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Poll: Should the United States government eliminate the penny?
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<p>[QUOTE="yakpoo, post: 715300, member: 18157"]Please let me answer your question with another question...</p><p> </p><p>When was the last time you actually <b>SPENT</b> a coin?</p><p> </p><p>Now I'm not talking about holding up a grocery store line or drive through so you can fish out $.37 to give $20.37 for a $10.37 order. Using coins to avoid more coins doesn't count.</p><p> </p><p>When was the last time you used a vending machine? The ones that are left have dollar bill suckers and most people just use bills and pocket the change (too much chance a coin will get stuck).</p><p> </p><p>Most commuter's use EZPass to get around toll booths...but most tolls are in even dollars even if they didn't.</p><p> </p><p>So...when was the last time you went into a store, bought something for less than a buck, and paid with coins? I'm willing to bet it's been a while.</p><p> </p><p>People accumulate coins, then cash them in at their local CoinStar machine. That's why 2009 dimes and nickels aren't being released...there are too many coins that have been turned back in. My bank gets so many coins from their CoinStar machine that they send the surplus back and don't order new coins.</p><p> </p><p>The US Mint is tasked to "produce coinage in support of commerce". If coins aren't being used for commerce, why is the US Mint pumping out billions each year?</p><p> </p><p><b>Answer:</b> No reason other than political...no one wants to be the one to "end the insanity".[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 715300, member: 18157"]Please let me answer your question with another question... When was the last time you actually [B]SPENT[/B] a coin? Now I'm not talking about holding up a grocery store line or drive through so you can fish out $.37 to give $20.37 for a $10.37 order. Using coins to avoid more coins doesn't count. When was the last time you used a vending machine? The ones that are left have dollar bill suckers and most people just use bills and pocket the change (too much chance a coin will get stuck). Most commuter's use EZPass to get around toll booths...but most tolls are in even dollars even if they didn't. So...when was the last time you went into a store, bought something for less than a buck, and paid with coins? I'm willing to bet it's been a while. People accumulate coins, then cash them in at their local CoinStar machine. That's why 2009 dimes and nickels aren't being released...there are too many coins that have been turned back in. My bank gets so many coins from their CoinStar machine that they send the surplus back and don't order new coins. The US Mint is tasked to "produce coinage in support of commerce". If coins aren't being used for commerce, why is the US Mint pumping out billions each year? [B]Answer:[/B] No reason other than political...no one wants to be the one to "end the insanity".[/QUOTE]
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Poll: Should the United States government eliminate the penny?
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