Current Events > Should the US get rid of penny's?

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Lightsasori
09/17/17 10:24:46 PM
#1:


And possibly the nickel as well?
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Deadpool_18
09/17/17 10:25:12 PM
#2:


How would you get change?
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TheDarkCircle
09/17/17 10:25:40 PM
#3:


Deadpool_18 posted...
How would you get change?


Everything would be rounded.


The answer is no
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Deadpool_18
09/17/17 10:26:32 PM
#4:


TheDarkCircle posted...
Deadpool_18 posted...
How would you get change?


Everything would be rounded.


The answer is no


Wut. That doesn't make any cents.
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TheDarkCircle
09/17/17 10:26:59 PM
#5:


Deadpool_18 posted...
TheDarkCircle posted...
Deadpool_18 posted...
How would you get change?


Everything would be rounded.


The answer is no


Wut. That doesn't make a lot of cents.


Well some people believe that something has to change
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Airhammy
09/17/17 10:27:38 PM
#6:


We got rid of it in Canada.

Pretty simple really. Exact total if using debit or credit. Round up or down if using cash.
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Questionmarktarius
09/17/17 10:28:14 PM
#7:


Yes. Get rid of Macy's and Sears as well.
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0AbsoluteZero0
09/17/17 10:28:39 PM
#8:


The penny is virtually worthless nowadays, and it actually costs more than a cent to mint a new penny. I would welcome doing away with pennies.
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CapnMuffin
09/17/17 10:28:52 PM
#9:


Yeah. Take out the second digit by dropping pennies and nickels. Change quarters to some other amount.

So everything costs $1.9 $6.4 etc
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AlternativeFAQS
09/17/17 10:29:13 PM
#10:


Airhammy posted...
We got rid of it in Canada.

Pretty simple really. Exact total if using debit or credit. Round up or down if using cash.


how does that work at the end of the year? wouldnt everything be off?
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KStateKing17
09/17/17 10:29:36 PM
#11:


I thought you were talking about JC Penny's at first.
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King Rial
09/17/17 10:30:49 PM
#12:


AlternativeFAQS posted...
how does that work at the end of the year? wouldnt everything be off?

Nah. They've been doing it for a few years now. From what I'm told, everything averages out.
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Kyurem-BW
09/17/17 10:30:56 PM
#13:


CapnMuffin posted...
Yeah. Take out the second digit by dropping pennies and nickels. Change quarters to some other amount.

So everything costs $1.9 $6.4 etc

so would 1.81 round up to 1.9 or down
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Deadpool_18
09/17/17 10:32:03 PM
#14:


Kyurem-BW posted...
CapnMuffin posted...
Yeah. Take out the second digit by dropping pennies and nickels. Change quarters to some other amount.

So everything costs $1.9 $6.4 etc

so would 1.81 round up to 1.9 or down

Well with how rounding typically works.
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AlternativeFAQS
09/17/17 10:32:18 PM
#15:


King Rial posted...
AlternativeFAQS posted...
how does that work at the end of the year? wouldnt everything be off?

Nah. They've been doing it for a few years now. From what I'm told, everything averages out.

dont customers get mad though? if the change is 1.82 and you give them back 1.80 arent they like wtf bro
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Questionmarktarius
09/17/17 10:33:09 PM
#16:


Legalize melting, and every penny made before 1982 will mysteriously disappear by themselves.
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Airhammy
09/17/17 10:33:32 PM
#17:


AlternativeFAQS posted...
dont customers get mad though? if the change is 1.82 and you give them back 1.80 arent they like wtf bro


No because the change would always end with a 0 or 5.
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CapnMuffin
09/17/17 10:35:13 PM
#18:


Kyurem-BW posted...
CapnMuffin posted...
Yeah. Take out the second digit by dropping pennies and nickels. Change quarters to some other amount.

So everything costs $1.9 $6.4 etc

so would 1.81 round up to 1.9 or down


1.81 wouldn't exist. Prices would only go to the tenths.

