That final penny struck is going to sell for a shit ton of money.
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Good, while we're at it we should redecimalize. A coin that can't pay for a significant portion of something is worthless. People used to buy snacks with coins, and like, thats where they thrive. Coins are more expensive than bills but they can change hands a lot more times. A dime for a soda or a cheap snack, maybe a nickel if it's a good deal on a bag of chips is about right.
Like, this isn't even a monetary policy failure, it's just something that should happen every century or two in an inflationary economy with a 5% target.
The rule should be "if you pay with it at a restaurant it should be a coin" because it represents a daily use rather than weekly or monthly and much higher levels of wear and tear.
If not for credit cards we'd probably need $10 coins.
Fuck pennies. Even back in the 90s, it was annoying to receive.
CGP Grey must be doing the crab dance
well, he also asked for the death of nickels and dimes, so maybe not yet
John Green, too.
I knew i was forgetting someone who asked Obama about the penny, couldn't remember who
When Trumpflation kicks in they'll need to stop minting more denominations too.
Funny thing.
A few days ago I looked through my pockets and found a 1935 penny. Copper pennies were collected and melted down in WW2; the pennies from that era were steel.
It wasn't worth a lot but it was an interesting find. Back in the day, you could buy a cigarette or a newspaper with that penny. I wondered how far it had traveled, and what they'd used it for.
1943 was the one year they made the zinc plated steel pennies. They've been various ratios of copper before and after (from 88% to 97%) until 1982, when they turned to 97.5% zinc with a 2.5% copper plating.
I'll believe it when I stop seeing pennies.
Just close your eyes.
They're still there, rotating in my mind.
Welcome to the 21st century America. Canada ditched its penny over a decade ago.
i wouldn’t be so sure about this. i still have plenty of pennies and plenty of stamps to put on those pennies.
How will we request thoughts? Will we be left with only prayers? Noooo!
Venmo for your thoughts?
So NYC sales tax being 8.875. My $1 purchase is no longer $1.08, but $1.10. Good deal
This is why it would've been better to do this legally because there's going to be 10,000 corporations and banks trying to superman 3 everyone's rounding errors (eg rounding up for customers and down for taxes). This is going to create a lot of really stupid embezzlement scandals and lawsuits. Not to mention you can still pay in pennies with a credit card.