It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow.
It never did.
For the same reason they always did. Marketing.
Marketing. The same reason stuff is $9.99 instead of $10.00; it looks like it's not as expensive.
It is rounded. Go back to sleep.
Agreed!
And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash.
Toss them in the trash? With the price of copper what it is? Wow.
From my gas station days (40 years ago), the fractions of a cent were used competitively. Say the gas price was 29.9 cents at one station; another station would mark it down to 29.4 cents and the traffic would flow in. Now, it's just tradition and marketing to have that fraction. Wonder what brand will be the first to drop it.
Tomsic
Canada has already gotten rid of the penny.
Here is a subject dear to my heart. Gas here about $ 3.99 9/10 It looked cool at $ .19 9/10
I don't even like pennies.
Local service station/market/ service facility to me they make no money using credit cards for gas. You would love this facility. I now get all my stuff done there.
Greg
If I drop pennies, I don't pick them up.
Greg
we did that in '79 during the alleged shortage. It was like a buck four point nine, the station across the street would change to %1.04.8 ..... Boss man would say drop it two tenths, change the pumps then the sign. Sometimes we'd change those 12 pumps 4 or 5 times a day.
Didn't know that. I have lots.
Tomsic
Getting rid of the penny itself but not the denomination. Still a base
100 dollar.So electronically, still pay to the penny correct?
Ah, no, you don't. Next time you fill up, do the math.
A penny saved is a penny earned.
gregz wrote in news:1712672016369710999.929015zekor- snipped-for-privacy@news.eternal-september.org:
So your time is worth more than $36/hour?
It takes less than second to stoop and pick up a coin. There are 3600 seconds in an hour. Do the math.
They are not made out of copper anymore. I doubt you would find very many incirculation that are copper. I am not sure what the material theya re made of now is worth.
I have heard there are millions of copper pennys stored and the ones that have them are waiting on a law that allows melting down coins as the copper is worth much more than the penny. Not sure if any of that is true.
I thought a penny saved, is a penny taxed.
Christopher A. Young Learn more about Jesus
Zinc, with a little copper clad.
Christopher A. Young Learn more about Jesus
They are not made out of copper anymore. I doubt you would find very many incirculation that are copper. I am not sure what the material theya re made of now is worth.
I have heard there are millions of copper pennys stored and the ones that have them are waiting on a law that allows melting down coins as the copper is worth much more than the penny. Not sure if any of that is true.
~1/4 of my time is.
in an hour. Do
It's also littering. I won't pick up a penny but will pick up one I've dropped.
A penny saved is a decent shot pin washer. They also make a decent washer to use in a place where steel would rust.
Copper plated zinc
in an hour. Do
You let me know where I can find enough pennies on the ground where I can do that. Oh, you can't. That's why your "example" is meaningless. You would be lucky to find more then 10 or 20 pennies in an hour of searching, that's going to get you a paycheck of less then $0.25/hour. Do the math. Maybe that's all your time is worth... I've got better things to do. The penny should have been done away with years ago. That fact that it hasn't is testimony to the stupidity that is rampant in Congress and the US in general.
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