US Treasury to stop producing pennies next year
1–10 of 27 posts
Re: US Treasury to stop producing pennies next year
#2Australia stopped one and two cents coins decades ago. It's sad to have to live with a system where the numbers are just two or even five times larger than they should be, but I suppose worse things have happened.
Re: US Treasury to stop producing pennies next year
#3It's about time.
Andy Rooney complained about pennies back in the 1980s. https://www.youtube.com/watch?v=A-zcWgXu4hg . "A penny saved is a waste of time."
In inflation-adjusted terms, a penny back then was worth almost 3 cents now.
Re: US Treasury to stop producing pennies next year
#4It's about time. Andy Rooney complained about pennies back in the 1980s. https://www.youtube.com/watch?v=A-zcWgXu4hg . "A penny saved is a waste of time." In inflation-adjusted terms, a penny back then was worth almost 3 cents now.
I am such a cheapskate that I can't not bother with pennies. I will save so much time from this.
Re: US Treasury to stop producing pennies next year
#5Replace it with a 33 cent coin
Re: US Treasury to stop producing pennies next year
#6> The phasing out of the coins will mean businesses will need to round prices up or down…
Only when paying cash, and only the total.
Re: US Treasury to stop producing pennies next year
#7Australia stopped one and two cents coins decades ago. It's sad to have to live with a system where the numbers are just two or even five times larger than they should be, but I suppose worse things have happened.
I don’t think it’s sad. Just the reality of constant inflation. And the $1 and $2 notes were replaced with coins, which are much better.
I’m hoping the 5c coins will go soon, and we’ll get an $5 coin.
Re: US Treasury to stop producing pennies next year
#8In high school, 17 years ago, I wrote a DBQ (document based question essay) for an AP test about why pennies were a huge waste to the economy. Both in cost to some, keep in circulation, and just dealing with for businesses/consumers.
It’s past time we did away with the penny and honestly the nickel shouldn’t be too far behind. Really anything less than a quarter seems like more trouble than it’s worth at this point. I would never carry change though, I barely carry cash as-is.
Re: US Treasury to stop producing pennies next year
#9In high school, 17 years ago, I wrote a DBQ (document based question essay) for an AP test about why pennies were a huge waste to the economy. Both in cost to some, keep in circulation, and just dealing with for businesses/consumers. It’s past time we did away with the penny and honestly the nickel shouldn’t be too far behind. Really anything less than a quarter seems like more trouble than it’s worth at this point.…
With Trump trying his very best to devalue the dollar, you think it's wise to do this now?
Re: US Treasury to stop producing pennies next year
#10In high school, 17 years ago, I wrote a DBQ (document based question essay) for an AP test about why pennies were a huge waste to the economy. Both in cost to some, keep in circulation, and just dealing with for businesses/consumers. It’s past time we did away with the penny and honestly the nickel shouldn’t be too far behind. Really anything less than a quarter seems like more trouble than it’s worth at this point.…
With Trump trying his very best to devalue the dollar, you think it's wise to do this now?
I don’t fully understand the question. How does removing the penny factor in? I honestly don’t get or I am missing the connection.