No more pennies will be minted

[Oddball]

Is there any product that can be purchased for a nickel? Stop making pennies and nickels. Ten cents sales tax begins at 1 dollar purchase price. Twenty cents at 2 dollars etc. No more need for pennies or nickels.

Or you go back to money of substance....Inflation then becomes something talked about by school kids in history books.

 

[Thunk]

The nickel should go next (in it's current form) too.....It costs 10 cents to make them.

But then none of us would have 2 nickels to rub together

 

[ThisIsMe]

MSN

This makes sense, we should have stopped minting pennies 20 years ago.

Hmm; I guess prices everywhere will have to change. Everything will have to in in increments of 5 cents

 

[Missourian]

Another piece of wasteful spending ended. Subsidizing production of the penny was stupid. This was long past due.

 

[Dogmaphobe]

Looks to me like more movement to a cashless society. Another bad idea.

Are you a neo nazi or a leftist?

The reason I ask is that the hyper-inflation during the Weimar era helped propel the Nazis to power

 

[progressive hunter]

Another piece of wasteful spending ended. Subsidizing production of the penny was stupid. This was long past due.

so who keeps the extra pennies from millions of cash transactions??

bad idea..

 

[Thunk]

It's time.

When benjamin franklin wrote "A penny saved is a penny earned"...The penny was worth around $2 in todays money.

A penny would get you a loaf of bread!

 

[Crepitus]

Another piece of wasteful spending ended. Subsidizing production of the penny was stupid. This was long past due.

He just inflated the price of everything by a few cents.

Way to go tRump.

 

[Scoutster]

 

[Thunk]

Do you thunk this will make the penny collectable?

I got a bucket of 'em

 

[Missourian]

He just inflated the price of everything by a few cents.

Way to go tRump.

Would you bend over to pick up a penny?

Be honest.

 

[Scoutster]

He just inflated the price of everything by a few cents.

Way to go tRump.

 

[hondo 50]

Are you a neo nazi or a leftist?

The reason I ask is that the hyper-inflation during the Weimar era helped propel the Nazis to power

You favor a cashless society?

 

[sparky]

https://www.coinflation.com/silver_coin_values.html

i had no idea........~S~

 

[frigidweirdo]

MSN

This makes sense, we should have stopped minting pennies 20 years ago.

When will they get rid of the dollar bill? That's such a political thing.

 

[progressive hunter]

Do you thunk this will make the penny collectable?

I got a bucket of 'em

it will make it one more step towards a digital currency,,

if the government controls the currency they will control it all

 

[Crepitus]

Would you bend over to pick up a penny?

Be honest.

That is nothing but a deflection from the topic.

 

[Concerned American]

MSN

This makes sense, we should have stopped minting pennies 20 years ago.

43 years ago--1982, when they quit making them out of copper and went to copper plated zinc.

 

[GLASNOST]

Indicative of how worthless the currency overall has become.

Oh, never mind their worth. Just keep printing out Benjamin Franklin anytime you're feeling short.

 

[Foxfyre]

MSN

This makes sense, we should have stopped minting pennies 20 years ago.

Well there goes those $1.98 or whatever .98 cent prices all over the country. Now instead of paying $19.98 for something, we pay $20. Or maybe if the proprietor wants to continue to 'fool' us that we're paying under $20, he'll drop the price to $19.95. That does look cheaper than $20 I guess.

But then think of the plot of "Office Space". A fraction of a penny over time in a big business can total many thousands of dollars. Those extra pennies spent by 300 million citizens might not be so insignificant?