Coins could be consolidated into dimes (.1) and half dollars (.5)
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Kyurem-BW
09/17/17 10:39:30 PM
#19:


CapnMuffin posted...
Kyurem-BW posted...
CapnMuffin posted...
Yeah. Take out the second digit by dropping pennies and nickels. Change quarters to some other amount.

So everything costs $1.9 $6.4 etc

so would 1.81 round up to 1.9 or down


1.81 wouldn't exist. Prices would only go to the tenths.

Coins could be consolidated into dimes (.1) and half dollars (.5)

itp pretending 1/10 cent did not exist in the us and still in effect at gas stations. when people say gas is 2.49 it is really 2.499
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StickFigures720
09/17/17 11:02:34 PM
#20:


Basically yes. Every price should end in either a five or a zero.
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K181
09/17/17 11:07:05 PM
#21:


Nah, everything would just be rounded up to the nearest nickel or nearest dime (it'd never be rounded down). Over the course of billions of transactions daily, I have a hard time imagining that the savings of not minting pennies or nickels would actually be worth it.
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Lightsasori
09/19/17 3:00:38 PM
#22:


K181 posted...
Nah, everything would just be rounded up to the nearest nickel or nearest dime (it'd never be rounded down). Over the course of billions of transactions daily, I have a hard time imagining that the savings of not minting pennies or nickels would actually be worth it.


But it costs more to make pennies and nickels than their actual value, so I do think in the long run getting rid of them might be worth it.
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Tmaster148
09/19/17 3:05:16 PM
#23:


Yes. Pennys are far past the point of being useful and cost too much to keep making.
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booboy
09/19/17 3:05:58 PM
#24:


I'd be okay with ditching the penny, but keep the nickel. Price wars are close enough that increments of .05 would be needed.

I'd also add on that prices cannot be in the fraction of a penny (looking at you, gas/diesel fuel), or in this case, a nickel, and all prices marked have to include tax.
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dave_is_slick
09/19/17 3:08:01 PM
#25:


Why haven't we done this already? No one uses pennies anymore.
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Gheb
09/19/17 3:08:51 PM
#26:


Get rid of the penny. Leave the nickle for now.
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Volkswagen_Bros
09/19/17 3:09:11 PM
#27:


No. Don't mess with tradition.
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Tmaster148
09/19/17 3:09:41 PM
#28:


dave_is_slick posted...
Why haven't we done this already? No one uses pennies anymore.


People of the US are too attached to them for some odd reason.
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Wedge Antilles
09/19/17 3:10:49 PM
#29:


Been great since we ditched the penny in Canada.
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dave_is_slick
09/19/17 3:16:37 PM
#30:


Volkswagen_Bros posted...
No. Don't mess with tradition.

Fuck tradition.
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Jiggy101011
09/19/17 3:18:24 PM
#31:


https://www.youtube.com/watch?v=_tyszHg96KI


Short answer: Yes
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CADE FOSTER
09/19/17 3:18:41 PM
#32:


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SageHarpuia
09/19/17 3:19:25 PM
#33:


Close your account and rethink your life choices so you never suggest something so awful ever again.
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C7D
09/19/17 3:21:20 PM
#34:


The penny costs about 2 cents to make. At lead that is what the people at Jardar Zinc, I.e. The people who make them told me.
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NES4EVER
09/19/17 3:21:31 PM
#35:


Haven't missed them the last 5 years in canada.
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#36
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Lightsasori
09/19/17 3:24:05 PM
#37:


SageHarpuia posted...
Close your account and rethink your life choices so you never suggest something so awful ever again.


No, now continued getting triggered.
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WaterLink
09/19/17 3:31:47 PM
#38:


fenderbender321 posted...
This argument has been around for years, but it doesn't make any sense. We don't manufacture coins so that they can be worth more than their production costs.

But the production costs are higher than what the product's trade value is. That's a problem.

