As of February 4th, 2014, the Royal Canadian Mint stopped producing pennies. They have worked around the penny by rounding costs down or up, just like rounding a decimal in mathematics. If you buy something for $1.01 or $1.02, it's rounded to $1.00. But if you buy something for $1.03 or $1.04, it's rounded to $1.05.

The estimated savings for taxpayers in Canada from getting rid of the penny is $11 million a year.

The British currency has been without 1 pound notes since 1988 after introducing the 1 pound coin in 1983. Besides carrying around more coins, all that would change in having a $1 bill made into a $1 coin would be the massive amount of production costs saved. The United States could save $13.8 billion.

The $1 bills and pennies would stay as legal tender, so they can be deposited into a bank, and would still be worth something.

Both of these are not hard goals to achieve, and would slowly come into the citizens lives without causing much trouble, but saving the country billions. Please sign this petition.