Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What Would Occur If The United States Only Minted Cents Every 3 Years?
>
Reply to Thread
Message:
<p>[QUOTE="Troodon, post: 1576221, member: 4626"]People are being a little overdramatic about this aren't they? Reminds me off all the tax tokens they made for fractions of cents until people realized that if you rounded to the nearest cent, you'd never be out more than 1/2 a cent at worst. Worst you'd be off for rounding to the nearest nickel is five cents. And that only applies to CASH transactions; computers can handle cents just fine, whether pennies existed or not. Or they'd just round to the nearest nickel if they were programmed to. Plenty of countries have gotten rid of their low value coins and it didn't cause inflation, catastrophe, zombie apocalypse, etc. New Zealand doesn't make a coin smaller than 10 cents and they seem to be doing OK last I checked. (P.S. Canada is dumping their cent next year. Let's see if they collapse or not. I'm betting not.)</p><p><br /></p><p>Let's say you were paid every two weeks and were ripped off just short of 5 cents every paycheck. That's $1.30 a year at worst. You really think that's going to have a significant impact on your purchasing power?[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1576221, member: 4626"]People are being a little overdramatic about this aren't they? Reminds me off all the tax tokens they made for fractions of cents until people realized that if you rounded to the nearest cent, you'd never be out more than 1/2 a cent at worst. Worst you'd be off for rounding to the nearest nickel is five cents. And that only applies to CASH transactions; computers can handle cents just fine, whether pennies existed or not. Or they'd just round to the nearest nickel if they were programmed to. Plenty of countries have gotten rid of their low value coins and it didn't cause inflation, catastrophe, zombie apocalypse, etc. New Zealand doesn't make a coin smaller than 10 cents and they seem to be doing OK last I checked. (P.S. Canada is dumping their cent next year. Let's see if they collapse or not. I'm betting not.) Let's say you were paid every two weeks and were ripped off just short of 5 cents every paycheck. That's $1.30 a year at worst. You really think that's going to have a significant impact on your purchasing power?[/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
>
What Would Occur If The United States Only Minted Cents Every 3 Years?
>
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...