Interesting commentary on the move to drop the penny from circulation.
I tend to agree that the 5 cent coin should have been eliminated in this move. The new 1 cent coin should be the dime. Where I differ with the opinion is that I believe the quarter should be replaced with a 50 cent coin.
The other big change that I believe our financial system needs to get on board with is more and more electronic payments. Moving cash and coins is expensive.