[TheVillageChicken]

Originally Posted by Regor

so, who doesn't bitch when the price of gas goes up one or two cents a gallon? What if every time they raised the price it would go up five cents?

Haven't paid cash for gas in 15 years.

[donb9006]

Making "money" isn't supposed to be a "for profit" business for the government.

[JB in TV]

Originally Posted by Regor

so, who doesn't bitch when the price of gas goes up one or two cents a gallon? What if every time they raised the price it would go up five cents?

This really isn't the point. It could be $3.259 a gallon...10 gallons would be $32.59, you would pay $32.60...

[mulligan]

It would increase efficiency for sure. A good example is at the exec golf starter shacks. There are 3 items for sale. Pull carts, trail fees, and green fees. All are calculated to include tax and come out to an even dollar. You can do transactions all day long and never see a coin. Works really well.

[Dr Winston O Boogie jr]

Originally Posted by 2BNTV

It's a psychological tatic used by retailers, as it just sounds like, less money but it's not. It is $20, for the product, in reality. That's why gas stations charge $3.199 instead of $3.20. That penny certainly adds up when you think of the amount of gas, consumed in this country. The penny will be around for a long time. Many businesses can and will make a lot of money off the penny, when you think of millions/billions of people that buy their products.

To us, it seems useless, as it appears to be such a small amount of money but the corporations probably won't think of it that way. IMHO

While it certainly started out that way, I don't think that anyone is "fooled" by it any longer. Most retailers today use it as a code. .97 means the item is on clearance, .98 means it's on sale this week, .99 is the regular price. These are not standardized codes throughout the retail industry, it's just an example. I worked for a few different retailers and we'd have to go changing the tags around every week depending on what was on sale.

[JourneyOfLife]

Here is an overview of the debate.

Penny debate in the United States - Wikipedia, the free encyclopedia

[nitehawk]

Wonder why Canada has no problem with one dollar and two dollar coins --- they dont walk around with bulging pockets of coins ?????? Has no problem with supporting wars etc ----- USA you are just so smart

[JB in TV]

Originally Posted by JourneyOfLife

Here is an overview of the debate.

Penny debate in the United States - Wikipedia, the free encyclopedia

Thanks for this link! Interesting.

[Jo from Ottawa]

We got rid of our pennies at least a year ago and it appears to be working out fine and dandy. We simply round up or down. There's no more digging around in our wallets for three cents while irritating customers in line behind us. The absence of pennies has not, however, lightened the load in my purse. We still use one and two dollar coins but those distinctive "loonies" and "toonies" that we haul around contribute to our hardy Canadian identity.

[zcaveman]

If you ran a business with a product that cost you twice as much to produce than to sell (penny costs 2.4 cents to make and is only worth one cent", wouldn't you entire discontinue that product or find a cheaper way to produce it?

Those that say to keep the penny are wasting our taxes that go to the government to mint this penny.

The government finally stopped distributing the golf dollar presidential coins because no one would put them into circulation. I am not sure if they actually quite minting them or slowed down the minting process. I do know that they are still available from dealers at a highly inflated price.

Personally, I would say to quit minting pennies. Something has to be done to start reining the spending in the government.

Z

[BS Beef]

Originally Posted by JourneyOfLife

Here is an overview of the debate.

Penny debate in the United States - Wikipedia, the free encyclopedia

This was an interesting read. I thought it was funny both sides said they had public support on their side.

I'd like to throw my vote in for getting rid of the penny. Frankly I think if there's a debate it's whether or not we should get rid of the nickel.

[zcaveman]

Originally Posted by BS Beef

This was an interesting read. I thought it was funny both sides said they had public support on their side.

I'd like to throw my vote in for getting rid of the penny. Frankly I think if there's a debate it's whether or not we should get rid of the nickel.

Agree!

Z