Poll: Should the United States government eliminate the penny?

It's not the mint's choice...it's Congress and we know they have always made the best business decisions. I think that making the cent in a series like this is a mistake from a business sense just like you do. Congress should pass bills discontinuing production of the both the cent and the half dollar and stop wasting money on them.

 

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I think my Commadore 64 still had one. Do I need to get a new computer again that still has "Cent" on it?

¢¢¢¢¢

 

Wow, I had forgotten that computers even had those in the past. Although, I do know the command for it is Alt 0162

 

I'm a computer tech and when he said it, I wanted to but his stones.

 

alt-155 if you don't want the linefeeds

...or alt-1 if you want to make one of these...☺
...or alt-2 for one of these...☻

 

How we've survived for 152 years without a half cent...I'll never know! :whistle:

 

Nope my computer don't no cent on it.

 

Sorry (I left out a couple of steps)...you have to enable the "Num Lock" and use the number pad on the righthand side of your keyboard...that should do it! :thumb:

 

I just use lower case c like this 1c & 1 cent.it work for me

 

The fact that you get back 20 a day should tell you that they ARE useless and not wanted. If they weren't of such low value and useless you would be taking the time to dig them out and paying exact change rather than just letting them pile up and then disposing of them at the bank.

The half dime is NOT an authorized denomination any longer, its authorization was revoked Feb 1873. A couple years ago when nickel was $20 a pound a clad half dime was proposed but the legislation never went anywhere.

 

Then wouldn't businesses just be piling them up and taking them to the bank, instead of giving them back in change? Either way, this is the same cycle any coin makes, regardless of how it's used. It's going to accumulate somewhere, sometime. Besides, I do use them when making purchases, but I rarely have a pocket full of exact change everywhere I go.
Guy~

 

No they would be going back and forth from the register to the customer and then back from the customer to the register, and th number needed to be made by the mint each year would be much smaller because the coins would be STAYING in circulation rather than being thrown in jar, on the ground, or even in the trash.

 

kill it now or it will go down very ugly

 

melt all those cent and made it two dollars coin.

 

Absolutely not! The penny in the US will not be relinquished!! Not now and maybe not ever. If you kick out the penny, prices will automatically rise upward. Let's get real here, nobody wants to pay more and with the US just barely pushing out the Lincoln series pennies. I don't think we will ever kick it out of our monetary system. Thems my opinions and I'm sticking to em'!

 

On my heavier shopping days I often get back 20 $1 bills. Use your own logic. Do you take the time to dig out $1 bills, or $5 bills, or $10 bills, or do you just spend them?

 

IMO, much ado about nothing. The overwhelming majority of money transfer is virtual money, and involves no coin or currency - or even checks, for that matter

The mint makes an enormous profit on seniorage. All denominations 10c and above are huge money makers, enough to cover the 1c and 5c costs many times over. Why get so excited about the cent ?

 

So...if we keep the penny, prices won't rise?

I almost never eat fast food, but I was travelling the other day and stopped at Wendy's in Ashland, VA. I ordered a "medium" bacon cheese burger combo...the price was $7.74...I just about DIED! When did a fast food meal go above $4? :rolling:

 

let me just start out by saying instead of getting rid of what is known as the penny how about you get rid of the nickel and make lincoln the new 5 cent piece. honestly tho both of them we should be rid of. personally i think they get uglier every year and those quarters which theyre minting and melting anyways GAH!!!

mmm. ive heard multiple sources say that to back a gold standard it would have to go 800% higher then it is now ($10xx/oz.) and i dont know what could ever really make that happen anyway since the federal reserve isnt owned by the government.

 

So, your logic says that we have 6 products (6 denominations)...4 of them are highly profitable and 2 are losing money like crazy. But, the 4 are making enough money to more than cover the loss of the 2...so for that reason there is no need to make a change. That wouldn't work in any other business, why should it work for the government.