Ditch the Penny already?

[salukipv1]

Should we ditch the penny?

Recently heard it costs more to produce a penny than they're worth, same goes for the nickel I believe, ie 3 cents to make a penny and 7cents to make a nickel, something along those lines.

Should we remove the penny from our currency already?

Also what's with stamps always costing odd numbers? 39, 46? make them 25, 35, 50, etc...right?

[sm]

No, the penny should be kept around, if for no other reason than to remind us of the devaluation of our money, backed by the full faith and credit of the United States Treasury.

[Poke Smott]

i cashed in a 5 gallon bottle of pennies..it was over $300..now thats good change..i'd rather keep my $300, not just let it get lost in translation

[Kybuckhunter]

If we do away with it the price of everything will go up. If something cost 3.91 do you think they would round up or round down?

[Poke Smott]

Originally Posted by Kybuckhunter

If we do away with it the price of everything will go up. If something cost 3.91 do you think they would round up or round down?

actually yes this price would , "supposedly" be rounded down, and at 3.925 it would go up.

[salukipv1]

I already ditch the pennies esp when they have the penny tray...I keep the silver...

or donate them to those help the needy jars.

[Beau Ouiville]

Sure, we could save billions by ditching the penny, eliminating the paper dollar bill (like Canada and the UK) and by eliminating Saturday delivery of mail.

See how quick any of that happens.

[salukipv1]

I say we goto 7 days/week mail delivery, but instead of requiring mailmen to work 6 days, everyone works 5days or 4days whatever, and people will cover more than 1 route depending on what day...

Originally Posted by Beau Ouiville

Sure, we could save billions by ditching the penny, eliminating the paper dollar bill (like Canada and the UK) and by eliminating Saturday delivery of mail.

See how quick any of that happens.

[JoeA]

One proponent of keeping pennies around is the zinc industry.

I've shopped in a grocery store in Brisbane, Aus. that rounded all their prices down the nearest nickel at the cash register. It seemed convienient.

With the widespread use of debit cards, cash itself may be fading away.