>>Sigh! I would like to have that tax rate (4%)! Here it's more like 14% :(
>Yeah and I'd like to have free medical care! 8^)
>
>>I wouldn't go as far as to drop the $0.10 coins, but I definitively agree about dropping the $0.01 and $0.05 coins.
>
>Okay, who's the UT accountant? Surely there are economic repercussions to a plan like this. (Aside from the obvious changes in pricing)
>It seems to me that nothing is gained, financially. Wouldn't disposing of the 1 cent coin simply devalue the 5 cent coin? (and so on)

The only advantage would be to reduce the cost (to government) of distributing money. Making pennies is expensive. People then just throw them away, leave them in a jar at the cashier or put them in their sock drawer at home.