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Should The US Keep The Penny?

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SilverCents's Avatar
United States
3281 Posts
 Posted 03/14/2021  03:44 am  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Well, with someone of my username, how could I possibly say no?

Honestly though, while I do love cents, over the recent years, they've produced far too many of them. Overproduction at its finest.
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829729742's Avatar
108 Posts
 Posted 03/14/2021  11:49 am  Show Profile   Bookmark this reply Add 829729742 to your friends list Get a Link to this Reply
I think the us mint should start collecting the wheat pennies and sell them to coin collectors
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ericalynn13's Avatar
United States
59 Posts
 Posted 03/14/2021  12:42 pm  Show Profile   Bookmark this reply Add ericalynn13 to your friends list Get a Link to this Reply
My major annoyance in losing the penny would be corporations would not round in the favor of the customer or per any math conventions.

$1.99 - I'm happy to pay $2 but I think we had a few posts during the peak of covid when some companies rounded $1.01 up to $2. It adds up. Am I going to go broke over $0.04 nope, will it bug me? absolutely yes.

Canada has already done this, I wonder what folks think. . .
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ijn1944's Avatar
United States
19155 Posts
 Posted 03/14/2021  12:47 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
To keep this discussion moving, check this: 'Is It Time To Kill The Penny?'
http://goccf.com/t/378293
Edited by ijn1944
03/14/2021 12:48 pm
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jbuck's Avatar
United States
188488 Posts
 Posted 03/15/2021  3:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
My major annoyance in losing the penny would be corporations would not round in the favor of the customer or per any math conventions.
The success of being "centsless" in Canada would seem to contradict your fear.

It only takes one smart retailer to realize that rounding all cash sales down is a no-brainer. First, cash sales are cheaper than electronic sales because the processing fees will always be more than the (maximum) four cents lost on a cash sale. Second, if everyone else rounds up, they will get all the business when customers realize they are the ones rounding down.

"Take care of your customers or someone else will."
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ijn1944's Avatar
United States
19155 Posts
 Posted 03/15/2021  3:40 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Even more on this very topic:
http://goccf.com/t/330474
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shooligan's Avatar
United States
49 Posts
 Posted 03/15/2021  6:38 pm  Show Profile   Bookmark this reply Add shooligan to your friends list Get a Link to this Reply
My vote will always be yes on this subject.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/16/2021  07:04 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I think we had a few posts during the peak of covid when some companies rounded $1.01 up to $2.

Any company that does this quickly finds they have no customers (unless they have a monopoly).
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ijn1944's Avatar
United States
19155 Posts
 Posted 03/16/2021  07:46 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Back to bartering--chickens, ducks, pigs, rice, etc.
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Dearborn's Avatar
United States
96071 Posts
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jbuck's Avatar
United States
188488 Posts
 Posted 03/16/2021  09:54 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Any company that does this quickly finds they have no customers (unless they have a monopoly).



Quote:
Back to bartering--chickens, ducks, pigs, rice, etc.
If it ever comes to this...
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CMattB2's Avatar
United States
43 Posts
 Posted 03/18/2021  08:52 am  Show Profile   Bookmark this reply Add CMattB2 to your friends list Get a Link to this Reply
Is it time to bring back the 2 or 3 cent pieces?
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hfjacinto's Avatar
United States
7276 Posts
 Posted 03/18/2021  09:10 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
We should do it like Canada did, this way we have a start and end date for the cents (large and small)

Should-The-US-Keep-The-Penny?
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Yokozuna's Avatar
United States
4618 Posts
 Posted 03/18/2021  10:55 am  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
The US needs to return to the Flying Eagle design but with copper plated base metal that will not corrode like zinc. It would also be interesting to make it slightly thicker than the current cent with high relief devices. AND just to make it fun, they should only mint 250,000 each year to make it IMPOSSIBLE to get them.

They could offer them at collector only prices and that would pay for all of the minting cost.

Yes, I am insane and a cute little pig just flew past the windows of my glass house. I like the cent and would like to see them stay in the US coin lineup for now, but as I just said, I am insane.
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
Should-The-US-Keep-The-Penny?


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wulffy11's Avatar
United States
543 Posts
 Posted 03/18/2021  12:05 pm  Show Profile   Bookmark this reply Add wulffy11 to your friends list Get a Link to this Reply
The one cent coin should be NIFC only.
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