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?

[starlette]

I love pennies. They are unique. they are the only not silver coin, and the only coin with a president facing the right. besides, lincoln was arguably one of the greatest president we ever had. On another note, people do use pennies all the time. And if something cost 1.96, they wouldnt round it down to 1.95, they would round it up 2.00. It may not seem like much, but if you have 30 items all priced that way, you are losing over a dollar. Plus, they would have to change the amount of tax because theres no way 8.25 will always round to a 5 or 0. Then they would just be rounding up more and making you lose MORE money. And a roll of pennies does NOT cost 60 cents. I know because I work in retail and we have to do change orders. %0 cents equals 50 cents. you dont see them chargin you 60 dollars for 50 one dollar bills do you? Thats faulty information ya got there. Leave the penny alone. :D