Current Events > Why penny hasn't been discontinued?

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saspa 08/19/20 3:14:13 PM #1:	They cost more to make than they're worth, waste of precious zinc (see Simpsons video below) and copper (the mineral not the slang for police officer) https://www.youtube.com/watch?v=jWpPrWHBHcQ --- https://imgur.com/0UFI0T9 <cite>saspa posted [p:943576548] in Why penny ... [t:78921749]...</cite> <quote>They cost more to make than they're worth, waste of precious zinc (see Simpsons video below) and copper (the mineral not the slang for police officer) https://www.youtube.com/watch?v=jWpPrWHBHcQ</quote> ... Copied to Clipboard!
Chicken 08/19/20 3:17:38 PM #2:	Canada discontinued theirs years ago. --- May contain bones https://youtu.be/jGbI0P4hh3o <cite>Chicken posted [p:943576670] in Why penny ... [t:78921749]...</cite> <quote>Canada discontinued theirs years ago. </quote> ... Copied to Clipboard!
Master_Bass 08/19/20 3:25:33 PM #3:	They are a waste. I wouldn't cry if they got rid of them. --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:943576946] in Why penny ... [t:78921749]...</cite> <quote>They are a waste. I wouldn't cry if they got rid of them. </quote> ... Copied to Clipboard!
Paragon21XX 08/19/20 3:28:41 PM #4:	Because pennies have a "velocity" (number of times it is traded in cash transactions) that essentially pays for itself. --- Hmm... <cite>Paragon21XX posted [p:943577076] in Why penny ... [t:78921749]...</cite> <quote>Because pennies have a "velocity" (number of times it is traded in cash transactions) that essentially pays for itself.</quote> ... Copied to Clipboard!
__aCEr__ 08/19/20 3:29:26 PM #5:	You can't cancel Abe Lincoln. --- See you next Wednesday. <cite>__aCEr__ posted [p:943577102] in Why penny ... [t:78921749]...</cite> <quote>You can't cancel Abe Lincoln. </quote> ... Copied to Clipboard!
K181 08/19/20 3:31:02 PM #6:	If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. --- Irregardless, for all intensive purposes, I could care less. <cite>K181 posted [p:943577177] in Why penny ... [t:78921749]...</cite> <quote>If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. </quote> ... Copied to Clipboard!
Wii_Shaker 08/19/20 3:32:01 PM #7:	K181 posted... If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. Why does it even matter if the price of everything is going to inflate anyways? --- "He busted in, blessed be the Lord Who believe any mess they read up on a message board" -MF DOOM <cite>Wii_Shaker posted [p:943577209] in Why penny ... [t:78921749]...</cite> <quote>K181 posted... </cite> <quote>If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra.</quote> Why does it even matter if the price of everything is going to inflate anyways? </quote> ... Copied to Clipboard!
saspa 08/20/20 11:45:19 PM #8:	Yeah wouldn't prices inflate regardless. That extra money could be used to improve infrastructure and what have you --- https://imgur.com/0UFI0T9 <cite>saspa posted [p:943635351] in Why penny ... [t:78921749]...</cite> <quote>Yeah wouldn't prices inflate regardless. That extra money could be used to improve infrastructure and what have you</quote> ... Copied to Clipboard!
TreyFlowers 08/20/20 11:46:46 PM #9:	Cash in general is a waste. It's filthy as fuck and with tap & pay on debit cards, there's literally no need. Some old person gave me a dirty look because I tap & paid for something that was $0.20 the other day. Get with the times, cave man. Cash is NOT king. --- ...for it is better to be alone than in bad company. <cite>TreyFlowers posted [p:943635408] in Why penny ... [t:78921749]...</cite> <quote>Cash in general is a waste. It's filthy as fuck and with tap & pay on debit cards, there's literally no need. Some old person gave me a dirty look because I tap & paid for something that was $0.20 the other day. Get with the times, cave man. Cash is NOT king. </quote> ... Copied to Clipboard!
Kajagogo 08/20/20 11:47:25 PM #10:	https://www.youtube.com/watch?v=gQx9y6zx_to --- By Grabthar's Hammer....what a savings. <cite>Kajagogo posted [p:943635426] in Why penny ... [t:78921749]...</cite> <quote>https://www.youtube.com/watch?v=gQx9y6zx_to </quote> ... Copied to Clipboard!
