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<p>[QUOTE="Topher, post: 231900, member: 8489"]Daggarjon - have you ever seen how difficult it is for some retailers to make change already? They would find your system to be WAY too complicated. Thin of how stupid the average person is, and realize that half of them aren't that smart. (shudders)</p><p><br /></p><p>With the elimination of the penny, you only need to round 2 cents either way. (ex. $.05, $.10, $.15, etc.) It works very well in countries like Australia, Finland and New Zealand (which has also eliminated the 5 cent coin), just to name a few. Electronic transactions are not rounded in Australia. (I can't say about any other country, but I would presume it's the same), so this only applies to cash transactions, which, let's face it, are not as often as they used to be.</p><p><br /></p><p>I think it would be very difficult to convince the US or Canada to get rid of the nickel as we use 25 cent coins, and not 20 cent coins like many Commonwealth countries. (Aus and NZ to name two particular ones) That just creates another level of confusion for the "average" person. Don't ge tme wrong. I'm all for it, but if the US can't get people off the dollar bill and onto a dollar coin, which makes perfect economic sense, then how in the world would you expect them to give up the penny even though most people don't even bother with them?[/QUOTE]</p><p><br /></p>
[QUOTE="Topher, post: 231900, member: 8489"]Daggarjon - have you ever seen how difficult it is for some retailers to make change already? They would find your system to be WAY too complicated. Thin of how stupid the average person is, and realize that half of them aren't that smart. (shudders) With the elimination of the penny, you only need to round 2 cents either way. (ex. $.05, $.10, $.15, etc.) It works very well in countries like Australia, Finland and New Zealand (which has also eliminated the 5 cent coin), just to name a few. Electronic transactions are not rounded in Australia. (I can't say about any other country, but I would presume it's the same), so this only applies to cash transactions, which, let's face it, are not as often as they used to be. I think it would be very difficult to convince the US or Canada to get rid of the nickel as we use 25 cent coins, and not 20 cent coins like many Commonwealth countries. (Aus and NZ to name two particular ones) That just creates another level of confusion for the "average" person. Don't ge tme wrong. I'm all for it, but if the US can't get people off the dollar bill and onto a dollar coin, which makes perfect economic sense, then how in the world would you expect them to give up the penny even though most people don't even bother with them?[/QUOTE]
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Copper plated steel for nickel and cent
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