Have you heard about the plans to end penny production?

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Have you heard about the plans to end penny production?

Bignuf Bignuf
I personally think that prices will be rounded UP to the nearest five cents, never down. How about you? What is your thought?
01/28/2013
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Sammi Sammi
I hope the prices of the pennies I'm hoarding goes up higher

There's been talk for a while, and I suppose it makes sense when it costs more to make them than they're worth. I think they'll round up prices, for sure.
01/28/2013
married with children married with children
they have been talking about this for along time. It comes up every year or two.

The nickles and dimes also cost more to make then they are worth.
01/28/2013
gsfanatic gsfanatic
They way it tends to work is that if your change comes to an amount non-divisible by 5, and you want change, it gets alternatively rounded up and down (evens out over time). Prices will probably go up by $0.01, which isn't really a big deal given how often pennies tend to get lost
01/28/2013
Mrs.Tee Mrs.Tee
Quote:
Originally posted by Bignuf
I personally think that prices will be rounded UP to the nearest five cents, never down. How about you? What is your thought?
This is something that i havent heard of before, but something like this i really dont think that it would be a good idea
01/28/2013
Big&Bald Big&Bald
It's constant in the media. I'll believe it when I see it.
01/28/2013
spiced spiced
I wouldn't mind a bit. I always seem to accumulate loads of them and then I never have them when I need them.

Kind of mind-blowing to realize that, around the turn of the 20th century, a penny was worth about what a dollar is worth today.
01/30/2013
GONE! GONE!
I don't like the idea even though I hate dealing with pennies.
01/30/2013
Entropy Entropy
Meh, I don't mind pennies. Never heard of this, but it sounds suspect.
01/30/2013
Errant Venture Errant Venture
It works in Australia, so why not in the US?
01/30/2013
Chilipepper Chilipepper
I've heard threats of this for at least 20 years now. They'll never get around to doing it.
01/30/2013
JennSenn JennSenn
I'll believe it when they finally do it. Until then I have no real opinion on the matter.
01/30/2013
IvyFayette IvyFayette
I think too much fuss would happen if they tried and the system would be reversed.
01/30/2013
Total posts: 13
Unique posters: 13