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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
bysabbede ( 2678435 ) writes:
Can we just mint a ton of them once or twice a decade? I get that it doesn't make sense to spend more than one cent to mint a penny, but we should refresh the supply every now and again.
byArmoredDragon ( 3450605 ) writes:
Why bother? Nostalgia? Just to add some perspective here, when the US first discontinued the small penny, which was half of a cent, it was worth roughly 15 cents in today's money. The large penny, (which got smaller at point) which was one cent, was worth more than today's quarter at about 30 cents.
So back then, prices were incremented by more than today's quarter. There's no reason we can't simply do the same today. We may as well even get rid of nickels and dimes while we're at it. A nickel and a dime tod
byPCM2 ( 4486 ) writes:
One reason I can think of is that different states and municipalities impose different rates of sales tax at the register. Multiplying a retail price by 8.75% may not always produce an even, round number.
bydskoll ( 99328 ) writes:
You just round the final total to the nearest 5 cents if someone pays cash. That is what happens in Canada.
bySpinlock_1977 ( 777598 ) writes:
We Canadians eliminated the penny in 2013. But, like most other Canadians, I have a box of the damn things in the corner of my bedroom. Yeah, we don't stamp out new ones, but we still have lots of them kicking around.
byfahrbot-bot ( 874524 ) writes:
We Canadians eliminated the penny in 2013. But, like most other Canadians, I have a box of the damn things in the corner of my bedroom. Yeah, we don't stamp out new ones, but we still have lots of them kicking around.
Several articles have noted that pennies will remain exchangeable for the foreseeable future and legal currency forever. So people in the U.S. should be able to use them up / get rid of them (through payments) eventually.
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byEvilSS ( 557649 ) writes:
They may take them to a bank or kiosk to cash them in, but no way most people will get rid of them through payments. That's one of the problems with them, no one wants to carry them so they pile up. I remember my parents had like half a dozen coffee cans full of coins, 99% pennies. Hell there are a pile of them in my center console in my car right now that will most likely never get spent.
bybazorg ( 911295 ) writes:
Hell there are a pile of them in my center console in my car right now that will most likely never get spent.
In the USA is it common to have self service tills at supermarkets that accept coins?
It takes patience and free time but occasionally I clear out the wallet by spending some extra time at one of those tills, looking like a strange gambling addict.
byjjbenz ( 581536 ) writes:
I just got this image of bazorg feeding 5,000 pennies into the self checkout.
byncc74656 ( 45571 ) * writes:
In the USA is it common to have self service tills at supermarkets that accept coins?
If it accepts cash, it should accept both coins and bills. Any change I manage to accumulate usually gets fed into the coin slot at a self-checkout before I swipe a card to provide the rest of the payment. It's better than handing it off to a Coinstar machine, as those skim off a percentage of what you feed them.
byJSG ( 82708 ) writes:
A country that actually has pennies (not cents) still has them. Ours have a tiny piece of thrice blessed unicorn horn baked into each one.
We're weird.
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