good thing we replaced all our home fuses w/circuit breakers (fwd)
Feb 10, 2025 Last reply: 1 year ago 37 Replies
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danny burstein
el Presidente announced today he was ordering an end to production of pennies.
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E
Ed P
Actually one of the sensible things brought up. We learned how to round up and down about third grade, now we can use that skill.
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danny burstein
Canada did this years ago. I'd have preferred if we'd have dropped both the penny and nickel, but this is certainly valid.
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retired1
And what will happen to all the Penny Press machines at tourist spots for making souvenirs ?
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Ed P
They will be repurposed at the buggy whip factory.
C
Cindy Hamilton
Does the fool think they can be used only once?
Still, I won't miss them. If I had a business, I might set my prices so that the price plus sales tax worked out to an even dollar amount.
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Cindy Hamilton
They'll have to sell slugs for the press.
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Jamaal Bowman
Do you have any credible evidence that he said that?
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Ralph Mowery
I just do not see where all the coins go to. There are millions of them made every year.
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Ed P
And billions are sitting in jars on the dresser of many homes. I've seen people throw them away.
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Carlos E.R.
Over here there are machines at the entrance to some supermarkets where you just pour in your jar, and the machine returns you a credit to expend on the shop, for instance, save for a fee or percent.
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Clare Snyder
Canada did it in May of 2012. Successfully. But the Canadian education system is still better than the American system.
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Clare Snyder
To the even 10cents makes more sense - or the even quarter dollar.
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Cindy Hamilton
They eventually wear out. And of course many of us have a big jar of coins that don't circulate.
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Clare Snyder
There are bags of them all over the USA - people too lazy to roll or count them to turn them in because "their time is too valuable"
M
micky
We have those in the US too. Around here if you get money at the cashier they charge a commission. I forget the percent, maybe 6 or 10%, but if you apply it to one of several big stores, they don't charge you. So I apply it to Amazon. IIRC I have to enter the number from the slip in the Amazon webpage.
I used to use cash most of the time, but the store didn't want cash during the epidemic, so I switched to credit card and I'm still using that, and I don't have any new coins most days. So it's over a year since I'vve used one of those coin machines.
Before the coin machines I got paper "tubes" at the bank, cheap ones that were not tubes until you opened them, for free iirc, and I rolled my coins and redeemed them for 100% of value at the bank. Later they had celluloid-or-some flimsy clear plastic to roll them in, but they might have charged for those. I still have a few of both styles left. What I'm saving them for I don't know but they don't take up much space. I have no interest in saving pennies or other change at home. Money is meant to be spent.
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Cindy Hamilton
I'm too lazy to go inside the bank.
Eventually I'll take my coins to the grocery store, dump them in a Coinstar machine, and get an Amazon credit.
Yesterday, I opened a compartment in my car and found a small stash of coins. I don't think I've pulled up to a parking meter in the last three years.
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Justin Turdeau
Canadian coins are near worthless so when i find them I just toss them in the trash.
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Carlos E.R.
At the Carrefour supermarket here they have an exit with about half a dozen automated self checkouts. Most of them are card only, but one or two of them accept cash. I have been told that I can pour down my coins in there when paying, and it will just accept them with no commission.
There are still some places here that prefer cash, or that have a minimum purchase for cards. There is a restaurant-cafe that I use when I travel that post covid preferred cards, but now has gone back to require a minimum purchase.
So I keep some cash.
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Ed P
I use a debit card at the supermarket but most other things are cash. The fruit stand, the food truck, they all get cash.
My cleaning lady gets cash too. She never complains, but I'm sure it makes extra work for her setting some of it aside for taxes and such and all the reporting/bookkeepin required.
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