I think the nickel needs to go on the chopping block too. It's really about time the penny disappeared though. If they would have produced some pretty coins for the dollar and then a five dollar I think they would have done well. But like we've discussed they just don't make pretty coins anymore. And the one dollar bill is almost a joke in it's buying power.
The death of cash is slowly happening, it will never fully go away but with more and more electronic payments the need for large amounts of cash is going away.