Pennies and nickels and dimes, oh my!

droomph

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    (I don't believe that there is a penny thread so I'm making one)

    Considering that each penny costs 1.6¢ to make I don't think it's really worth making anymore (but the wheaties! Oh, the wheaties).

    So what are your guys' opinions on pennies, nickels, or any coin in general?

    Yeah, this is a week late, but oh well~
     
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    I never really use Pennies. I wouldnt honestly care if pennies stopped being made. I honestly dont use coins much, I usally just throw my change on my dresser or just keep it in my wallet.
     
    They are those annoying bronze small coins that you get in the supermarket when you buy some bread for €0.49. I believe the world would be a better place with just multiples of 5.
     
    Tbh, we don't even need anything lower than say... a quarter. As long as stores stop adding $.99 on the end of everything, there's absolutely no need for small change. Just make things $9.75, instead of $9.99. (Or better yet, $10.00. And we can get rid of change altogether... although there are some super cheap things like gum, that cost a quarter to begin with.)
     
    I honestly would prefer that we ditched the 5c piece here in Australia. They're so annoying, because you really can't do anything with them. You get them as change, but when most things are something .95, then it's a little rude and time consuming to count out the coinage, so it's difficult to give them back.
     
    Working in retail you grow to really hate coins. I have customers who come in daily and do exactly what Archer just said - they stand at the counter, no matter how long the line behind them, and count out every coin they've managed to salvage from their car and pocket just to buy a beer because it's the last money they have until they're next paid. It really makes me wonder about humanity. Also, since there are so many people who do that, the registers get clogged up with so many coins that we have to have people come once a week and take the excess away when their job is meant to be giving us more.

    I hate coins. I'm starting to hate cash in general... all that bacteria. Everybody should just pay with their bank cards or credit cards. EFTPOS is my best friend.
     
    Where I am, Canada, Pennies are out of production. They'll still circulate for years of course, but no new ones are being made. The last year Pennies were produced here was 2011. So in other words: Canada's smarter than 90% of the world. B) Jkjk
     
    I don't like change period. It's annoying to me. I'm the type of person who tries to pull change out his pocket and it all falls out.....simply annoying...So I think change are a waste.
     
    I honestly would prefer that we ditched the 5c piece here in Australia. They're so annoying, because you really can't do anything with them. You get them as change, but when most things are something .95, then it's a little rude and time consuming to count out the coinage, so it's difficult to give them back.
    Hah, in America you can't buy anything significant with anything other than a dollar coin...
     
    Speaking of dollar coins I really like the ones we have in America. I like paying in cash, but I wish we used more coins instead of bills. That said, the penny isn't worth keeping around when you can just round everything to the nearest $0.05. I wish prices could have tax included in them and that way they could adjust everything to make things more streamlines, but in America all the states have different taxes so that could never happen.
     
    Hate them. Really annoying, especially when working in retail. Im a cashier, and I just hate dealing with coins. I love when people pay with credit cards, its easier. Plus, your hands dont smell bad from handling coins.
     
    I'm going to miss our maple leaf penny. But, yeah, it doesn't make a lot of sense to continue to produce them. It costs more to make then they're worth. You're operating at loss.

    So, I'm okay with us ditching it.

    Only problem I see is that we'll lose product prices ending in 99-cents. If retailers were nice, they'd would down to 95-cents. But they won't. They'll round up to the nearest dollar. That's not a lot, mind you, but still it is just a little bit more that comes out of our pockets.
     
    Yeah agreed. They're gonna start costing the consumer everything. Always going to be rounding up.. and when you think of it.. that's a lot.

    I saved my pennies that I got every lunch time one year at school, and by the end of the year I ended up with $26. That's a lot of money just for pennies. Imagine how much it'll cost if they start to round everything up! Ugh :///
     
    If things would quit having costs that required 1 cent to fill in the gaps, then sure, take them out. I don't care. But as long as $4.87 exists, they need to stay. Like Went said though, if things could be in multiples of five, that'd be great.

    Tbh, we don't even need anything lower than say... a quarter.

    No I love dimes. ;_____;
     
    Yeah agreed. They're gonna start costing the consumer everything. Always going to be rounding up.. and when you think of it.. that's a lot.

    I saved my pennies that I got every lunch time one year at school, and by the end of the year I ended up with $26. That's a lot of money just for pennies. Imagine how much it'll cost if they start to round everything up! Ugh :///
    Well:
    1¢/6¢ - Lose one (-1)
    2¢/7¢ - Lose two (-3)
    3¢/8¢ - Gain two (-1)
    4¢/9¢ - Gain one (0)
    5¢/10¢ - Stay at price

    We're rounding the the CLOSEST 5¢.

    So you'll see, that if we stop the "everything ends with '.99¢'" trend we can safely assume that most everything won't change. And besides, with sales tax almost all the time you'll end up with some arbitrary number.
     
    Oh, a fun anecdote: yesterday, I was in the Uni cafeteria and I wanted to buy a doughnut. I looked around my wallet and found out that I had exactly €0.79. Pastries cost €0.80. I wanted to punch something.
     
    Haha, that must suck. Especially if you can't charge 1¢ credit because the cashier is stuck up.
     
    i wish that that the world would switch to phone payments like in korea, where you take a pic of the cpde food you want on your phone and its delivered to your house and paid on your phone.
     
    The only coins I actively hate are pennies. I wish the US would get rid of them. We can survive. Overseas on US air bases, they don't use them because it's too expensive to ship and use them, so everything's rounded up. It works just fine. At least, as far as I knew.

    I'm an odd person, in that I wish dollar coins were more common in the US. I think they're really neat. Doubt that'll ever happen, though.
     
    ^ Yeah I agree too:



    "Logical decisions are for n00bs and hax0rs" - US government
     
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