Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is the Cent Wothless?
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 799875, member: 5233"]Their arguments aren't really that valid. I rounding argument goes both ways...it would work out equally. It wouldn't cost the consumer anymore money than they are already paying because "sometimes you win and sometimes you lose with rounding" but it all comes out in the wash. The only way we lose is if we keep the cent because of the ridiculous cost of producing it. It is nothing more than a waste of money. What we are doing with our tax dollars is akin to me trading you $0.65 for $1.00, it just doesn't make sense.</p><p><br /></p><p>Another way to look at it is the half cent. In the past we had a half cent denomination and it was dropped because it was no longer that useful and was a drain on resources. We had to learn to round to the nearest one cent...but we made that change just fine. We would do the same to the nearest 5 cents.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 799875, member: 5233"]Their arguments aren't really that valid. I rounding argument goes both ways...it would work out equally. It wouldn't cost the consumer anymore money than they are already paying because "sometimes you win and sometimes you lose with rounding" but it all comes out in the wash. The only way we lose is if we keep the cent because of the ridiculous cost of producing it. It is nothing more than a waste of money. What we are doing with our tax dollars is akin to me trading you $0.65 for $1.00, it just doesn't make sense. Another way to look at it is the half cent. In the past we had a half cent denomination and it was dropped because it was no longer that useful and was a drain on resources. We had to learn to round to the nearest one cent...but we made that change just fine. We would do the same to the nearest 5 cents.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is the Cent Wothless?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...