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The last-ever penny will be minted today in Philadelphia

cnn.com

171–180 of 981 posts

Re: The last-ever penny will be minted today in Philadelphia

#171

Earlier quoted context omitted.

I honestly don't know why we don't get rid of nickels and dimes as well. What can you still buy that costs less than $0.25?

My employer has a 55¢ vending machine with a dodgy bill validator.

I was once at a place that had a vending machine that accepted U.S. Currency as well as coupons. I wish I saved one of those coupons and reverse-engineered it and see if it worked on other machines, oh well.

Re: The last-ever penny will be minted today in Philadelphia

#172
post #131

Well no, apparently ANY President now has almost ANY power so the next President could order a new penny made with their face on it sure they could, look at the east-wing and tell me what limits of power a President has

Any Republican president maybe. The Supreme Court and a Fox media circuit would never let the opposition ignore congress like this.

Re: The last-ever penny will be minted today in Philadelphia

#173

Finally! Here is a delightful article from NYT from last year on this topic. Truly fascinating and bewildering. https://www.nytimes.com/2024/09/01/magazine/worthless-pennie...

> When Robert Whaples, an economist at Wake Forest University, published an article in 2006 about the imperative to eliminate America’s 1-cent coin, he received a personal note: “Get it done, and you will deserve the Nobel Prize!”

Everything makes sense now...

Re: The last-ever penny will be minted today in Philadelphia

#174

Earlier quoted context omitted.

just make the price a multiple of five cents

State and local taxes make this infeasible

Retailers don't, like, have to add sales tax on top of listed prices.

They just have to pay it.

Re: The last-ever penny will be minted today in Philadelphia

#175
post #93

Earlier quoted context omitted.

American banknotes have numbers on them to easily distinguish the different values!

Which is great if you are fully abled! But for folks for whom sight isn't as strong, additional aids (different colors, different sized banknotes for different denominations) are super helpful.

Some currencies also have braille-like embossments so that if you're totally blind, you can still pick out the correct denominations.

Re: The last-ever penny will be minted today in Philadelphia

#176
post #95

Earlier quoted context omitted.

[flagged]

Does the Canadian solution of adding brail to the notes inconvenience you, or is that an acceptable way to make sure that people with disabilities can participate in cash transactions safely? Does having different sized coins strike you as an inconvenience? Why does a feature that can be used by anyone, regardless of disability, strike you as "inconvenient for almost everybody"? What, exactly, is inconvenient about h…

Different sized bills are harder to stack in a wallet. Braille is a much better way to handle the problem. No cost to the majority, while solving the problem for the minority.

Re: The last-ever penny will be minted today in Philadelphia

#177

I'd say screw it, get rid of nickles and dimes as well. Quarters can stay, for now. It's a complete waste of money and time continuing to mint such low-value currency. It can't be used for just about anything. Unfortunately, I do see the problem with part of this. For a handful of items where it does matter, it will force people to use cards more if they want to avoid rounding. And the card providers already have a c…

But add a $3.50 coin so that we can strongly incentivize coffee to stay below a certain price.

Just take a zero out of everything and change the name from dollar to something else!

Re: The last-ever penny will be minted today in Philadelphia

#178
post #115

Earlier quoted context omitted.

I'll agree on all but one point. The cotton/linen notes feel so much better in the hand than the candy wrapper plastic of Canadian bills. I know it's a dumb reason, but I just hate the feeling.

Plus US dollars just have that smell to them. I wouldn't mind though if we rotated out some of the faces on the bills, e.g. Andrew Jackson

You do know who would be the first person to rotate in, don't you.

Re: The last-ever penny will be minted today in Philadelphia

#180

Earlier quoted context omitted.

But add a $3.50 coin so that we can strongly incentivize coffee to stay below a certain price.

Also for the memes…

It would be exceedingly funny is 75% of the value.

Maybe make it be a $3.33 coin?

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