RIP The Penny

[Smokey Bear]

I think this should have been done a long time ago.

US Treasury confirms the end of the penny

There has been a long debate over the cost and usefulness of one cent coins in the US.

www.bbc.com

 

[NRA4LIFE]

It's about time. Maybe now instead of everything you buy ending in .99 it will be .00.

 

[ODB]

All those upward rounds….

 

[thinhorn_AK]

Good, I hate those things.

 

[nettereo16]

 

[JPNW]

It's about time. Maybe now instead of everything you buy ending in .99 it will be .00.

Oh man, that would be fantastic

 

[Q child]

I haven't paid for anything with money in years. By all means, but I don't remember the last time I touched a penny.

 

[Anobody]

I’ve been collecting Pennys for ever excited to see the government offer a dime for every penny.. hahahah

 

[average]

Might as well do the nickel as well. Unfortunately it will cost some jobs

 

[NRA4LIFE]

My wife and I had been throwing our pennies in a big jar for 25 years or better. Took them to the coin star machine and we had about 4400.

 

[sbtaylor]

But what will kids pick up off the dirty bathroom floor to show me?

 

[Smokey Bear]

But what will kids pick up off the dirty bathroom floor to show me?

 

[spike camp]

It cost as much to make a dollar, as it does to make a penny.
That’s just silly

 

[WeiserBucks]

My wife and I had been throwing our pennies in a big jar for 25 years or better. Took them to the coin star machine and we had about 4400.

4400 pennies or $4400?

 

[Reburn]

4400 pennies or $4400?

Surely 25 lbs = 4400 pennies

My math says $4400 in pennies is over a ton of pennies. I dont see a coin star holding 2k lbs of pennies.

 

[NRA4LIFE]

4400 pennies, only 44 bucks.

 

[mostlybirch]

It cost as much to make a dollar, as it does to make a penny.
That’s just silly

A penny doesn't represent 1 cent of copper anymore than a dollar represents a dollar worth of paper.

 

[z987k]

A penny doesn't represent 1 cent of copper anymore than a dollar represents a dollar worth of paper.

There's been almost no copper in pennies for over 40 years. They're made of zinc.
There's more than 1 cent zinc in them now though.

 

[mostlybirch]

There's been almost no copper in pennies for over 40 years. They're made of zinc.
There's more than 1 cent zinc in them now though.

You're right, there is a small amount of copper. The point I was making is the currency doesn't reflect the metal content or the price to produce it.

 

[spike camp]

You're right, there is a small amount of copper. The point I was making is the currency doesn't reflect the metal content or the price to produce it.

And the point I was making is that it’s ridiculous for a penny to cost 3 cent to make regardless of material.