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A penny is actually worth more if you melt it down and sell the raw metal. Its costing the
government money to keep making them. |
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I'm all for getting rid of the penny. It's just not worth it anymore. When I was stationed in
Germany the PX system did not use the penny, your total purchase was rounded off to the nearest 5.
For example if you purchased three item that cost nine cents, that would total 27 cents but we were
charged only 25 cents. Even if they ROUNDED UP the total purchase to the near 5, I don't think four
cents is going to kill our personal budgets. Yeah, get rid of the penny and the paper dollar. |
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Definitely good idea. Pennies, c'mon, they're not really worth anything.
An even better idea: Make everything that is in dollars in cents. For Example: Something that is
currently 10 dollars should become 10 cents. We will have to get rid of pennies sometime, because
when a pack of gum becomes $200, the penny will be worth 20x less than it is now. |
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They should get rid of the Penny & the nickel !! It would be much easier to round to 10 cents.
Things would be in Dollars and tenths!!! Just get rid of that extra decimal place!!! |
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A penny costs the US Mint 1.7 ¢ ...
It is not a very wise business decision to keep on paying 1.7¢ for 1.0¢ value...
US will be the last country to adapt. They still have paper one-dollar bills ! |
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We have already gotten rid of our 1 cent coin in Australia (in the 60s) and it works out great. |
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And why not, not a bad idea and in fact not an original one either..
In the UK we did have 1/2 pennies and they are now obsolete..
Before that there were 'farthings' and they went many years ago..
Why not drop the pointless penny and 2 penny .. I hate carrying change in my pocket and would gladly
sacrifice a few pennies over the year to be rid of them.. |
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I found this stupid at first, until I read what was actually in here. It's true the penny does cost
more to make than it is actually worth, but if we were to get rid of the penny how would we give
correct change? I thought of first getting rid of cents completely, only have dollars, and coins.
That seems stupid I know was to round to the nearest multiple of 5, rounded up or down it really
makes no difference because your only losing about 1, 2, 3 or 4 cents. |
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The penny is worth less than its own weight in copper and zinc, at a time when our government is
running record deficits it seems stupid to pay more for something that most people leave in a little
tray at the checkout counter. It cost 1.4 cents for every penny in 2006 and we made over 8.2
billion of them, seems like a huge waste of tax payer dollars to me. |
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They should be banned because they cost more than they are worth.
Also lucky pennies aren't lucky when they are all over the ground |
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It is time to get rid of pennies. Their production cost is higher than the coin's face value and
most people do not use them anymore. The problem that mints are faced with is that they must create
more and more pennies each year because people horde them, or throw them out altogether. Many stores
and restaurants already practice rounding, in order to avoid the use of pennies. In Canada, most
stores have a small tray next to the cash register with the slogan "take a penny, leave a penny"
printed onto it. This way people can drop off their unwanted loose change and stores often use these
coins when they engage in rounding that favors the client.
Australia has already gotten rid of its one cent coins and the Canadian parliament is currently
considering a bill that will abolish the penny as well. The US, Britain and the euro zone should
also follow this example. |
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Pennies are used alot after tax is added....But still, pennies shouldn't be destroyed since they
have lots of history behind them and are good for collection. |
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NO! A (Canadian) penny is a sign of Canada. We should always keep it. It is like a peice of a whole
we need to keep the penny! |
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No Pennies Are Useful For Rolling Down The Street And Watching People Give Us Strange Looks |
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NO! I love love love pennies |
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If you take pennies out of currency then what would happen if flies are taken out of the ecosystem?
That is the Question! |
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If pennies were gone, everything would go up in price. |
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As Lawcom points out, we used to have half-pennies etc, so I guess the penny will disappear.
Yes, I find having a lot of one and two pennies in my purse annoying, but it's preferable to having
an interest rate with a minimum five pence change... |
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No way! Pennies add up just like every other coin. Just because they are not used as much, doesn't
mean that they don't spend the same. If you choose not to spend them, throw them in an empty jar and
save them until the jar is full. Then you can go to the bank or Coinstar and eliminate all your
pennies for cash. |
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We all use pennies, and besides if we got rid of the pennies, taxes would have to round to the
nearest multiple of five, and I guarantee you they'd go up, not down, and who would want that? |
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What the heck is this..... |
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Uhm....if we take away pennies it would be impossible to give back the right change, what happens if
your change is 11 cents, here's your dime but crap...no more pennies, hmmm, now what do we
do?there's your answer genius |
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I'm against this. Pennies are good historical coins. |
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I actually like pennies, they may take up a load of room in your wallet/purse/pockets but I find
them to be quite...quaint :) |
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Personally, I like finding lucky pennies on the ground... |
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21 Feb 2008 17:30
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