Should the US penny be removed?

[beanieclock]

((if there is another thread on this topic im sorry, i couldnt find it.))

right now, the debate of eliminating a penny is very strong. It is believed that it should be eliminated as there is almost nothing now that you can buy with a penny.

( BTW for people in Europe or Canada, a penny is 1/100 of a dollar, which is used very frequent in our country.)

what are your views on sacking the penny?

[cellardoor6]

At 3/11/08 12:24 AM, beanieclock wrote: ( BTW for people in Europe or Canada, a penny is 1/100 of a dollar, which is used very frequent in our country.)

lol

what are your views on sacking the penny?

I hate all coins equally in US currency. The only coins I even tend to keep are quarters, but even then I think it's a nuisance. I hate carrying around coins altogether.

[thedo12]

At 3/11/08 12:24 AM, beanieclock wrote: ((if there is another thread on this topic im sorry, i couldnt find it.))

right now, the debate of eliminating a penny is very strong. It is believed that it should be eliminated as there is almost nothing now that you can buy with a penny.

( BTW for people in Europe or Canada, a penny is 1/100 of a dollar, which is used very frequent in our country.)

what are your views on sacking the penny?

umm in canada we call it a penny or a cent either/or we have them too lol,

anyways i belive we should keep them for the sole fact that a lot of the times when im buying something the price dosent come up with a nice even number with tax and all, i mean something may cost $1.06 cents how am i suppose to pay for that without pennys?

[beanieclock]

At 3/11/08 12:37 AM, thedo12 wrote:

At 3/11/08 12:24 AM, beanieclock wrote: ((if there is another thread on this topic im sorry, i couldnt find it.))

right now, the debate of eliminating a penny is very strong. It is believed that it should be eliminated as there is almost nothing now that you can buy with a penny.

( BTW for people in Europe or Canada, a penny is 1/100 of a dollar, which is used very frequent in our country.)

what are your views on sacking the penny?

umm in canada we call it a penny or a cent either/or we have them too lol,

anyways i belive we should keep them for the sole fact that a lot of the times when im buying something the price dosent come up with a nice even number with tax and all, i mean something may cost $1.06 cents how am i suppose to pay for that without pennys?

If they were to remove pennys then they would round everything to the nearest nickle.

For instance, $1.06 would be rounded to $1.05. Another example would be $1.99, it would just round out to $2.00.

[thedo12]

For instance, $1.06 would be rounded to $1.05. Another example would be $1.99, it would just round out to $2.00.

i guesss, i usaly throw my pennys out anyways

[MobilnaReakcija]

Sack the penny! Aint no meaning to it anyway. In addition, money is lost every time a new batch of pennies is made.

[beanieclock]

At 3/11/08 12:58 AM, thedo12 wrote:

For instance, $1.06 would be rounded to $1.05. Another example would be $1.99, it would just round out to $2.00.

i guesss, i usaly throw my pennys out anyways

That's another point they are using, nobody even wants them anymore. People just leave them by cash registers, drop them on the sidewalk, keep thousands in jars with no actual intent on cashing them in. nobody wants them anymore. they are now about as useful as used coffee grounds.

futurama ftw

[cellardoor6]

Meh, I guess they have their use.

[Imperator]

Wait, wasn't there something in recent years about hard currency making a return and paper going out the window?

I swear there's times I feel like I'm livin in a vacuum, damn world just moves too fuckin quick for me......

[TheMason]

When I was stationed in Korea during WW'nam we didn't have no fancy pennies. Anyway we 'jus round up to da closest nickel. Near as I 'member wasnt too bad.

[Al6200]

Why don't they just change the penny from meaning 1 cent to meaning 1 dollar. Gives it a unique role, and they can advertise it so people don't get swindled.

[Drakim]

Absolutely not.

Pennies is the eastiest means as to swim in money, since you only need 100$ to get 10000 of the wonderful penny

[protip: I've never seen a penny in my life, but having such a low and useless coin sounds awesome]

[thedo12]

At 3/11/08 08:02 AM, Drakim wrote: Absolutely not.

Pennies is the eastiest means as to swim in money, since you only need 100$ to get 10000 of the wonderful penny

[protip: I've never seen a penny in my life, but having such a low and useless coin sounds awesome]

trust me its not, sure when your small and you have a jar full of them you think its all great but later you realize that youre useless and you start to throw them out.

