makes cents
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I'm all for eliminating the penny... but some people just don't like change.
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why is the penny still in production. Nobody wants them. Be far more efficient to round to nearest .05 mark than keep in production.
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@WSJ@adamnash http://www.snopes.com/business/money/pennycost.asp … Change the material? Why do we have to produce every year? Cashless society on the horizon...maybe -
We produce annually because so many leave circulation. Easy to just stop making / using it, like other countries have.
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what about nickels? Doesn't it cost more to make a nickel today?
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@jeffsparshott end the penny, round to the nearest nickel, except for penny candy. It's unlikely most readers will remember them
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The penny costS more....
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For Crying out loud - step into the 21st century like Canada did- get rid of it Just DO NOT use it. Stop making it.
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Zee pfennig is worth more than face value - it demeans zee vaderlandt and is used for crime - Confiscate Zee pfennig...
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They're still around thanks to the zinc mining companies lobbying Congress.
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What do you think we should do? Get rid of it or keep it?
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The value of the penny isn't in the value of the materials or process 2 make it. The value resides in the ability to be more accurate.
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But there's a cost to being accurate to that extent.
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there is a cost to not being accurate. When I was in Germany we rounded 2 the .05. At the PX gas station, I always put in .02 extra
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so there are costs both ways.
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