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  #1  
Old 09-03-2012
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Default Why does the US still manufacture pennies?

These things are such a waste. I always get pissed off when i get them. Whenever i get them at a store or anywhere i just leave them on the counter of the store or throw them away. Even if you tried to save them it would be a complete waste of time. It's just not worth it. It works pretty good for the marketing illusion by being able to end prices with a .99 but is it really worth it. The penny actually costs more to make than it is actually worth. In my opinion they should just get rid of it and round the prices up by that 1 cent. I don't know why they haven't done this already.....
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Old 09-03-2012
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I've been saying the same thing for a long-ass time. We should also get rid of nickles. We should just keep Dimes and Quarters. What if they made a $0.75 coin?
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Old 09-03-2012
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I only disagree because the penny saved me when I needed food on my mouth.

I saved them in jars out of my families habits for many decades, then forgot about them.

A time came when we were down and out, LITERALLY.

With the little food we had left, I fed my children while my husband and I went to bed hungry. Its not a nice feeling. We were living paycheck to paycheck and the bills were due.

My parents always taught me: Pay your rent first, you can get food from anywhere.
My husband and I were not at the point where we needed to beg for food.

I then remembered that we had the water jugs of pennies in our basement, just collecting dust in the far back.

Cashed them in and had around $325 dollars that I promptly went food shopping with.
Fed us for the rest of the month.

I don't knock them at all.
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Old 09-03-2012
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Its still a legal form of currency plus due to taxes you need to get pennies back or pay pennies on your purchases...
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Old 09-03-2012
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The whole economy would die without a penny. Think of stocks and their price fluctuation
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Old 09-03-2012
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Canada is already phasing out the penny.
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Old 09-03-2012
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when banking and purchasing becomes totally electronic (which it will one day), a lot more than the penny will be phased out. i personally dread that day
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Old 09-03-2012
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I agree to get rid of Pennies. They cost $2.41 roughly in 2011 to make. Think of how much money they would save by not producing billions of Pennies a year.

Edit: sorry I meant 2.41 cents per penny

Last edited by gtaforever00; 09-03-2012 at 08:43 PM.
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Old 09-03-2012
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Quote:
Originally Posted by gtaforever00 View Post
I agree to get rid of Pennies. They cost $2.41 roughly in 2011 to make. Think of how much money they would save by not producing billions of Pennies a year.
we live in a very sick time of the world. certain things are great and certain things are definitely not great. it is a time of economic slavery. it is only through different types of slavery does the world exist today as it does
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Old 09-04-2012
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The lobbyists for the companies that provide the metals used in manufacturing pennies will not allow it. They make too much money to let the government stop making pennies.
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Old 09-04-2012
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Quote:
Originally Posted by jeffweico View Post
The lobbyists for the companies that provide the metals used in manufacturing pennies will not allow it. They make too much money to let the government stop making pennies.
great angle. the usual reason has to do with money, even when dealing with money
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Old 09-04-2012
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Quote:
Originally Posted by jeffweico View Post
The lobbyists for the companies that provide the metals used in manufacturing pennies will not allow it. They make too much money to let the government stop making pennies.
Then the government should exclusively pay them with pennies, that will teach them a lesson.
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