[polym]

At 3/11/08 08:13 AM, thedo12 wrote: trust me its not, sure when your small and you have a jar full of them you think its all great but later you realize that youre useless and you start to throw them out.

a jar full of pennies adds up. when you realize that you have more pennies in DOLLARS than DOLLARS you actually have yourself, you'll realize how important they are (and especially for change).

[FlashCridic1124]

Oh, you gonna piss off the Wendy's guys now XD, them and their '99 Lincolns'
Yeah but with tax the penny can be useful, and if you only have change left to buy things...

[Boltrig]

At 3/11/08 06:41 AM, Al6200 wrote: Why don't they just change the penny from meaning 1 cent to meaning 1 dollar. Gives it a unique role, and they can advertise it so people don't get swindled.

Cause then people with big jars / tins of collected change suddenly become uber rich?

[Brick-top]

I find them annoying yet needed.

[gumOnShoe]

So long as sales tax is 7% it won't be practical. Plus, I feel like I'd be given less money over time in change and at work. No thanks. :/

[RommelTJ]

You know, I'm kind of anal about these things...

I always like to pay with exact change. Most of the times, I use my debit card. The rest of the times, like when I forget my wallet or when cards are not accepted, I precalculate the total value of my purchase with Taxes included. Then, I pay the exact amount. So, I need pennies, or at least a pennie bill.

Don't worry, I'm not the guy that holds up the fast lane. I actually bring a calculator to the supermarket and add up the total before I line up.

So yeah, I'm a nerd. :D

[JMHX]

They need a coin worth $10,000. We can call it the JMHX. It will be as big as a car wheel.

[kamil-fucker]

in the early days of the Euro, there were 1 & 2 cent coins, Finland banned them right away and in the rest of the 'euro' country their hardly used nowadays.
ban the penny, it's useless now, the dollar is dropping almost everyday.

[Drakim]

At 3/11/08 10:42 AM, RommelTJ wrote: You know, I'm kind of anal about these things...

I always like to pay with exact change. Most of the times, I use my debit card. The rest of the times, like when I forget my wallet or when cards are not accepted, I precalculate the total value of my purchase with Taxes included. Then, I pay the exact amount. So, I need pennies, or at least a pennie bill.

Don't worry, I'm not the guy that holds up the fast lane. I actually bring a calculator to the supermarket and add up the total before I line up.

So yeah, I'm a nerd. :D

Removing the penny wouldn't stop this. It would simply round off everything, making your task quicker. (and if you really push it, you could even earn money on it by buying things the exact "right way")

[JMHX]

The New Penny

[TheMason]

At 3/11/08 10:10 AM, gumOnShoe wrote: Plus, I feel like I'd be given less money over time in change and at work. No thanks. :/

Not really because the rounding also works in your favor. If the price of something comes up to say $1.01 or .02 you pay: $1.00. At $1.03 or.04 you pay $1.05. It evens out and you would be surprised with how fast you forget about it.

I tried paying attention for about a week when I was in Korea (US military bases overseas do not use pennies because of the cost of transporting them there, but every other US currency is what you use on base) and it even out pretty well. Over a lifetime I'm sure the range of gain/loss would be no greater than $10 either way.

[Fuzzball37]

Get rid of the penny, its useless

[Professor-D-Weed]

Well, it costs more to make than what it's actually worth, so, yeah. Fuck the penny. " Fuck it right in the ear!" <-----South Park Quote.

[asainsalad232]

SCREW THE PENNY! it serves no purpose. it should just be dollarz. but theres no taxes on stuff here (montana) so change is pointless

ODWN WITH THE DOLLAR

and im the typo god :)

[Al6200]

Might the rounding hurt the economy though, since things will cost, say $3.95 as opposed to $3.99 and businesses will lose a small amount of money.

[asainsalad232]

At 3/11/08 08:48 PM, asainsalad232 wrote:
ODWN WITH THE DOLLAR

and im the typo god :)

LOL i ment down with the penny

[Proteas]

At 3/11/08 12:24 AM, beanieclock wrote: ( BTW for people in Europe or Canada, a penny is 1/100 of a dollar, which is used very frequent in our country.)

... if it's used very frequently in this country, why would you want to get rid of it?