No more pennies will be minted

[Nostra]

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

They tried that already. Problem was they didn't get rid of the paper dollar.

 

[Jarlaxle]

except no one has ever liked the coins they make as dollars. I used to trade 20 dollars for 20 dollar coins every payday as a marine the businesses didn't like to take them

That's because the $1 bill is still used. Eliminate it, and people will use $1 cois.

 

[Jarlaxle]

That is illegal in the states the vendor has to accept all legal tender.

Wrong.

They have to they don't have a choice

Wrong.

 

[Admiral Rockwell Tory]

not 70+!
I use a 2% CC 99% of the time and only use cash if the system is down which is not often.
I don't use electronic transfer, I have not wrote a check in decades

I don't care to come home with a pocket full of change, store it, wrap it and take it to the bank

that said the penny is historic but I don't really need it for legal tender, as noted if they make proof sets
I can enjoy the penny all nice and new

Sounds great!

 

[Admiral Rockwell Tory]

A penny for your thoughts.

That will cost you a nickel.

 

[Nostra]

under 30 using venmo, paypay or crypto but not the older generation

I doubt grandma knows what electronic money is........maybe funny money like monopoly

Ever heard of a debit card?

 

[QuickHitCurepon]

This will save people a fair amount of time not having to deal with all those pennies. Time is money.

 

[Nostra]

Just to note. Canada ended the production of the penny in 2012.

FASCISTS!

 

[ColonelAngus]

My 2 cents is this is a great idea.

I do think we should introduce a 3 dollar bill with Obama on it.

 

[ColonelAngus]

How will lefties get paid without pennies?

 

[Nostra]

My 2 cents is this is a great idea.

I do think we should introduce a 3 dollar bill with Obama on it.

Oooooooooooooh, Trump should throw that out there so we can watch Dimwinger heads explode.

 

[progressive hunter]

My 2 cents is this is a great idea.

I do think we should introduce a 3 dollar bill with Obama on it.

put "change we can believe in" on it,,

 

[Admiral Rockwell Tory]

what it does is conditions people for the government to end cash

110 million isnt worth it ,,

Eliminating the smallest unit of currency is not going to end cash. Cash is slowly dying anyway. It has been about 6 months since I last used cash for anything.

 

[Billiejeens]

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

bad idea..

Now we round to the nearest penny

We simply start rounding to the nearest nickel.

 

[Concerned American]

I would because I keep a few real Buffalo nickels around to rub spots of rust off of guns without hurting the finish.

Learn something new every day. I wasn't aware the buffalo nickel had a different composition until now. Must be the reduction in the amount of copper from 75% to 56% and replacing the nickel with silver and manganese. Thanks for the lesson.

 

[dudmuck]

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

 

[progressive hunter]

Now we round to the nearest penny

We simply start rounding to the nearest nickel.

why not eliminate cash completely??

 

[Billiejeens]

why not eliminate cash completely??

I'm against that, like you.

This is not that, in my opinion.

 

[progressive hunter]

I'm against that, like you.

This is not that, in my opinion.

its a stepping stone to it,,

 

[Billiejeens]

its a stepping stone to it,,

Plastic is a much bigger step.

Especially post Covid.