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Proof Was in the Jars
August 02, 2013

Abolishing the cent and rounding all cash transactions to the nearest nickel concerns some people.

They do not believe probability, which indicates if you round down all transactions that end with one or two cents and round up all transactions that have a total ending in three or four cents that over time you break even.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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