Crazyman93 08/20/20 11:48:03 PM #11:	Wii_Shaker posted... Why does it even matter if the price of everything is going to inflate anyways? Because it would increase the rate of inflation. Inflation is generally part of a normal and healthy economy, but when the rate gets too high it's a problem. --- let's lubricate friction material! ~nickels, Cars & Trucks <cite>Crazyman93 posted [p:943635442] in Why penny ... [t:78921749]...</cite> <quote>Wii_Shaker posted... </cite> <quote>Why does it even matter if the price of everything is going to inflate anyways?</quote>Because it would increase the rate of inflation. Inflation is generally part of a normal and healthy economy, but when the rate gets too high it's a problem. </quote> ... Copied to Clipboard!
008Zulu 08/20/20 11:49:15 PM #12:	K181 posted... If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. Would people really get that bent out of shape if something went from $49.99 to $50 even? --- If you protest, it's because you feel your voice isn't being heard. If you riot, it's because you feel your voice is being ignored. <cite>008Zulu posted [p:943635472] in Why penny ... [t:78921749]...</cite> <quote>K181 posted... </cite> <quote>If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra.</quote>Would people really get that bent out of shape if something went from $49.99 to $50 even? </quote> ... Copied to Clipboard!
TreyFlowers 08/20/20 11:51:13 PM #13:	K181 posted... If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. The lowest coin in Australia is 5c coin. If paying cash, if something is $2.22, we pay $2.20. If it's $2.23, we pay $2.25. Paying via debit/credit card, you pay the exact amount. --- ...for it is better to be alone than in bad company. <cite>TreyFlowers posted [p:943635523] in Why penny ... [t:78921749]...</cite> <quote>K181 posted... </cite> <quote>If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra.</quote> The lowest coin in Australia is 5c coin. If paying cash, if something is $2.22, we pay $2.20. If it's $2.23, we pay $2.25. Paying via debit/credit card, you pay the exact amount. </quote> ... Copied to Clipboard!
Smackems 08/20/20 11:53:12 PM #14:	Pennies are annoying --- Common sense is the most uncommon thing in the world-some dude. <cite>Smackems posted [p:943635568] in Why penny ... [t:78921749]...</cite> <quote>Pennies are annoying </quote> ... Copied to Clipboard!
Stagmar 08/20/20 11:55:49 PM #15:	TreyFlowers posted... The lowest coin in Australia is 5c coin. If paying cash, if something is $2.22, we pay $2.20. If it's $2.23, we pay $2.25. Paying via debit/credit card, you pay the exact amount. Same with Canada. --- 11/11/1572 -- Never Forget. <cite>Stagmar posted [p:943635631] in Why penny ... [t:78921749]...</cite> <quote>TreyFlowers posted... </cite> <quote>The lowest coin in Australia is 5c coin. If paying cash, if something is $2.22, we pay $2.20. If it's $2.23, we pay $2.25. Paying via debit/credit card, you pay the exact amount.</quote>Same with Canada. </quote> ... Copied to Clipboard!
HiddenRoar 08/20/20 11:58:18 PM #16:	TreyFlowers posted... Some old person gave me a dirty look because I tap & paid for something that was $0.20 the other day. Get with the times, cave man. Cash is NOT king. Because he most likely pays for the transaction fee per card transactions instead of having the customer pay, therefore such a low sum means he's most likely losing money in that transaction. Which is why some places have a minimum purchase requirement for card. <cite>HiddenRoar posted [p:943635705] in Why penny ... [t:78921749]...</cite> <quote>TreyFlowers posted... </cite> <quote> Some old person gave me a dirty look because I tap & paid for something that was $0.20 the other day. Get with the times, cave man. Cash is NOT king.</quote> Because he most likely pays for the transaction fee per card transactions instead of having the customer pay, therefore such a low sum means he's most likely losing money in that transaction. Which is why some places have a minimum purchase requirement for card. </quote> ... Copied to Clipboard!
MagnusX 08/21/20 12:01:46 AM #17:	Stagmar posted... Same with Canada. This. Not having a 1 coin is fucking fab. <cite>MagnusX posted [p:943635788] in Why penny ... [t:78921749]...</cite> <quote>Stagmar posted... </cite> <quote>Same with Canada.</quote>This. Not having a 1 coin is fucking fab. </quote> ... Copied to Clipboard!
Middle hope 08/21/20 12:06:43 AM #18:	Just jeep shit how it is. There are probably a trillion pe nies in circulation and its not that big of a deal --- https://imgur.com/iQep35u https://imgur.com/nhHkg9L @ me and ask me about my cool shirt! <cite>Middle hope posted [p:943635909] in Why penny ... [t:78921749]...</cite> <quote>Just jeep shit how it is. There are probably a trillion pe nies in circulation and its not that big of a deal </quote> ... Copied to Clipboard!
