Would you even bother to pick up a dime off the street ?

[Facetious]

So, what do you think about coined currency in these times, should the minting continue on and remain as a liability, or should Congress vote accordingly and cease production ?
I maintain that we not only discontinue the minting of pennies, but let's cease coin production altogether for a cleaner, greener, environmentally conscientious America. Stop the mining of millions of tons of raw materials used for coin production. Stop the needless burning of fossil fuels used in the production and distribution of worthless coins !!
Become better stewards for our enviromnent and planet, it's the right thing to do ! I'm game :thumbsup:


What to do with all of the idle federal employees is another topic.

Sourced from the U.S. Mint :

''Are there any plans to remove the one-cent coin (more popularly known as "the "penny) from circulation?''

We occasionally hear from people who believe that the Mint should stop producing one-cent coins and remove them from circulation. You may be interested to know that the penny is the most widely used denomination currently in circulation. There was a study conducted in 1976 of this and other suggestions regarding our coinage system. However, the idea of eliminating the penny received strong objections from an overwhelming majority of State revenue collection departments, retail firms, and commercial banks. Other objections voiced in later studies concerned the inflationary impact of such a proposal on prices and possible difficulties on collecting sales taxes.

It has not been confirmed that the penny has outlived its usefulness. Neither business nor the public as a whole has pressured for changes in the coin denominations in circulation today. In addition, our coin and currency system is among the most trusted in the world. The vast majority of users apparently are content with the existing coin denominations, including the one-cent coin. As a result, the Treasury Department has no plans now to cease production of the penny. In addition, such a change to the United States monetary system could not be done without prior Congressional authorization. If directed to do so by legislation enacted by the Congress and signed by the President, the Treasury Department would again study phasing out the penny. Since the demand exists and the Federal Reserve Banks require inventories to meet the demand, the United States Mint is committed to producing the penny.

 

[DOA82]

The pricing of products at .99 is a trend that actually pisses me off a lot of the time. The penny you get back is good for next to nothing, with exception of the moment you over at the petrol pump by 1p and the asshole cashier refuses to let it slide.

I'd much rather make a purchase at £1 or 50p values, I dont think we are quite so cheap yet that an item being priced 10p higher or lower next to a rival will merit the long walk. How many of us have a bucket in a cupboard somewhere filled to the brim with coppers and small change?

(I'm sorry but in the UK 5p pieces are about as useless as the coppers!)

We already lost the £1 note over here, lets face it, the coin version is more convenient. I dont remember the last time I had a £5 note in my wallet!

 

[~~whimsy~~]

Hell yeah I pick up coins if I see them. I put them in a jar along with random change I get back from buying things. At the end of the year I have anywhere from 50-75 dollars in change.

Not bad for something a lot of people tend to overstep and leave for people like me to pick up. I learned that from a teacher who was made fun of by a student (not as crude as it sounds) for picking a penny up one day in class off the floor.

Although, I hear it costs 3 cents to make two pennies, we have enough pennies out in circulation as is. I think we can limit the penny making nowadays.

 

[roronoa3000]

The pricing of products at .99 is a trend that actually pisses me off a lot of the time. The penny you get back is good for next to nothing, with exception of the moment you over at the petrol pump by 1p and the asshole cashier refuses to let it slide.

I'd much rather make a purchase at £1 or 50p values, I dont think we are quite so cheap yet that an item being priced 10p higher or lower next to a rival will merit the long walk. How many of us have a bucket in a cupboard somewhere filled to the brim with coppers and small change?

(I'm sorry but in the UK 5p pieces are about as useless as the coppers!)

We already lost the £1 note over here, lets face it, the coin version is more convenient. I dont remember the last time I had a £5 note in my wallet!

You get a penny back from paying .99?
I guess you have no taxes.

 

[Facetious]

How many of us have a bucket in a cupboard somewhere filled to the brim with coppers and small change?

:o 2 X 18.9 liter (5 gallons for us U.S. folks) water jugs filled to the neck, a lifetime collection valued at what ? well under $1K.

One jug is plastic :MilwaukeeSawzaw: and the other is glass
Oh, yea I hope that it's safety tempered glass ! :hammer:
Could you imagine shaking all of the coinage out of those little necks ?
The things must weigh some 30 kilos ea. :1orglaugh

 

[DOA82]

You get a penny back from paying .99?
I guess you have no taxes.

Taxes are already included in the price of the product, so the price you see is the price you pay.

 

[roronoa3000]

Taxes are already included in the price of the product, so the price you see is the price you pay.

lol. Not here.

 

[Smallville417]

I have no problems with no more minting of pennies, but I still like coins in general and would like to see them to continue being minted.

 

[weinermobile]

I don't want just bills. Then everything gets rounded up and I am am a frugal-ass mutha fucka. But i'm not Jewish. just sayin'

 

[Ace Bandage]

I wouldn't pick a homeless man up off the street either. Any Chance we can eliminate them as well?

 

[Jagger69]

A dime, yes. A nickel, yes. A penny, no.

I do have my standards.

Really though, pennies should be done away with. Everything should be either rounded up or down to the nearest 5 cent increment.

 

[JayJohn85]

Maybe to throw it at someone.

 

[~~whimsy~~]

A dime, yes. A nickel, yes. A penny, no.

I do have my standards.

Bah! That's all lies!!!

I have photographic evidence of you picking up a penny!!!

I'll see you in court!

 

[cartman24]

If I'm alone i'll pick up change on the street, just throw it in my change jar and call it a day.

 

[wingman00]

I'm not an American, but we have a coin here with about the same vallue. it's completely useless!

 

[jtcarra]

hell yeah dime nickle penny thats money

 

[titsrock]

I'm in favor of getting rid of the penny. Useless today.

I only pick up quarters or dollars :thefinger

 

[jod0565]

A dime on the street going into my pocket is more than I had before.

 

[PirateKing]

I say stop producing coins. Any change I have I try to get rid of by putting it in a tip jar or giving it to a thankful homeless guy who's saving up for dentures.

 

[MrZiggles]

I'll pick up as low as a nickel. I wouldn't mind getting rid of the penny.