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Penny Coin Is Worthless... ?

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Alpha2814's Avatar
United States
2023 Posts
 Posted 09/29/2017  11:52 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
The kicker is the price per gallon of gasoline (and least here in the US), like $2.81 and 9/10. We never even had a 1/10¢ coin, but that's the way they list prices everywhere and hardly anyone pays attention to it.
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jbuck's Avatar
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189744 Posts
 Posted 09/29/2017  12:55 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Pay $28.19 for ten gallons of gas instead of $28.20. Woo. Hoo.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 09/29/2017  4:03 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:

Quote:
The kicker is the price per gallon of gasoline (and least here in the US), like $2.81 and 9/10. We never even had a 1/10¢ coin, but that's the way they list prices everywhere and hardly anyone pays attention to it.


Pay $28.19 for ten gallons of gas instead of $28.20. Woo. Hoo.


First of all, you save yourself a 'worthless' penny per 10 gallon. In Europe they use the same tactics by the way. Even in Norway, where the Øre as subdivision of the Krone has disappeared for 5 years ago, you'll sometimes still see gas prices in tenths of øre. 15.999 kroner per liter (roughly $7.80 per US gallon).
Also when buying currency you'll see up to 5 or 6 digits behind the main unit. That's just fair, especially with larger sums. If it was rounded up to 3 digits, you'd get a lot of currencies around the world for free if you start with USD or EUR by the way...
Edited by UltraRant
09/29/2017 4:03 pm
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jbuck's Avatar
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X2an's Avatar
Sweden
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 Posted 09/29/2017  5:15 pm  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply

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Can you see how long this has been applied then? Sweden-Norway ceased to exist in 1905


I should have seen that coming

I really need to look properly at what I write before I post.
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UltraRant's Avatar
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 Posted 09/29/2017  5:23 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
Just for the idea, but there are over 2500 Ugandan Shilling, over 2900 Colombian Pesos, over 4000 Cambodian Riel, over 8200 Lao Kip, over 13.000 Indonesian Rupee and over 22.700 Vietnam Dong in a US dollar (and to top it off, although not for sale outside the country: 33.500 Iranian Rial per dollar). You'd get these currencies for free when only applying three positions behind the comma. Talk about worthless pennies...
Edited by UltraRant
09/29/2017 5:53 pm
New Member
Turkey
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 Posted 09/30/2017  03:54 am  Show Profile   Bookmark this reply Add ErolNomad to your friends list Get a Link to this Reply

Quote:
The kicker is the price per gallon of gasoline (and least here in the US), like $2.81 and 9/10. We never even had a 1/10¢ coin, but that's the way they list prices everywhere and hardly anyone pays attention to it.


What if I buy a gallon of gas and if I request my 0,1c (1 mill)? If such price labels with the 0,1c are not illegal, they are illogical as there is no "mill" coin. Anyway, it can be only on the paper, not real money. People are not paying attention even to the cent which is real and real unit of the currency.
Edited by ErolNomad
09/30/2017 03:55 am
New Member
Turkey
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 Posted 09/30/2017  04:13 am  Show Profile   Bookmark this reply Add ErolNomad to your friends list Get a Link to this Reply

Quote:
Just for the idea, but there are over 2500 Ugandan Shilling, over 2900 Colombian Pesos, over 4000 Cambodian Riel, over 8200 Lao Kip, over 13.000 Indonesian Rupee and over 22.700 Vietnam Dong in a US dollar (and to top it off, although not for sale outside the country: 33.500 Iranian Rial per dollar). You'd get these currencies for free when only applying three positions behind the comma. Talk about worthless pennies...


You are missing a point like everybody does. Dollar, Euro, Pound, Shilling, Pesos, Riel, Rupee, Rial, Lira, Shekel, etc etc. These are NOT currency units actually. Currency unit, for ex in the US, is the Cent, not the Dollar. That's, there is no conversion actually between the currencies as their units are not being converted. For example, "how many Israel Shekel in one US Dollar" can be said, but, "how many Israel Agora in one US Cent" can NOT be said. If you go to Israel, if you want to buy Shekel by Dollar, you can do it. But, even if you want to pay much dollar or much shekel to buy one agora, you can not buy it, because one agora simply doesn't exist. The stiuation is not much different in the US. Yes, the cent exists in the US, even more, flooding, but, nobody wants it, nobody, even the president does not have a one cent coin in his pocket. That's, it is not me talking Penny is worthless, useless. Even the Presidents are considering the penny coin is worthless, useless, etc. If it were not worthless, they would have it in their pockets, wouldn't they? Reality speaking itself.

Ps: the only exception to the counted currencies above is Japan Yen. After they changed their currency unit "Sen" (by cancelling it) to "Yen", they have only Yen which is currency unit name. But, in Japan too, it is not much different as there is no "one Yen coin" there.
Edited by ErolNomad
09/30/2017 04:27 am
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Turkey
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 Posted 10/03/2017  1:17 pm  Show Profile   Bookmark this reply Add ErolNomad to your friends list Get a Link to this Reply

Quote:
Pay $28.19 for ten gallons of gas instead of $28.20. Woo. Hoo.


It can be small for you, but, that 1 cent difference is big for gas station owner. By that 1 cent difference, he can pay his salary of gas pump worker. That's, your labor is being paid by 1 cent.
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jbuck's Avatar
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 Posted 10/03/2017  4:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I certainly hope that they pay their employees better than that.
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Turkey
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 Posted 10/11/2017  2:17 pm  Show Profile   Bookmark this reply Add ErolNomad to your friends list Get a Link to this Reply

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I certainly hope that they pay their employees better than that.


A gas station probably sell more than 10,000 gallon gasoline a day. 1cent difference per gallon is equal to what? $100. That's about daily payment of a gas pump employee. So, 1c in gas price difference can pay the employee salary. Labor costs are being paid with the cent in the prices of gas, electricity, water, etc which are flowing things. And, people being paid with the cent are saying that the cent is useless...
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jbuck's Avatar
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 Posted 10/11/2017  2:59 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
The cent is useless, as a coin. If you want or need to make more profit, raise the price by a nickel or a dime. That makes more sense.

My point earlier was that I do not care if I paid $28.19 or $28.20 for the gas.
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