Pennies are not even worth what they’re worth. So why do we still make them?
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One thing that always irks me about the argument that it costs x to make coin y and y is greater than x is that this ONLY makes sense if that coin is used once and only once. They are used millions of times over, making the manufacturing cost negligible. That said, fine, get rid of the penny.
Get a water jug
Throw pennies in them along with all other spare change u dont need
And then you go to cash for change exchange
All that counting is done automatically
You can buy groceries or even exchange that shit cash
Even in South Africa we've given up our 1c and 2c coins.
Companies can still think they're fooling people into thinking a product is cheaper by charging 99.95 or 99.90 instead of 99.99.
I don't actually know what the point of prices like that is because when I see a sign for something on sale for $99.99 I think cool, that item is on sale for a hundred dollars.
Fun Factor Milford Massachusetts Man paid off his mortgage with ah carriage of 800 pounds of pennies 62-thousand imagine how he thought it out too pay final payment within the elements of surprise knowing anything is possible even for the penny!!!
Wheat Pennies nor Indian Head Pennies can be worth more than oneself would believe nor think as WW2 1941 silver penny sold for ah cool million too ah coin collector & this penny was made silver due too the amount of copper needed for WW2 materials & 1917 red penny on the back VDF or VDR I believe are the Pennies designers intials & can be worth a lot too coin collectors the less that are inn circulation the more there worth!!!
I throw them out. I mean, if you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you save 'em and you roll them up you got yourself a dollar.
We recently got rid of the $1 and $5 coins in Chile. (a Chilean peso is 0.14 US cents). Same arguments, same counter arguments. Now we round up or down cash payments to the nearest ten. Old coins can be changed at the bank. The world kept going as if nothing had happened and we no longer lose money by making money.
Dangerous? Because a dog ate them? Jeez...where the hell is Ralph Nader when we so desperately need him to protect us and our best friends? Now...how will you protect pedestrians who slip and fall on dogshit?
What about sales tax? Our state sales tax is 6%. So, if I buy something for $1, and there's no pennies, then it's going to cost me $1.10 instead of $1.06. That don't sound like much per transaction, but multiply that by the hundreds of thousands or millions of transactions every day, and that's a lot of money disappearing somewhere (somewhat like the plot of Superman 3). The only way to get rid of the penny is to change state tax codes to make all the tax rates divisible by 5.
If they got rid of the penny, the cost of a single Tootsie Roll would suddenly become unreasonably high simple due to the nickel being the lowest value currency. Sorry John but I think I just successfully refuted your whole argument.
When I was leaving USA I spent an hour wondering around the airport and looking for a charity box I could dump my two pounds of change into. And I did, eventually. The workers watching me stuff their box with coins were quite perplexed.
Pennies are mostly zinc. They used to be 95% copper and 5% zinc and as far as the metals go are worth 2 cents when copper is over $3 a pound but would be treated as brass by scrap yards. There are quite a few idiots saving them hoping to cash in some day but they will only be getting contaminated copper price.
One time we bought a soda with refills for a dollar. My mom and I decided to empty our pockets and see if we had enough pennies to pay for it and we did (you never know what you might have in a purse);after counting we went to the guy and he looked terrified and said “are you sure it’s a dollar?” We affirmed and he asked a the other cashier and they ultimately gave us the refill without taking the pennies. It might have been a waste of time but it was very funny to see their reactions and was totally worth it 😂
Yeah. You find a thousand of them, you've got yourself $10.00. And if the prospect of finding $10.00 in dirty pennies on the ground makes you happy, then you definitely need a man (or a woman) in your life.
There are very good reasons to get rid of pennies. The best that I'm aware of is that they actually cost businesses money in terms of the time required to count and handle them in transactions and banking. However, the cost of manufacturing a penny is not a good reason. If pennies were single use or if their melt value were greater than one cent (for modern pennies, that's 0.6 cents, though for older 95% copper pennies it's 1.75 cents, which is why they are rapidly disappearing from circulation), then manufacturing cost would be more meaningful. However, pennies can be used hundreds of times and they last decades. A cheaper but equally durable penny would be better, but that's not available.
6:00 okay, here's an idea... stop making cent coins and round up the prices of goods to positive integers and save yourself the cost of it's manufacture, now give that money to charity... I bet with you that there will be enough money to get homeless people off the streets
I went to UNC Charlotte. They deserved every second of that penny counting even they weren't involved with the fine. ALSO, parking spaces at UNCC were around $430 when I was there so he probably got a quarter of one but it would have been given to some visitor with a day pass.
Even if Ireland had gotten rid of the 1 cent coin, which it didn't, it wouldn't matter. It's still legal currency and Ireland is part of the Euro zone which means you could just pay with Belgian, Portuguese, Greek or what have you Eurocents.
Okay so this is address to Dawson Market and the way the manager and their self is a 0-0 one their employees are not up to standards especially in the meat department and that manager there the way he carries on Trader Joe's does Dawson Market by 8 point star Street again it also has to do with the store manager and it manager who runs the store manager in that department and the demo Department that manager is horrible Dawson Market in
Funny. This summer has been a very interesting weather and here's the thing it's the mosquitoes now you go out to store and you go by off these mosquitoes are so soon to that brand that it doesn't work you walking along and the skin is all in your face in your ear and I need to do something and redo it every single time make it better because it's not working this is for the brand name off you need to do better you need to keep up because it's not working and you also need something to protect us against the Flies to I mean after all your billion dollar company and your product is not doing it the job get back and do better
God I've never commented before but I got to say buddy I love the show and you're great, Avid watch her and I think I've seen every single show but looking back on the penny thing it's my belief and this is just my belief no fat pure fiction but is it true pennies are worthless because every year I see Santa's shake their bells and most of the people I've ever seen but money in her Cal for Penny so I'm just curious do you still stand by that
Dude, the penny is just a part of American culture. $136 mil - $80 million ... call it a $60 mil loss. Totally worth it. For all the jokes, the donations, and the science projects we get out of it ... America's pissed away more for less.
Forgive my ignorance but, as pennies are actual U.S. currency, they are subject to federal laws that protect ALL currency. Has anyone else noticed that the Cutco company sells scissors that, in a example, salesman cut a penny to show its effectiveness? I am asking because my friends were reps for the company after high school and I wonder... Are my friends Felons??
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