Topic: The Penny... Dig it or Ditch it?

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Posted at June 29, 2014, 12:38 pm:

It's been in the news every once in a while... whether the penny should be kept in US currency, or whether everything should just be rounded to the nearest $.05

It actually cost more to make a penny then then penny is actually worth. That right there tells me that it's WORTHLESS, and needs to be abolished just like the former half-cent.

Think about all the penny trays people have at gas stations. I ALSO throw my pennys in there. They just create annoyance in my pockets and wallet, and they arn't worth ****. Yeah, maybe if you collected a bunch over time and cashed it in, you might get a nice $20 (but that's still 20,000 pennys).

What do you think? Don't forget to vote.

Original of the message was taken from http://www.sputnikmusic.com/forums/

Replies:

Keep em.

They're a pain in the butt.

Thank God you're not with the IRS

What would we do with all the obsolete pennies?

^Trade in your pennies for dimes, nickles or quarters.

There are so many pennies they'd be worthless as collectables.

how would things cost x.

it's a decision for the royal mint to make

Exactly! Thost $19.

i'm sure theres an actual reason for that.

I don't know about that.

wouldnt they take all the pennies and recycle, them or something.

Of course not, just make them out of cheaper metal.

I collect my small change (1s, 2s, 5s) and get like, £5-10 a year

That's like 2-4 pints a year.

Or just make them out of something cheaper, like aluminum Like the ...

20,000 pennies is not $20

lol, 20,000 would be 2,000 dollars, 2,000 pennies = 20 dollars

Introduce the 99p coin to save on change.

Erm.

I alos love the idea of a bastard tax

lol, at least i got the second one right

Ah, lol, how is it a way for them to screw you out of 4 cents?

god bless the OMRLP.

The original reason why things cost x.

Business would round up.

20 dollars plus tax is $21.

In NZ, we just got rid of the 5c coins.

In NZ, before we got rid of the 5c coins, you'd be charged $4.

Get rid of them.

Just like 666Ozzfan said, you would round to the nearest 5 cents.

Says who? I thought I remembered in Australia, it always going up, bu...

As long as I can remember (which isn't very long) it has been rounded ...

Well I stand corrected about Australia.

I know, and that's why I laughed about it in my first reply.

Um, with tax, how is thing going to work? $1.

all things would probably have to be priced evenly, with an even tax l...

I don't think it's possible to get of the penny.

well there are only two ways they can do it, either round out the syst...

We don't have 1c coins here and it isn't a problem.

Can't stand pennies.

Exactly the same thing we do with non-obselete ones, which is tell the...

Knowing America, probably turn them into shrapnel bombs .

I doubt there would be a system other than one where you would round t...

About that question on the tax, you can always work it out the other w...

Aye.

When I visited the US, pennies pissed me off a lot.

I think the Australian currency is pretty good.

Maybe they were out of 5's and 10's.

We eliminated 1 pound notes about 10 years or so back.

America has one dollar notes? What the hell, get with the times.

I don't enjoy having all those pennies either but I don't want everyth...

Most other civilised countries have eliminated bills that low and repl...

Dude, you're going to have to pay for 100 $4.

Not really, we've been living with $1 & $2 coins for years.

They tried the $1 coin.

I've been there.

then we have been cheated out of a half dollar for years, think about ...

What are US coins made of? Are they relatively heavier than coins from...

i think a penny is great.

You can still make a half dollar by adding up smaller coins, but you c...

The only reason you should get rid of pennies is if they consume more ...

Wait a minute.

True, they could still be legal tender, and they could phase them out.

What to do with all the old ones? Melt em and make new coins?

Put them all in a room.

Yeah, all our coins have steel centre with nickel and copper layers.

Yeah, that is true.

To be totally honest with you, I hated pennies until this week.

This is actually wrong.

no man, its actually the mx pnwi forum's decision.

Yeah, I know, but I meant if you bought that at separate times e.

But wouldn't it make more sense to discard the whole concept of prices...

Well, gas prices go in tenths.

i conclude, that they dont' get rid of the penny.

In Panama they still use half-dollar coins .

I was under the impression that the penny was still relevant to the ec...

America has already tried to create a dollar coin, twice.

We've actually had three different dollar coins in recent memory - the...

lol

I prefer coins.

Stop making pennies, but allow the ones already in circulation to stil...

^ Exactly.

Actually, the two dollar bill never went out of production.

Somebody explain to me why it's so infeasible to simply make pennies o...

why is it infeasable to change the value of hte penny to two cents, an...

Because then you're still going to have to round to the nearest even c...

i'd rather round to the nearest cent then round to the nearest nickel ...

the penny is 1 cent

Whenever I'm in the states I can't stand them.


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