quote:

Originally posted by Johnny 3eagles:
Stationed in WEST Germany when Uncle Sam decided it was feasible to eliminate penny transactions at military facilities. You could spend your pennies, but no pennies returned, the round up/down was used. It worked.

^^^^^^^ This.

How many of you carry pennies around in your pocket? I haven't for years.

Just do it.

Always have .99 cents worth of change in my pocket.
Three quarters, two dimes. one nickle and four pennies !

quote:

Originally posted by cparktd:
No. I think eliminating the penny should be put off until we go to all digital currency.

And I hope that is not in my lifetime!

Eliminating the penny will be the starting stair to eliminating hard currency, and that will give full digital access to all funds spend, held, payroll, privacy will die when that happens...

Musk for all his help, is still a technology pioneer and dumping hard currency one coin at a time is the way to move to government held digital currency.

Which leads to full tracking of all transactions, and increased revenue and power to the digital technology sector, worldwide...

Okay, so I hear a lot of bitchin' about the cost associated with making a one cent coin, but please tell us how much it costs to print a hundred dollar bill and the associated price difference with those.

quote:

Originally posted by jgerge222:
Always have .99 cents worth of change in my pocket.
Three quarters, two dimes. one nickle and four pennies !

That coin combo adds up to $1.04.

It's a wooden nickel!

For most of my adult life I have been all about dumping the damn penny. I get pennies in change and I leave them on the counter. I would be absolutely thrilled if they stopped circulating that worthless coin.

Why the love for the penny? The British eliminated small value coins when their values shrank so much they were not viable. There are no more farthings or half pennies (ignoring decimalization). The British economy survived.

“A penny saved is two pence clear.”
-- B. Franklin

quote:

Originally posted by cas:
We just need to pause making them. Then spend a little money on a campaign to get them back into circulation. There's millions and millions of them out there, sitting in coffee mugs, mason jars, water cooler bottles, never to see the light of day again because it's too much bother to do so.

Which shows why they should be eliminated.

exactly

pennies aren't even worth a penny - its a placeholder coin

quote:

Originally posted by P220 Smudge:
That's kind of a massive change for $179M in savings. In terms of the total federal budget and how they spend it, it's penny-wise and pound foolish. Of all the things our government does that are insanely wasteful, you can't tell me that minting pennies even makes the first couple dozen pages of the list.

^^^^^^
I agree.

This is a tempest in a teapot. I couldn't agree more. Get on with the big stuff.

To paraphrase Senator Everett Dirksen from an early time, “A Million here, a Billion there, pretty soon it adds up to Trillions in real money”.

I couldn't care less, but I have friends and goofy relatives who would lose their shit if they thought they were shorted by $.03 in change.....

Only $1,999,821,000,000.00 to go!!

He may find that it will get harder after that.
With DEI eliminated, there may be very few low hanging fruits..

Look in your sock drawer.

There's a lifetime supply of them out there, just many people don't carry them and toss them into a container when they empty their pockets.

I’m a person who pays cash for everything but the amount of people who do that are minimal. I’ve had people say they don’t have amounts less than $10.00 to give change back and many cashiers don’t even know how to give change back because it’s so rare. It won’t be an issue what so ever.

quote:

Originally posted by 220-9er:
There's a lifetime supply of them out there, just many people don't carry them and toss them into a container when they empty their pockets.

When recently cleaning out mu dead brother-in-law's hoarder house, I came across a couple of cans of loose coins.

When I went to a coin redemption machine at the local grocery store, it turned out that he had close to $200 in just pennies...I put them on an Amazon gift card

I should have mentioned, the best use I have found for a penny is to drill a properly sized hole and make it into a washer. Can’t buy washers that cheap at Home Depot.