Should the U.S. dump the Penny?

Discussion in 'General Off Topic Forums' started by tyeeslayer, Oct 1, 2017.

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Should the U.S. dump the penny?

  1. Yes

    43 vote(s)
    68.3%
  2. No

    20 vote(s)
    31.7%
  1. 2011etec

    2011etec Super Member

    In canada canadian tire money has more value than our currency,lol.
     
    Quadman2 likes this.
  2. loopstick

    loopstick AK Subscriber Subscriber

    Messages:
    4,620
    Location:
    Shit 'n' Piss, Texas
    You don't eat pennies. You're not supposed to use them as fuses. They function as durable currency. It's illegal to scrap them. So how relevant is the cost to produce them? The real cost is the cost to replace them after a few decades - which is something the US Treasury deals with. What are the hidden costs, if any, of the loss of precision in cash transactions? Will rounding up be a form of inflation?
     
    John James likes this.
  3. SuperjazzyJa

    SuperjazzyJa 18 Wheel Member Subscriber

    After giving the subject some more thought, I changed my vote to yes. Matter o' fact, let's get rid of change altogether. Seriously, it's 2017 and with prices of things being what they are, do we really need fractions of dollars? It made sense to have cents in the1850s. Now, not so much. It's the same kind of stupidity as listing fuel prices as $2.49 followed by a little 9. The price is $2.50 per gallon. Show it as such. If I fill the green hornet from empty (100 gallon tank), I save a dime? Ain't that great? If I fill up from empty 11 times, I can get a small coffee! The generosity is almost whelming. So, why not just have everything in whole dollar amounts.
     
    beat_truck and stish like this.
  4. teal'c

    teal'c It's all moo

    Messages:
    6,394
    Location:
    Michigan, N of Detroit
    Meat.
     
    SuperjazzyJa likes this.
  5. SuperjazzyJa

    SuperjazzyJa 18 Wheel Member Subscriber

    Not to mention, a pair of loafers cost more than a penny.
     
  6. ETLS

    ETLS metacarpophalangealcranium Subscriber

    Messages:
    8,171
    Location:
    Texas
    We have loafers at the road entrance to Wal-Mart, they don't accept pennies. Don't want a job either.
     
    SuperjazzyJa likes this.
  7. SuperjazzyJa

    SuperjazzyJa 18 Wheel Member Subscriber

    Hand them bread and smile as you say, "Get the pun?"
     
  8. BigElCat

    BigElCat AK Subscriber Subscriber

    Messages:
    6,317
    Location:
    Paola, Kansas, USA
    Let's get rid of all the coins...instead of rounding up to the next dollar, we'll round down to the last dollar.

    I should run for president.

    :idea:
     
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  9. Quadman2

    Quadman2 Super Member

    Messages:
    2,668

    Why not go the way of the Swedes, and get rid of CASH altogether! Their currency world is pretty well plastic and no need of coins.

    Q
     
    SuperjazzyJa likes this.
  10. gslikker

    gslikker Super Member

    Messages:
    1,651
    Location:
    Close to Alkmaar, Netherlands
    One can see the risk in areas struck by flooding and earthquakes, sometimes one can only buy food using cash, being rich or not.

    I guess in my country everything stops if internet is down for a day or two.
     
  11. ETLS

    ETLS metacarpophalangealcranium Subscriber

    Messages:
    8,171
    Location:
    Texas
    Why round off? We should have quarter-cents.
     
  12. gslikker

    gslikker Super Member

    Messages:
    1,651
    Location:
    Close to Alkmaar, Netherlands
    On sale now, only 9,975 :)
     
  13. noogies

    noogies My Favorite Woofers. Subscriber

    Heck, hand them cake!
     
    BigElCat and SuperjazzyJa like this.
  14. musichal

    musichal poet emeritus Subscriber

    Messages:
    8,274
    Location:
    Norman OK
    Back when it was possible - not too long ago - I'd scoop a penny off the floor. One ain't worth much, but if the nearest football field were covered in them... Now stuff has to be a good deal thicker than a penny for me to reach it, so go ahead and stop making them if you want. By the year 2125 there will be trays beside cash registers with a sign reading "Leave a dollar, take a dollar."
     
  15. Raccoon1400

    Raccoon1400 Super Member

    Messages:
    2,546
    Location:
    Ottawa, Canada
    I don't miss the pennies here.
    They round 2 cents down, and 3 cents up to 5. So you can get two cents of free gas if you are accurate with the pump!
    When they first got rid of the penny, Loblaws (grocery store) rounded everything down, never up, but they stopped doing that.

    I like the $1 and $2 coins. I have a wallet with a place for coins (and resistors, guitar picks, etc). Couldn't function without it.

    The world didn't end in 2012, but my penny collection did!
     
  16. loopstick

    loopstick AK Subscriber Subscriber

    Messages:
    4,620
    Location:
    Shit 'n' Piss, Texas
    I always pick up pennies. I was told at an early age that finding a penny is good luck. I found one a couple of weeks ago in the parking lot where I work. You can't have too much good luck IMHO.
     
  17. Beatnik

    Beatnik What's this ?

    Messages:
    3,589
    Location:
    DFW
    Just yesterday Andy asked Opie how do you lose a nickel ? Opie said "Well, one minute ya got it and the next minute ya ain't." Maybe that would work with pennies ?
     
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  18. nj pheonix

    nj pheonix AK Subscriber Subscriber

    Messages:
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    New Jersey
    Funny I was thinking the same thing
     
    SuperjazzyJa likes this.
  19. noogies

    noogies My Favorite Woofers. Subscriber

    Do you think Big EC would make a good president?
     
  20. nj pheonix

    nj pheonix AK Subscriber Subscriber

    Messages:
    8,080
    Location:
    New Jersey
    Actually i was thinking i should run for president:D
    No knock on EC:rolleyes:
     

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