IfGodCouldDie 08/21/20 12:11:44 AM #19:	K181 posted... If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra. Only when paying with cash. The way we did it in Canada is X.03/04 gets rounded up X.01/02 gets rounded down anything paid by credit or debit is the exact price. --- Mind post. XBL:Cyanide Sucker PSN:IfGodCouldDie IGN:SuperPattyCakes FC: SW-1615-6159-5504 <cite>IfGodCouldDie posted [p:943636023] in Why penny ... [t:78921749]...</cite> <quote>K181 posted... </cite> <quote>If you removed the penny, all you'd be doing would be increasing the price of everything up to the nearest nickel. Couple that over the span of God only knows how many billions of transactions and you'd easily have Americans spending more than the cost of making pennies annually extra.</quote>Only when paying with cash. The way we did it in Canada is X.03/04 gets rounded up X.01/02 gets rounded down anything paid by credit or debit is the exact price. </quote> ... Copied to Clipboard!
WilliamPorygon 08/21/20 12:18:48 AM #20:	Because here in America we don't do sane and sensible things like the rest of the goddamn world --- Dolphins are people too! https://www.gamefaqs.com/boards/1404-cetacea-cove <cite>WilliamPorygon posted [p:943636200] in Why penny ... [t:78921749]...</cite> <quote>Because here in America we don't do sane and sensible things like the rest of the goddamn world </quote> ... Copied to Clipboard!
TreyFlowers 08/21/20 1:20:31 AM #21:	Stagmar posted... Same with Canada. Remember back when putting petrol in the car and making sure you ended on $0.02 for that bonus fuel. Good times. --- ...for it is better to be alone than in bad company. <cite>TreyFlowers posted [p:943637611] in Why penny ... [t:78921749]...</cite> <quote>Stagmar posted... </cite> <quote>Same with Canada.</quote> Remember back when putting petrol in the car and making sure you ended on $0.02 for that bonus fuel. Good times. </quote> ... Copied to Clipboard!
ElatedVenusaur 08/21/20 1:21:39 AM #22:	There is no force in American politics greater than inertia. <cite>ElatedVenusaur posted [p:943637630] in Why penny ... [t:78921749]...</cite> <quote>There is no force in American politics greater than inertia. </quote> ... Copied to Clipboard!
Crazyman93 08/21/20 1:21:39 AM #23:	008Zulu posted... Would people really get that bent out of shape if something went from $49.99 to $50 even? People, no. But pricing stuff at x.99 rather than y.00 is an advertising trick I believe. --- let's lubricate friction material! ~nickels, Cars & Trucks <cite>Crazyman93 posted [p:943637631] in Why penny ... [t:78921749]...</cite> <quote>008Zulu posted... </cite> <quote>Would people really get that bent out of shape if something went from $49.99 to $50 even?</quote>People, no. But pricing stuff at x.99 rather than y.00 is an advertising trick I believe. </quote> ... Copied to Clipboard!
Shadowplay 08/21/20 1:23:43 AM #24:	Isn't there a lobbying group that has worked to keep the penny around for the sake of the company that supplies the zinc plates to the mint? --- I make a topic in Final Fantasy 12 to ask if Tifa! They said no Tifa. Hardness gone!-gandob <cite>Shadowplay posted [p:943637672] in Why penny ... [t:78921749]...</cite> <quote>Isn't there a lobbying group that has worked to keep the penny around for the sake of the company that supplies the zinc plates to the mint? </quote> ... Copied to Clipboard!
foxhound101 08/21/20 1:27:16 AM #25:	We really should get rid of the penny. Sounds like Canada and other countries figured out an intelligent way to do it. On the rare occasion I use cash I don't want to see a penny, ever. --- http://www.globatron.org/wp-content/uploads/2010/05/Lava_Lamp_Animation-1.gif <cite>foxhound101 posted [p:943637747] in Why penny ... [t:78921749]...</cite> <quote>We really should get rid of the penny. Sounds like Canada and other countries figured out an intelligent way to do it. On the rare occasion I use cash I don't want to see a penny, ever. </quote> ... Copied to Clipboard!
saspa 08/23/20 3:05:22 AM #26:	Crazyman93 posted... People, no. But pricing stuff at x.99 rather than y.00 is an advertising trick I believe. It's entirely perception based, customers somehow see $39.99 as cheaper than $40.00. It's like psychological pricing --- https://imgur.com/0UFI0T9 <cite>saspa posted [p:943713773] in Why penny ... [t:78921749]...</cite> <quote>Crazyman93 posted...</cite> <quote> People, no. But pricing stuff at x.99 rather than y.00 is an advertising trick I believe. </quote> It's entirely perception based, customers somehow see $39.99 as cheaper than $40.00. It's like psychological pricing</quote> ... Copied to Clipboard!
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Current Events > Why penny hasn't been discontinued? (+) Yeah! (+)

Current Events > Why penny hasn't been discontinued?