money, pennies Options

[smile4me]

do you think the penny should be discontinued indefinitely?
(if they are no longer used.
their values still hold.
ppl get their money back.
rounding occurs.)

pennies should be dicontinued because...
rolls of 50 pennies cost 60 cents.
slow checkout lines (due to pennies) = lost productivity
US Mint has to create more pennies because ppl either throw them in the streets or keep them in jars at home (apparently, the Mint has some way of keeping track of the amount of pennies in circulation)
US Mint spends .81 cents on minting a penny. Pennies are only a little bit more than that, so US Mint spends more money on pennies than other coins.
Pennies are a hassle
Cant be used in vending machines or public transportation
People face ridicule when they take out a bag of pennies to pay for something

pennies should be continued because...
they are part of tradition
rounding would increase price and consumers would have to suffer the blow
charities rely on pennies for donations
zinc and copper makers will suffer (pennies are made of zinc and copper)

what do you think?

[ItzOnlySydney]

don't discontinue it! because what if you

buy something for $8.94

and you hand the cashier a 10 dollar bill

if he doesn't have any pennies how can he give you your $1.06 back?


hm? hm? hm????

[*CrackedRearView*]

don't discontinue it!  because what if you

buy something for $8.94

and you hand the cashier a 10 dollar bill

if he doesn't have any pennies how can he give you your $1.06 back?
hm? hm? hm????

Well, if pennies were discontinued, a price of $8.94 would be impossible to achieve. That would take some serious skill .

[*kryogenix*]

Well, if pennies were discontinued, a price of $8.94 would be impossible to achieve.  That would take some serious skill  .

No it wouldn't.

$1 item + 6% tax = $1.06

$10- $1.06=$8.94

[*mipadi*]

No it wouldn't.

$1 item + 6% tax = $1.06

$10- $1.06=$8.94

The 6% tax on an $8.94 does not make the price add up to $10.00; the price would be $9.48.

Plus, not all states have 6%. Most are at least 7%, and 8.25% is a common tax.

[*kryogenix*]

The 6% tax on an $8.94 does not make the price add up to $10.00; the price would be $9.48.

Plus, not all states have 6%. Most are at least 7%, and 8.25% is a common tax.

you read it wrong. I said a 6% tax on a $1.00 item. If you hand a ten dollar bill, then you need $8.94 in change.