Message:

<p>[QUOTE=&quot;Pennycase, post: 22158, member: 1141&quot;]Working in a convenient store for 4 years of my life, let me say this once and for all, there are many people who still use this denomination, they are used more than most people think, yes, there is a change holder next to most all registeres in convenient stores, and those are used quite often. As well as the number of people who are using the cents from their own change is still strong, it is faulty to believe that the cent has no place in our economy, it has been around since the 1800&#039;s no? Lincoln cents are more widely used in normal everyday purchases than:</p><p>1: Sacagewea dollar ( misspelled? )</p><p>2: Susan B Anthony dollar</p><p>3: Kennedy Half Dollar</p><p>2: 2 Dollar Bills</p><p><br /></p><p>No, I do not believe that average Americans would stand with the idea of replacing the paper dollar with the sac dollar, there is a reason we pay taxes on the paper currency, it makes things a little bit easier in everyday transactions, take waiters and waitresses for example, they make an average of 50 - 100.00 on a good night in ONE DOLLAR BILLS. And wouldn&#039;t that be so nice to carry around 100 sac dollars? </p><p>( no resteraunts do not normally let waiters/waitresses exchange 1&#039;s for 20&#039;s and 50&#039;s ) No it would not, the idea of trading one currency for another will greatly effect too many peoples lives, I&#039;ve got an idea though.... How about we round every transaction up to the nearest 5.00??? That works right? We will just see what rounding everything up to the nearest 5 cents would be like, in a quicker amount of time.</p><p>Let&#039;s talk about rounding everything up to the nearest 5 cents, shall we? I hear a lot of the whole &quot; everything will come out equal in the end &quot; Well, let&#039;s put it this way, what is the most commen price you find in any retail store that is under 5.00? .99 , which comes out to 1.07 if your state has an 8% tax on every dollar, total would come out to 1.10, let&#039;s say that you go into the same convenient store for 20 years, and always buy the same thing ( coffee, chips, candybar whatever ) that is priced at .99...... Here is the extra amount you will be spending during that time simply because everything is rounded up to the nearest .05 ...... 219.00. Even at that small price, that&#039;s a large chunk of change, even if added out to a period of 20 years. Many say that it will all balance out in the end, this is false, there is no way of knowing, because everyday purchases will become a gamble to see if you win or loose that paticular day, everyone knows that when people gamble, you either win or you loose. </p><p><br /></p><p>Lincoln cents are not always used in simply cash transactions either, many people use them frequently to come out even on checks that they write, as well as credit card purchases.</p><p><br /></p><p>Many people are stating that the cent is no longer in use, well, let me make this loud and clear from experience, THEY ARE IN FACT STILL IN USE. Once a coin is dropped in that little change holder next to a register, sure enough the next person in line who needs a couple of cents, is going to sure enough use them, that&#039;s why they are there, they aren&#039;t there to hold change so we as employees can snatch them up in hopes of exchanging them for a quarter later on.[/QUOTE]</p><p><br /></p>

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