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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.
bysg_oneill ( 159032 ) writes:
Yeah we do the same in australia. Its fine. It was the 1980s when we did it, and I remember being a bit bummed out the 2c lollies wouldnt be a thing no more, but I figured I'm a teenager now and probably should be eating something more substantial than 2c lollies from the delicatesan. (although Im sure my mother was relieved, sweet things where banned in the house except for special occasions, but she couldnt control what me and my brother did outside the house)
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