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The last U.S. penny has been struck!
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<p>[QUOTE="NumisMan77, post: 26536646, member: 88103"]You have to be quite a penny pincher to worry about getting ripped off from rounding. Most people go shopping for multiple items and when you add them up and include sales tax, you'll end up with all kinds of random totals. I think it would be very difficult to scheme to set prices to "harvest" extra pennies from your customers when you have to add up multiple different prices and add sales tax. In the end the rounding would happen only on the total price, not each individual item. So, those skinflints are only getting "fleeced" once for at most 2 cents. I was in England on a military base that used US dollars but, no pennies. They rounded up and down to the nearest 5 cents. It ended up about equal amounts of rounding up and down. Also, the rounding would happen ONLY if you were paying in cash. Transactions by credit card, debit card or check could still happen in $.01 increments.[/QUOTE]</p><p><br /></p>
[QUOTE="NumisMan77, post: 26536646, member: 88103"]You have to be quite a penny pincher to worry about getting ripped off from rounding. Most people go shopping for multiple items and when you add them up and include sales tax, you'll end up with all kinds of random totals. I think it would be very difficult to scheme to set prices to "harvest" extra pennies from your customers when you have to add up multiple different prices and add sales tax. In the end the rounding would happen only on the total price, not each individual item. So, those skinflints are only getting "fleeced" once for at most 2 cents. I was in England on a military base that used US dollars but, no pennies. They rounded up and down to the nearest 5 cents. It ended up about equal amounts of rounding up and down. Also, the rounding would happen ONLY if you were paying in cash. Transactions by credit card, debit card or check could still happen in $.01 increments.[/QUOTE]
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The last U.S. penny has been struck!
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