Poll: Pennies: Keep Or Go?

Sure, but the place across the street will under cut them by a nickel.

After a couple years nobody will miss the cent any more than they miss the Half Cent. I for one would rather see the government do the smart thing and save us all billions of dollars and do away with the cent sooner rather than later.

And while they're at it they should revamp all US coins. It makes no sense to have the 5 cent coin be larger than the 10 cent coin and the 25 cent coin be almost the same size as the $1 coin.

Maybe maybe not. Its hard to control final prices with multiple items. Theres about a 0 percent chance that the majority of stores in NYC or DC will round up and down. Theyll more than likely add 5 cents first then round up and down so people dont notice.

For the charity like I said in the other one its all psychological. Even if over time youre giving out more from pennies than nickels each individual time it seems like nothing. People have no issue giving up a few pennies, the larger the coin the more likely they are to keep it so yes donations will go down. It doesn't mean theyll stop but theyll see a drop.




Again not necessarily. It hard to explain if you dont live in a city but its not as easy as just going across the street during heavy traffic which for me is DC. Here heavy traffic happens from 6am till 3am the next day basically. People arent going to make that effort for 5 cents which yes is their choice but adds up.

My point is where just making a lot of assumptions and saying what people should do. Nothing says they will do that. If one store raises prices and the rest follow suit thats the new norm. We dont know what will actually happen as theres no way to know for sure without doing it.

I wish to address the pennies and charity thing.

People tend to give away change for charity because it does not mean to much to them (.12, .46, .59 cents, etc), so if they give it to a great cause, they would not mind AT ALL.

If stopping production of cents really slows down charity works, that not only shows how much change is a % of charity, but also what is on the mind of the people giving.

While on the topic of charity and writing about it, I say CCF could try to make a community charity where CCF members could donate in a huge pot of $$ to be given away to a great cause the members could vote on. If such a thing already exists on the site, it needs to be advertised more.

Just sayin'

All prices are still at .99, and the government of Canada has widely circulated posters instructing you on how to round to the nearest nickel (.06 and .07 to .05, .08 and .09 to .10...).

If you follow the government's math advice, and price distribution is random, there will be no net change in prices at all.

I think pennies are hideous looking, they look cheap, feel cheap, even smell cheap. Modern zinc pennies are even worse. They stay shiny for what, two hours tops?

Rounding is off the total price. The only time stores will change prices will be on items purchased alone, like sodas. But really, most item are priced $1.99 already. And who will miss the penny back? Most people don't even use cash these days.

That's one thing people forget, the rounding would ONLY apply to cash transaction, and ONLY to the final price.

Each transaction you do will either have 2 cents rounded off, or Two Cents rounded up.

Uh oh, I hope this does not lead to a Poll Shutdown.

I kind of see where you are headed but consumers purchase multiple items so if I purchase 4 items at $1.04 my subtotal of $4.12 will make them round down again. I guess I could see the items all ending with zero but then they are faced with what if the tax makes it closer to 0 than 5. The only way to really know is to take the 1 cent away and see what happens, IMHO.

Someone mentioned that it would only be the case for cash purchases and credit purchases would not round. Is that true?