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 Replies: 194 / Views: 12,398 |
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Moderator
 United States
162274 Posts |
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I received my notification yesterday to validate info for my subscription to the 2025 proof set. Here we go! 
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Valued Member
United States
401 Posts |
jbuck I too will order one too. I also put in for the unc sets. Got to have reminders of what we will be missing.
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Pillar of the Community
United States
927 Posts |
Wow this is an entertaining thread. It took me most of the day to read all of it. I agree with most of the statements made.
I just have one question for the Canada folks:
When Canada stopped making cents in 2012, did businesses change the pricing to round to 5 cents (like 99 cents to 1 dollar), or did the posted charges stay the same? Were individual items rounded or just the total price (including tax)?
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Pillar of the Community
 Canada
9693 Posts |
Individual item prices were/are not rounded.
The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
927 Posts |
So basically, dropping production of the one cent coin should be a done deal. At least as far as circulation mintage goes. Will it happen? I hope so. It seems that other countries had no effect on listed prices.
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Moderator
United States
162274 Posts |
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jbuck I too will order one too. I also put in for the unc sets. Got to have reminders of what we will be missing. Excellent! 
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Moderator
United States
162274 Posts |
Quote:
Individual item prices were/are not rounded. The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged. 
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Moderator
United States
162274 Posts |
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So basically, dropping production of the one cent coin should be a done deal. At least as far as circulation mintage goes. Will it happen? I hope so. I wish people down here were better educated to how things actually work in the real world and not primed to accept the FUD crammed down their throats by unscrupulous talking heads. 
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Pillar of the Community
Russian Federation
4991 Posts |
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Individual item prices were/are not rounded.
The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged.  In Israel in the early 2000s, a few years after the discontinuation of the 1 agora (0.01 shekel) coin, approximately all the prices ended in .99, and totals were rounded to the nearest 0.05 at the register (at least for cash transactions, but AFAIK noncash was still mostly an exception in those days). In modern Israel, the lowest coin is 10 agorot (0.10 shekel), and most prices end in .90 (though .00 is also common, and sufficiently cheap items can be all over the place), but there are a few officially-regulated prices that end in random numbers (e.g. 7.07 for a liter of milk), and of course if the price is per kilogram it can become any number after multiplying by the actual weight. At the end the prices are indeed rounded (usually to the nearest 10 agorot, sometimes to the next lowest 10 agorot, treatment of values ending in 5 varies by store), and indeed only for cash transactions (though at a few places with sufficiently nonautomated cash registers I've seen the sums rounded before being entered into the card receiver).
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Moderator
United States
162274 Posts |
Thank you for sharing your perspective, J1M. |
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New Member
United States
17 Posts |
Why not get rid of the nickel too? If you get rid of the cent, it makes no "cents" to keep the nickel!!!
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Pillar of the Community
Russian Federation
4991 Posts |
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Why not get rid of the nickel too? If you get rid of the cent, it makes no "cents" to keep the nickel!!! The problem is that in that case either at least one of the dime and quarter also has to go, or you'd have trouble when someone technically has more money than the (rounded) price but there's no remaining way to give change. (Now, there have been countries where the lowest denominations were [equivalent to] 2 and 5 cents, and even worse cases like the ever-popular Venezuelan 12 1/2 cent coin. I'm sure they somehow figured out how to get around that problem.)
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Moderator
United States
162274 Posts |
The five cents coin can still be saved by composition change. However, they should just cut the end: get rid of it and the dime.  |
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Pillar of the Community
United States
3907 Posts |
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Why not get rid of the nickel too? If you get rid of the cent, it makes no "cents" to keep the nickel!!! Why not get rid of all coins? They are heavy and a lot of trouble and expensive to produce. And paper money too, it's disgusting and dirty. I say just go all digital.
Contact me for photographic equipment or visit my home page at: https://macrocoins.com |
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Pillar of the Community
United States
2071 Posts |
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I say just go all digital. Which crypto? It's funny, the #1 crypto is Bitcoin, which was created by an anonymous person. It has no federal insurance & if you get hacked, you have no recourse to get your funds back. XRP has actual utility but was recently under SEC scrutiny & litigation pending. Would the federal govt just create their/our own crytpo? Would it be recognized worldwide, like the dollar? 
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Replies: 194 / Views: 12,398 |
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Posted 02/20/2025 7:24 pm
