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 Replies: 56 / Views: 3,250 |
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Moderator
 United States
163970 Posts |
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"Should we eliminate the cent?" is the numismatic small talk equivalent of "Who will win the division this year?". It's an enjoyable topic to rehash every once in a while. And the deep differences of opinion can put many rivalries to shame. 
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Bedrock of the Community
United States
94367 Posts |
It's just such a nasty thing, isn't it. Our one cent coin.
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Bedrock of the Community
United States
17494 Posts |
Wonder what Vegas odds are on the demise of the cent...
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Moderator
United States
163970 Posts |
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It's just such a nasty thing, isn't it. Our one cent coin. Hot off the press? Not really. But after some time in circulation... 
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Moderator
United States
163970 Posts |
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Wonder what Vegas odds are on the demise of the cent... I know a guy. Meet me behind that restaurant were we last broke bread. 
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Pillar of the Community
United States
2026 Posts |
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It's just such a nasty thing, isn't it. Our one cent coin. Because it feels like it's made of plastic and it has a boring reverse?
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Pillar of the Community
 United States
4676 Posts |
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Because it feels like it's made of plastic and it has a boring reverse? * Jefferson nickel has entered the chat.
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Pillar of the Community
United States
5724 Posts |
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It should be eliminated so that this forum could be spared the 'groundhog day'-like recycling of the issue... Hey, have I mentioned this week that the penny might be cancelled? No more 2 for 99¢ specials at your favorite store!  
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Valued Member
United States
272 Posts |
What I don't understand is.... What happens when someone needs cents back in change?
What happens when someone needs seven cents back?
How is that supposed to work?
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Pillar of the Community
United States
4676 Posts |
Everything would be rounded to the nearest 5¢. I think that would be workable.
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Moderator
United States
163970 Posts |
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* Jefferson nickel has entered the chat.
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Moderator
United States
163970 Posts |
Quote:
How is that supposed to work? Quote:
Everything would be rounded to the nearest 5¢. I think that would be workable. Correct. If Canada can do it, so can we.  By the way, electronic transactions will still be to the cent. Only cash sales need to be rounded. The smart ones will round down because losing up to four cents on a cash sale is still cheaper than the fee charged by the card processors. 
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Bedrock of the Community
United States
19672 Posts |
I am praying to God the DOGE recommendations get adopted! Sadly, they have no teeth, it's just a committee that makes recommendations. The Fed Gov has been a spending joke for decades, like the old million dollar hammers. Politicians waste money like drunken sailors! Enough is enough....commonsense needs to rule in government, it's never had any in over 200 years!
KILL THE CENT, THE NICKEL AND THE DIME NOW!
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Bedrock of the Community
United States
19672 Posts |
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By the way, electronic transactions will still be to the cent. Only cash sales need to be rounded. The smart ones will round down because losing up to four cents on a cash sale is still cheaper than the fee charged by the card processors. I suspect these days 90% of transactions are by card and those paying with cash don't care about rounding "errors". A few cents lost in the transaction by either party will have no substantial affect on anyone's financial health. LOL Most people won't even bend over to pickup change from the ground!
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
6119 Posts |
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KILL THE CENT, THE NICKEL AND THE DIME NOW! Why have any coins at all?
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Replies: 56 / Views: 3,250 |
First Page
Posted 12/05/2024 4:45 pm
