bad times have a scientific value. These are occasions a good learner would not miss." Let's take what we have learned from our past and create the change we have orated about. If we need to change our change, then so be it.
I wouldnt say throw them away even though everytime I get one I throw it on the ground. "One man's trash is another man's treasure". I think if the government decides to get rid of pennies they should have us take them to our local banks and get it credited to our accounts until most of the pennies are out of circulation.
My friend and I cashed in our change at the coinstar yesterday. He had 2,542 pennies and a total of about $130 in change. I don't see the problem with coins, they add up after a while.
If someone saves all their pennies (like I do), they can definately add up. I don't really see the point in banning pennies because they haven't caused us any problems so far.
I like coins I collect and get money from it. Usually a $100 bucks. A majority is pennies. I work at united and people let me have the pennies from their change all the time. It adds up over time.
all the pennies that are in circulation need to be cashed in coin stars, and then they need to be disposed of. It cost more to make the penny than the penny is actually worth.
Actually, CNN.com researched and reported that the cost of making a penny is 0.81 of a cent and it does generate a whole cent's worth for each one. Besides, rounding prices inevitably rounds up the taxes. Do we really need that right now? Ever heard of the phrase "a penny saved is a penny earned?" Money is money. It's not necessary to abolish making pennies. I say just make them every 3 to 5 years if they're really that much of a penny hater.
I'm pretty sure all my pennies end up somewhere random like the bottom of the drier, my car's cup holder, or some piggy bank. I've heard that a lot of army bases don't use pennies, they round up during transactions. That would make my cashiering job a whole lot simpler.
It's a good idea! It helps the environment and gets rid of the hassle of dealing with pennies. I also like the idea of what Lewis is going to do-- throw pennies in front of a policeman. Haha
Although pennies might seem worthless and useless they add up.yes,it would be less annoying to deal with but either way there's always going to be something annoying we have to deal with.
I think this is a good idea. It costs more to produce the penny and most of them don't even end up in your pocket. The loss of the penny wouldn't kill the zinc mines either because pennies aren't the only thing that needs zinc.
Because of steady inflation, pennies will become obsolete in the future. The problem of pennies will not be a debate forever, because soon there will simply not be a need for them. Why do we analyze what will happen in the future? If pennies are not needed then, we wont make them. It is rather simple. Obviously, right now though, there is a demand for them, so we continue to make them.
I think if the government does decide to make pennies illegal tender that it will make every transaction made more conveinent. The only bad side to getting rid of the penny is how the government will decide how to round the total of the transaction to the nearest nickel. Either way it will end up saving us more money or cost us more which it may not seem much but it will add up over time. And i have no clue why a charity would not except the left over pennies(???) because its a good way to get the pennies out of circulation.
I don't think there is a problem with pennies. They add up after a while. That piggy bank will come in handy when you are running low on gas and dont get your pay check for another couple days. I think it would be pointless to do away with them.
It doesn't really matter that it costs more for the U.S. mint to produce a penny than the coin's face value because of the concept of multiple use. (This is also true for the nickel)
From an economic standpoint, if we were to round our prices up or down to the nearest dime then we would see minor increases or possible decreases in business profit overtime. After a very long period of time however, this could mean a very large decrease or increase in business profit. This would provoke the GDP to increase or decrease overall. If I was in charge of getting rid of our pennies, I would make sure that every price would be rounded to the highest possible price. It could only make the profits and overall GDP better. There, I'm done with my novel..enjoy.
I personally keep all of my pennies to cash in. I mean sure it takes a hundred of them to make a dollar but it is still a dollar more than you would have had if you threw them all away!!
Poor Abe, he just can't get any respect. I think that while the penny is a nuisance, it also can add up. I think we should just keep the penny because we've already put up with it for years and years.
I think it's pretty cool to save your spare change and cash it in for bills. But on the other hand, the penny is pretty annoying. when i worked at Marble Slab, it was a major hassle to deal with-especially when people make you get into the safe for 2 cents.
So all pennies are good for is luck huh?
since it costs more to make a penny they should just quit making them. most people are using credit or debit cards now so it shouldnt be that big of a loss.
i think getting rid of pennies is a good idea.. they pretty much have no value whatsoever.
i'd rather put up with pennies than round everything i pay for up the the nearest 5 cents...that definitely adds up.
yes, pennies are a nuisance. and yes, we do have to be patient with ourselves and push aside all the dang pennies when all we want is a quarter!! but really? get rid of them? i think people are just being lazy. if you don't want your dang pennies, give them to a charity, save them up and then exchange them for real cash later.
Pennies cost more than they are worth and maybe if we got rid of them then people's wallets and purses wouldn't be so heavy.
Zinc is used for other things not just pennies so the industry wouldn't die completely although it will be hurt, but honestly it costs more to make than its worth... we can be more efficient in many ways and this is one of them, they save up well if you can be stubborn enough but what about the bigger picture?
Honestly, pennies are only good for good luck when you pick them up, and that's only if something good happens. Pennies cost more to make than they're worth which says enough for me. I say get rid of them, but knowing the government they would round everything up, not down. And shutting down the pennie would be an economic nightmare. Sounds like a damned if you do damned if you don't situation to me.
I still haven't made a decision on whether or not the penny should go, but until that happens I got a huge jar of pennies in my closet that'll pay for lunch for a couple of months! : )
i think pennies are worthless and we should get rid of pennies every were you go you see pennies on the ground or in wishing fountians. And i really dont think we something that cost more to make then they're worth.
Pennies should go and all pennies found from here on out should be massed and made into 5 dollar bills...that way Lincoln...saves face...
Although pennies are good when saved up, they cost more to make than they are worth. And most pennies are just laying around, not being used. Like the article says we would be able to use the money it takes to make a penny and use it on other things. And there are definitely more important things our money could be used for.
Pennies need to stay in circulation so we can make those pressed pennies with designs on them at places like Six Flags.
I really dont see why the govt would want to change our currency all of a sudden.... I mean can u imagine how much money a recall would cost??? not to mention were in a recession?? hello... forget about the penny and worry about stimulating the economy first....
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