Nickels too? They cost 9.2 cents last year. 80% over face value,
they are a worse/better buy than pennies.
I'm not ready to round everything off to 10cent increments just to
I don't believe their production costs have direct relation to the face
value. Since they take part in hundreds (thousands?) of transactions,
their production cost is pretty much the government's cost of enabling
this many transactions, each of which will get taxed at some point. If
there was VAT tax in the US, it would make the calculation a bit easier
but in any case, someone will get some income from the transaction which
will then be taxed either on personal or corporate level.
Yeap, I thought so, too. Since there is no inflation in the US (or so they
say anyway), the only result of the elimination of the penny would be the
rounding up of all prices to the next smallest coin.
On Jan 17, 3:48 pm, info_at_1-script_dot firstname.lastname@example.org (DA) wrote:
Dunno about where you are but it is becoming common here for
businesses to ignore the odd pennies. If the change will include 4
pennies, they just give you a nickel. Change includes 1 penny, they
charge 1 penny less. Customers commonly toss odd pennies on the
counter over and above the bill.
I find it very odd considering the non-respect of a penny that gas
stations still price gas at $3.19 9/10. Businesses should round their
prices up or down to eliminate the odd pennies at the end.
Yes, I know much of the rest of the world has gotten rid of their low
denomination coins, so why can't we?
I hope some investigative journalists dig deep enough to tell us the
whys and whos about congress being against getting rid of pennies for
quite some time now.
Who is influencing our "hired hands"* in Washington to keep pennies in
existance? Is it the metal producers, the US Mint workers union, the
transportation companies who take them to the banks, or probably all of
* "Our hired hands in Washington" is how Will Rogers referred to congress.
We REALLY NEED some efficeny experts to make necessary changes.
one and 5 dollar bills shouldnt be paper, make them low weight coins
for easy carrying.
round everything to quarters, elminate pennies nickels and dimes.
We DONT need a post office on every corner, none closer than say 5
miles, contract out much to grocery and other stores, elminate
saturday and wednesday deliveries. they arent needed.
If you did this all thru government we wouldnt have a deficit:)
and taxes could be lower
Are you saying the state gummints would only round sales tax up and not
I'm not saying I don't think they wouldn't, but.....
I was really amazed when Massachusetts, my place of residence, repealed
the sales tax on liquor which had been put in place last summer.
Yes but the US Mint and the US Treasury are two separate entities. In
Canada $1 coins (loon?) are used all the time because they stopped
making $1 bills. That is why we never adjusted to the dollar coin,
because the Treasury won't stop loosing money making paper dollars.
The pennies are really bad, just think of how long they have been our
lowest value coin. It's time to say goodbye to the pennies and the
nickels and make dimes the lowest value. Then the treasury can start
making $1000 bills again. Although I think the thousand $ bill will
never return, with the trend of electronic payments that never need
coins or paper bills. Paper money is too difficult to trace.
One of the major reasons for the dollar coin flop is the size. It is
too close to a quarter. I thought that after the Susan B anthony
fiasco they would have learned but nooo...here comes the new one with
the same flaw.
I would much rather carry a dozen dollar coins than have my billfold
cluttered up with paper dollar bills. I have tried using the dollar
coins but businesses really don't like them.
I hear that a lot, but I don't buy it. ALL paper money is exactly the same
size and weight. Solution? You actually have to look at it. No reason the
same doesn't apply to coins.
The dollar coin will be hugely successful the moment they stop printing
the blid cant identify the difference between bills, theres a lawsuit
money must be redesigned, better to go efficent, and give vending
companies a short term tax break to cover upgrade costs.
many vending machines accept credit/debit cards.
which is more efficent minimizes break ins and no cash counting
There is a big difference between "successful" and "popular". Give
the coin a distinctive size so you can tell it by feel would be a big
start. that the "powers' can't seem to _get_ that simple concept is
To make it very distinctive would cause people to complain that it is too
large and also drive up cost and weight. We had large coins and people
didn't carry them.
Screw "popular". It's money. Someday we'll be doing it all with our phones
or other e-methods anyway.
Who says it has to be "big" It can be smaller, even a little bit
bigger. The old dollar coins for sure were a nuisance. They were in
common use in this area up to around the mid 50s. I could still get a
few in change after that when I came back on furlough. Advantage?
Great 'break the ice' with the girls back east when you could pull out
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