A PENNY COSTS MORE TO MAKE THAN IT'S WORTH. GET RID OF THE NICKEL & QUARTER 2?

Our country is very lucky. We only have five coin denominations in circulation. Italy has seven -- but its euro coins on the low end have been tossed by the public.

D. Wayne Johnson, corporate historian of the Medallic Art Company wrote his opinion for the Tuesday Wall St. Journal -- "Get rid of nickels and quarters!"

"Keep the dollar as the unit, as well as 10-cent and 50-cent division of he dollar. That is three coins to keep while eliminating the cent, nickel and quarter.

Then, add five-dollar and 10-dollar coins, and the U.S. would again have five denominations to fill the drawer of every cash register. Stop printing paper currency in these denominations and accrue even more savings as coins outlast paper 20-to-one in circulation.

Australia made a transition like this in two steps, abolishing its one-cent coin in 1990 and its two-cent coin the following year, melting both to make medals for the 2000 Olympics in Sydney."