Some people hate em, some people love em! Personally, I wouldn't mind getting rid of the penny. Australlia did it a number of years ago. Should USA?
2006-07-07 07:48:56 · 36 answers · asked by ThaneTheBrain 2 in Politics & Government ➔ Government
Keep it and change the material it is made of.
http://coinedformoney.blogspot.com/...
2006-07-10 20:21:32 · answer #1 · answered by Man 6 · 0⤊ 0⤋
Yes, for the most part they are not very useful anymore and I'm sure it would help save money if the government no longer had to mint, transport, ect. them. Considering that most money transfers are done electronically and rounding would not end up costing that much, it really is a good idea.
They could even implement some kind of rounding up tax so that instead of those extra few cents being taken as profit for whatever company, it could instead be placed into an education fund or something. Given education isn't usually on the top of the list when it comes to where tax money should be allocated.
2006-07-07 08:01:34 · answer #2 · answered by extisc 2 · 0⤊ 0⤋
Granted pennies are not cost effective from a manufacturing point of view. It takes 1.3 cents to make a penny because the price of zinc has gone up so high. But I love them, and so do charities. Long live the penny!
Plus the whole rounding down if it's in the lower two cents and rounding up if it's in the upper two cents is just a math/accounting abomnination. No one has respect for precision!
2006-07-07 07:52:53 · answer #3 · answered by csucdartgirl 7 · 0⤊ 0⤋
No. Monetary bills and such would have to either round up or down to the nearest 5, thus adding 2 or 3 cents every now and then. and then each person making 5 purchases a day, and thats at max 15 cents a person, per day. times, say, 5 million, for those in larger cities, is.... well you do the math.
2006-07-07 07:53:34 · answer #4 · answered by neo22 1 · 0⤊ 0⤋
Yes I live in Germany, my husband is in the Army and on base the only place that uses them is the Post Office because they can't round the price up or down. But everywhere else either rounds up or down. So if you purchased something for 4.03 you pay 4.05. But really now it breaks even. Because if your cost was 4.02 you only pay 4.00. It would cost more to ship the pennies here than they were worth.
2006-07-07 07:54:55 · answer #5 · answered by Chris 3 · 0⤊ 0⤋
when I was in Seoul with the Army, on post, there were no pennies. Too much weight i guess and trouble with Conversion. Anyhow I was there a couple months before I even realized it. It really made nodifference except less clutter when i emptied my pockets
2006-07-07 07:53:59 · answer #6 · answered by JOHN K 2 · 0⤊ 0⤋
Wouldn't that make the penny worth a nickle
2006-07-07 07:51:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes. I hate the penny. They are useless and just collect all over the house and they smell bad. Plus you don't know where they've been or who has touched them. Gross.
2006-07-07 07:51:01 · answer #8 · answered by 1big teddy graham 4 · 0⤊ 0⤋
i dont think so because if would have gotten rid of it a long time ago we wouldnt have coin collectors like me searching for the silver wheat penny and rare coin press mess ups, plus it has abe on it dude! lol
2006-07-07 07:51:34 · answer #9 · answered by justinurban03 2 · 0⤊ 0⤋
No, i don't think America should get rid of pennies. Cause it all adds up....I put them in my sons piggy bank and he has over $100. worth of pennies.
2006-07-07 07:54:54 · answer #10 · answered by JAIMIE G 1 · 1⤊ 0⤋
Yes,what can you buy with a penny these days?
2006-07-07 07:51:34 · answer #11 · answered by Caesar 4 · 0⤊ 0⤋