Canada's decision to stop producing its penny has launched a discussion in the U.S. In Canada, it costs 1.6 cents to produce a penny – so getting rid of the coin will save the country an estimated 11 million Canadian dollars a year. Meanwhile, in the United States it costs 2.4 cents to make a penny. Would frugal Abraham Lincoln approve? Richard Smith is the creative director at Sullivan, a New York brand engagement firm, and the president of the Dollar ReDe$ign Project.
The World reports on global news in ways that reflect our shared core belief: we are all connected. Will you help us keep our reporting free for all, especially now?
The World team has covered the global pandemic with depth and humanity, but only thanks to the generous support of readers like you. Please consider a gift to The World to ensure we can continue this important service. Support The World for as little as $7 a month.