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 Replies: 194 / Views: 18,470 |
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Pillar of the Community
United States
3207 Posts |
IIRC New Jersey has a law that forbids rounding of sales tax to anything but the nearest cent. So maybe we'll be able to sell our coffee cans of pennies to NJ for a profit. If they pay for shipping, of course.
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Moderator
 United States
187446 Posts |
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Stores will have to start changing their system pricing. No, they will not. Electronic sales will still be to the cent. You know, gas stations still advertise gas for $2.49 9 a gallon, and never ever needed a one-tenth-cent coin.  |
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Moderator
United States
187446 Posts |
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IIRC New Jersey has a law that forbids rounding of sales tax to anything but the nearest cent. If true, I am sure they will adapt or round down. No one ever complains when you round down. |
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Bedrock of the Community
United States
19930 Posts |
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I assume you will be as enthusiastic when he discovers how much more can be saved by converting 1,2 & 5 dollar bills to coins... This all makes sense but....it would suck carrying around a bag of coins. Notes are easier to carry and more convenient to use. I make an exception with the dollar. Like the penny, the $1 note is a waste and is basically the value of a coin today. Even the "dollar store" is now $1.25. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
19930 Posts |
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It is way past time for the cent to go.
As long as I have them in my uncirculated and proof mint sets, I am happy.
If they decided to make those bronze, I would be happier.
If they stopped minting them completely—that is, no more uncirculated and proof cents—I would get over it.
Nothing lasts forever.  |
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Pillar of the Community
 United States
8721 Posts |
As a Lincoln Cent bank roll hunter for several years now, I am absolutely amazed that we still have any physical currency, much less a cent. -makecents-
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Bedrock of the Community
United States
19930 Posts |
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The bulk of the cost is in the minting, not the zinc. As I have said more times than I can count, even if zinc were free, the cent still costs more than a cent to make. The REAL cost is the millions of manhours and diesel fuel wasted moving them around. Nobody ever considers it.  |
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Pillar of the Community
United States
5177 Posts |
Why is the dollar bill more expensive to make than a dollar coin? |
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New Member
United States
21 Posts |
Maybe not more to make one of each, but paper money only "lasts" a short while before being destroyed, but coins can last for 50 years or more! Factor that in and in the long run, paper costs more?
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Pillar of the Community
United States
2455 Posts |
this is great news. I hope it's a permanent thing. zincoln go away now.  Quote:
getting bored and posting on social media in the middle of a Super Bowl can't blame him there; I lost interest after the first quarter and began drifting away. that stinker of a game (unless you're an eagles fan or despiser of chiefs) cured me of sitting down to watch another superbowl. |
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Pillar of the Community
United States
1748 Posts |
I think we will end up like Japan. Its 1 yen coin is still legal tender, but has not been struck for circulation since 2016. Cents may still get used here and there, in amounts of five or ten like the Japanese 1 yen coins.
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Forum Dad
United States
24147 Posts |
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Why is the dollar bill more expensive to make than a dollar coin? Because a dollar bill only lasts about 18 months, coins last over a hundred years. |
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Moderator
United States
187446 Posts |
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The REAL cost is the millions of manhours and diesel fuel wasted moving them around. Nobody ever considers it. This is true, but I suppose I omit it in my rants because we are already in the hole when the cent is ejected from the press, if not a before.  |
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Pillar of the Community
United States
5177 Posts |
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Because a dollar bill only lasts about 18 months, coins last over a hundred years. Polymer banknotes last a very long time. |
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Moderator
United States
187446 Posts |
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Polymer banknotes last a very long time. I agree. It would be a good change. Someone needs to convince Crane Currency to move in that direction because you are not going to get them surrender to another vendor.  |
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Replies: 194 / Views: 18,470 |
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Posted 02/10/2025 5:39 pm
