No more pennies will be minted

[Doc7505]

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!

~~~~~~
Funny I was just talking to my step daughter about how the costs have gone up.
I remember when a fresh loaf of Italian bread cost 10 cents in Brooklyn.
A 32 ounce bottle of Schneider's soda was 15 cents and you got 5 cent back if you brought the empty bottle back. That was in the late 1940's.

 

[Missourian]

That is nothing but a deflection from the topic.

No...it's not.

It's the heart of the matter.

I collect dollar bills in my pocket the way I used to collect quarters.

The penny is an anachronism.

And it costs almost three cents to make one.

We'll adapt to life without the penny.

But continuing to waste the money to produce them is ridiculous.

 

[progressive hunter]

No...it's not.

It's the heart of the matter.

I collect dollar bills in my pocket the way I used to collect quarters.

The penny is an anachronism.

And it costs almost three cents to make one.

We'll adapt to life without the penny.

But continuing to waste the money to produce them is ridiculous.

using that logic we should get rid of currency,,

and we all know thats a bad idea

 

[Missourian]

using that logic we should get rid of currency,,

and we all know thats a bad idea.

Not at all.

 

[egp320i]

does he have the power? won't they need to craft a bill that is passed by congress the way our system is supposed to work?

 

[Scoutster]

does he have the power? won't they need to craft a bill that is passed by congress the way our system is supposed to work?

 

[progressive hunter]

Not at all.

cash is more about freedom than it is about the cost to have it,,

and if youre going to take one away because of te cost might as well take them all

 

[progressive hunter]

does he have the power? won't they need to craft a bill that is passed by congress the way our system is supposed to work?

whhats te constitution say??

 

[egp320i]

whhats te constitution say??

I have no idea who has control over our money supply so let's ask Ai

No, the President of the United States does not have direct control over the currency or its printing. These responsibilities fall under the jurisdiction of specific government agencies, primarily the U.S. Department of the Treasury and the Federal Reserve System, which operate independently from the President to ensure economic stability and prevent political interference.

my mom worked the federal reserve at one point and I doubt she knew this answer if I asked

 

[InstantOn]

Do you thunk this will make the penny collectable?

I got a bucket of 'em

Bury them around a white hydrangea and it will change the flowers color.

 

[Jarlaxle]

Pennies and $1 bills should have been dumped decades ago.

 

[Missourian]

cash is more about freedom than it is about the cost to have it,,

and if youre going to take one away because of te cost might as well take them all

The half penny disappeared a long time ago... and lo and behold the rest of our currency has survived another one hundred and seventy years.

Stop being so reactionary.

Half cent (United States coin) - Wikipedia

en.m.wikipedia.org

 

[progressive hunter]

I have no idea who has control over our money supply so let's ask Ai

No, the President of the United States does not have direct control over the currency or its printing. These responsibilities fall under the jurisdiction of specific government agencies, primarily the U.S. Department of the Treasury and the Federal Reserve System, which operate independently from the President to ensure economic stability and prevent political interference.

my mom worked the federal reserve at one point and I doubt she knew this answer if I asked

the constitution is clear on who coins money,,

 

[egp320i]

Pennies and $1 bills should have been dumped decades ago.

break a 5 and get 20 quarters back.........nah not unless you are in some arcade

 

[Jarlaxle]

break a 5 and get 20 quarters back.........nah not unless you are in some arcade

This cannot be a serious post. It's not possible.

 

[egp320i]

the constitution is clear on who coins money,,

also appears the president cannot have any control because they could manipulate it for their own gains

 

[egp320i]

This cannot be a serious post. It's not possible.

without a paper dollar then what? dollar coin? 2$ bill and change?

rest assured the dollar is not going anywhere soon, cotton does not cost that much money and the dollar
does not have any anti-copy protections so it's cheap to make

feel free to load your pockets with this:

 

[progressive hunter]

The half penny disappeared a long time ago... and lo and behold the rest of our currency has survived since the Civil War.

Stop being so reactionary.

Half cent (United States coin) - Wikipedia

en.m.wikipedia.org

the system changed with it and nothing is priced at the 1/2 cent price anymore,,

donnt think making everything in dollar increments is going to happen

 

[Scoutster]

the constitution is clear on who coins money,,

Yep, it’s called the executive branch. Stop talking stupid!

United States Department of the Treasury - Wikipedia

en.m.wikipedia.org

 

[Jarlaxle]

without a paper dollar then what? dollar coin? 2$ bill and change?

rest assured the dollar is not going anywhere soon, cotton does not cost that much money and the dollar
does not have any anti-copy protections so it's cheap to make

Dollar coins. Cheaper overall than $1 bills due to the MUCH longer life in circulation. (20+ years versus 6-10 months.)