Get rid of the penny. Round everything to the nearest .05. We already have rounding for places beyond the penny. If I buy one Arizona tea it's 1.03. if I buy two it's 2.07. That means the real price of one tea is somewhere between 1.0325 and less than 1.035. Just ditch the penny and round to the nearest nickel rather than the nearest penny.
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#39
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--kresnik--
09/19/17 3:46:40 PM
#40:


It's not "penny's," people. It's "pennies."
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southcoast09
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TheJBD
09/19/17 3:51:34 PM
#41:


Every time a penny passes through my hands I stick it up my ass.

I don’t just stick them up my ass. I spend them. It’s a long-term strategy. I’ve been doing this for 11 years now. Every day for the past 11 years, I’ve stuck $30 in pennies up my ass. I use them for everything: cab rides, movie tickets, groceries...

That’s a lot of ass pennies I’ve got out there. And here’s where the magic comes in: When I meet someone who intimidates me, who puts me on edge, a real hard-ass, I just think to myself they’ve probably handled one of my ass pennies. In fact they probably have one in their pocket right then. That just seems to give me the upper hand. I mean, hey, I haven’t touched anything that was in their ass.
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#42
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Melonfarms
09/19/17 3:54:05 PM
#43:


TheJBD posted...
Every time a penny passes through my hands I stick it up my ass.

I don’t just stick them up my ass. I spend them. It’s a long-term strategy. I’ve been doing this for 11 years now. Every day for the past 11 years, I’ve stuck $30 in pennies up my ass. I use them for everything: cab rides, movie tickets, groceries...

That’s a lot of ass pennies I’ve got out there. And here’s where the magic comes in: When I meet someone who intimidates me, who puts me on edge, a real hard-ass, I just think to myself they’ve probably handled one of my ass pennies. In fact they probably have one in their pocket right then. That just seems to give me the upper hand. I mean, hey, I haven’t touched anything that was in their ass.


This was such a funny show.
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MysticMismagius
09/19/17 3:54:29 PM
#44:


fenderbender321 posted...
^ You're gonna stick a penny up your ass that's been inside the ass of a man who has genital warts.
But it's not the man's ass that has warts, so TheJBD won't get them

http://i0.kym-cdn.com/entries/icons/facebook/000/022/138/reece.jpg
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TheJBD
09/19/17 3:54:49 PM
#45:


Melonfarms posted...
TheJBD posted...
Every time a penny passes through my hands I stick it up my ass.

I don’t just stick them up my ass. I spend them. It’s a long-term strategy. I’ve been doing this for 11 years now. Every day for the past 11 years, I’ve stuck $30 in pennies up my ass. I use them for everything: cab rides, movie tickets, groceries...

That’s a lot of ass pennies I’ve got out there. And here’s where the magic comes in: When I meet someone who intimidates me, who puts me on edge, a real hard-ass, I just think to myself they’ve probably handled one of my ass pennies. In fact they probably have one in their pocket right then. That just seems to give me the upper hand. I mean, hey, I haven’t touched anything that was in their ass.


This was such a funny show.


It was. I mean, they still do a lot of stuff. But that show was a staple of my early years.
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WaterLink
09/19/17 5:16:46 PM
#46:


fenderbender321 posted...
Making coins and currency is a service provided by the government. They aren't selling the coins to make a profit

Never said they were. But I'd rather my government not spend money in a venture that's a guaranteed loss when there's an easy solution.
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Questionmarktarius
09/19/17 5:20:32 PM
#47:


fenderbender321 posted...
^ You're gonna stick a penny up your ass that's been inside the ass of a man who has genital warts.

Copper is very anti-microbial, though. Even the zinc pennies still have a copper cladding.
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SageHarpuia
09/19/17 5:26:14 PM
#48:


Since when is money being given back to citizens a loss?
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#49
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Lightsasori
09/20/17 12:48:27 AM
#50:


SageHarpuia posted...
Since when is money being given back to citizens a loss?


When you start learning basic economics.
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