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Regardless of where the above phrases came from, it’s clear the penny has permeated our culture and others. The penny definitely has value, even monetarily, although some might disagree.
Take U.S. Rep. Jim Kolbe, who represented Arizona from 1985 to 2007. He introduced a bill in Congress back in 2001 called the Legal Tender Modernization Act. The bill didn’t ban pennies, but, if passed, it would have established “a system under which cash transactions would be rounded down up or down,” according to an article by Mark Lewis titled “Ban the penny” on the site Forbes.com.
On the other hand, there are those (most of us) who love the penny. In fact, Congress and President Bush “signed into law a bill that will change the Lincoln-cent design in 2009,” according to the site http://www.pennies.org. 2009 marks the 100th birthday of the Lincoln penny.
So now we come to the U.S. Postal Service and its penny-increase on the postage stamp Monday (Victoria Advocate, May 11, Page A5).
We figure, at least, it will take a month for people to use up their 41-cent stamps (which was a 2-cent increase set on May 14, 2007) with the help of 1-cent stamps to meet the required 42 cents for regular postage.
Of course, if you have “Forever stamps,” you don’t have to worry about the increase until you run out of those (then they will cost the current price of 42 cents). Some businesses have invested a lot of money in those 41-cent Forever stamps. We witnessed one person purchasing $500-plus worth of them a couple of weeks ago.
Whether the Postal Service knows it or not, it put a lot of value on the penny. After all, we have to mail those bills and other letters and greetings. We’ll need a 1-cent stamp to do it if all we have at hand is a 41-cent stamp.
The new need for a penny is refreshing. Most of us thought it was useless although we love the little coin made of mainly zinc with a copper finish.