I was on MSN, and I read an article that just blew me away. The U.S. Mint might stop making the penny! I, for one, think that's a load of crap. If I'm buying something like a novelty item for 99 cents, and I give the cashier a dollar, how the heck am I supposed to get change if there's no penny? I don't know about you, but I'm not about to pay 4 cents more for something just because these jerks don't feel like making a simple penny! This nation is falling apart!
2006-07-17 12:05:01 · 12 answers · asked by Anonymous in News & Events ➔ Current Events
Yes... the penny has outlived its usefulness. The government now spends 1.2 cents to make something worth 1.0 cents.... its a losing proposition. We can't afford to keep making it, its as simple as that. As a nation I think we could adjust, plus there will still be millions upon millions of them in circulation for years to come. We can make the adjustment gradually.
2006-07-17 12:11:39 · answer #1 · answered by eggman 7 · 0⤊ 0⤋
Actually, the zinc that is used to make the penny is 50% more costly than what the penny is worth. Instead of losing four cents, you'll gain 5 cents. It'll round to the nearest nickle. I asked this question earlier this week.
2006-07-17 12:11:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
believe it or no longer, there became once a million cent and a couple of cent sweet bars. They nevertheless cause them to, yet they placed them right into a bag of about 12 - 16 oz.. videos became once 9 cents for toddlers... it is the ingredient. each and everything expenditures so much better now. Inflation, the authentic inflation, is a lot larger that that said by technique of our authorities. There quite isn't any pick for the a million cent coin. good day, you could't purchase some thing with a nickel, both. So, sure, they ought to get rid of the a million cent coin. As to at least one dollar money, i love them, yet only to placed into my series. in the journey that they were the dimensions of the former cartwheels (silver money) they could be astounding, yet for we older persons who've difficulty seeing, they could quite be wondered with 1 / 4. also, see how a lot 50 or 60 of them weigh on your pocket/handbag! even as dropped, they immediately roll some position the position we received't attain them. So, a million cent money, no. One dollar coin, as minted, no, except for souvenirs. As to $2 costs, I loved them and used to deliver them to my spouse before we were married. in spite of the indisputable fact that, maximum individuals, which incorporates my departed Dad, believe that they are "undesirable success", so that you'll have an uphill conflict in attempting to carry them decrease back.
2016-12-01 19:30:36 · answer #3 · answered by duenwald 4 · 0⤊ 0⤋
Pennies now cost more than a penny each to mint.
Get rid of the worthless things, round everything up or down to the nearest nickel and everyone can be happy.
2006-07-17 12:08:51 · answer #4 · answered by ratboy 7 · 0⤊ 0⤋
What's 4 cents? Minting cents is a waste of money. If it could reduce the national deficit, we all will benefit in many ways.
2006-07-17 12:10:28 · answer #5 · answered by Mr. Bodhisattva 6 · 0⤊ 0⤋
Yes. Ridiculous. Especially when they can be minted from steel and coated with zinc.
The nation won't fall apart. The prices will be rounded off to the next five cents....and you and I both know they won't be rounded down !
2006-07-17 12:11:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes the penny cost more to make than a penny
2006-07-17 12:11:23 · answer #7 · answered by leprechaun268 2 · 0⤊ 0⤋
it is going to happen sooner or later because right now the penny is costing 1.2 cents to make. Go figure
2006-07-17 12:08:42 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No If they rounded everything up to 5 cents it would make things more expensive and us more in debt
2006-07-17 12:08:22 · answer #9 · answered by christigmc 5 · 0⤊ 0⤋
No way..it is a piece of history...if they do away with the penny..will they do away with the constitution next? they are already trying to get rid of the star spangled banner....
If you don't like pennies..give them to me..they all add up..(I use them for my vacation fund...)
2006-07-17 12:25:25 · answer #10 · answered by sleddinginthesnow 4 · 0⤊ 0⤋