I think they should. Pennies and nickels aren't really worth what they were in this economic state; they're not really coins, they're more like tokens.
We killed those in Brazil already (1¢ coins).
We fixed stuff by either selling in packs (5 drops for 10 cents) or by giving the costumer lower prices in case there's no change to be given.
I think they should. It's just a mess.
They're killing the 50 øre (9¢) coin here in Norway soon as well.
Yes. Kill the 1c and 5c coins.
why not just make them out of even cheaper metals?
The penny can go, but the 5¢ should stay as it is important to balance payments.
Note: This would also help people which are blind because the size of the coin would be a better showcase of how much money they have.
Lets say you buy something that is for say..... $1.25. With sales tax it makes your total purchase to.... Lets say, $1.89. You hand them a total of $2 or $1.90 ($1 + 2 quarters + a dime) The sales clerk says:
Would you like your change?
9 times out of 10 you are not going to want that useless penny. Half the time you do not even want the change if it isn't in quarters. I know I am like that. Carrying changed around is annoying. Most people use paper money, quarters, or even dimes. Nobody wants to carry around pennies or nickels. I'm not saying we should removed the coins. If they do remove the coins, remove the penny. Its not needed as much as some other coins.
I have 150 0.02 cents.
Kill the penny and Nickel, Replace the $1 bill with a coin. All we need is 10 cent coin, 50 cent coin, 25 cent coin, and the dollar coin.
Anyways I've been wondering about the feasibility of having a currency based around 12 and its fractions, so eg instead of cents you get a 1/12 coin, a 4/12 coin and a whole (12/12) coin. It can accurately represent a third (not to mention that 12 has a total of 6 factors compared to 10 which only has 4), the smaller variety of coins will leave less hassle and it would still encourage the use of the least valuable coin (eg if you wanted something that was to cost you 6/12 you'd need to use a 4/12 and two 1/12 coins). The 4/12 would also be relatively valuable so you wouldn't need to carry as much coins around, but you'd still need to carry a few 1/12 coins around to pay for any remainders. Not related to inflation and it would probably end up useless if inflation and drops in purchasing power was to occur, but what do people think of that?
1. Keep the nickel
2. Lose the nickel and the dime
3. Replace the quarter with a $.20 coin.
When I was a cab driver, I never bothered with change except maybe quarters, and even then I wouldn't spend much time or energy making sure I had any. The primary motivation for having quarters was the coin-op car wash I'd take the car to before turning it in. If someone's fare was $9.85 and they insisted on getting their change, I'd give them an 85 cent discount if I didn't have a quarter. For a cab driver, the sooner he can be done with one fare and on to the next, the more money he can make. Making change to the nearest penny or nickel is never worth it, and quarters are hardly worth dealing with.
when i went to america i thought it was v unsatisfactory to get a handful of coins that amounted to about £1.10 in english money. Why taunt me like that?
My dad has a friend who has a warehouse full of pennies for when they're discontinued. He's going to melt them down and gain a nice profit supposedly.
I don't think we need pennies, but i also think that nickels are still viable.
The US is late. Here in Norway we shed the equivalent of a penny aaages ago.
And then we shed the equivalent of a nickel aaages ago.
And we just shed the equivalent of a dime. Our lowest form of currency now is ~18 US cents.
The only two viable ideas in my head are to get rid of the penny and nickel OR at least make them from something a little less expensive. What that would be, I'm not sure.
No I need pennys for when I don't quite stop the gas pump in time
(User was banned for this post ("This is not debating - Read the rules sticky." - Megafan))
I say get rid of the penny, but keep the Nickel. Having things like 9.95 is much better marketing than 10.00 or 9.90.
Besides, they already changed the back of the penny from the Lincoln Memorial to a dumb shield so we might as well. The nostalgia factor is gone.
I mean, what the hell?
Only get rid of pennies if they indeed make all prices end in 0 or 5.
I agree with mixshifter, pennies are practically useless anyway. All they do is clutter up wallets and purses.
Getting rid of pennies would honestly save me and everyone else a lot of time. First of all, all these coins I have collected have to go straight to the bank, (because the coinstar machine charges like 10%) or to someone who wants to take them. Now assuming that I had one of those coin counting machines to give them to the rare person who collects the useless things, I still have to waste time driving to and from the bank for like 4 dollars. Think about how much time collectively we waste counting pennies to match a specific price compared to the amount of time it would take if it was only a nickel. And correct me if i'm wrong, but don't we have anything more important to worry about than possibly losing a cent or two per transaction? If you REALLY require those couple of cents than you probably need either financial aid or a job.