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View Poll Results: Should the US get rid of the penny?
Yes 79 65.83%
No 41 34.17%
Voters: 120. You may not vote on this poll

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Old 11-07-2011, 10:37 PM
 
Location: Victoria TX
42,668 posts, read 71,574,557 times
Reputation: 35864

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The US cannot get rid of the one-cent coin, because firmly entrenched commercial deception continues in this country (and virtually no other) to lie about the price of products and services by not including the tax in the quoted price. Merchants will always insist on the right to quote a price in the teens ($19.99) for a product that will cost about 22 bucks. The US is the only country in the world where that kind of systematic, methodical lying is not just tolerated, but encouraged by the Government Of, By and For the people.

So prices will always come out to be numbers like $27.54, instead of 350 Pesos, as is the case in countries where honesty is the cultural norm.

Quote:
Originally Posted by jackmccullough View Post
I've heard it said it's because they are too hard to distinguish from quarters,.
Maybe we can also adopt the Canadian education system, where mere school children can distinguish the quarter from not just the 1-dollar coin, but the 2-dollar coin as well.
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Old 11-08-2011, 12:49 AM
 
Location: The western periphery of Terra Australis
24,683 posts, read 43,159,772 times
Reputation: 11862
Quote:
Originally Posted by jackmccullough View Post
I've heard it said it's because they are too hard to distinguish from quarters, but I'm not sure I buy it. Personally I like them. I don't go to the teller very often, but when I'm getting cash from a teller instead of from a machine I try to remember to ask for them.
$1 bills look so similar to other notes. It's much easier to deal with a few dollar coins rather than a few tatty bills.
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Old 11-10-2011, 12:56 PM
 
Location: DFW
6,717 posts, read 11,173,836 times
Reputation: 4980
Yes, and let's melt them down to create more $1 coins (and scrap the $1 bill.)
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Old 11-10-2011, 08:12 PM
 
26,163 posts, read 14,467,561 times
Reputation: 17235
Quote:
Originally Posted by Trimac20
When I went to the US I was much inconvenienced by the fact that they still used 1 cent coins/pennies, and they expected you to pay exact change!
Exactrly and with Pennies YOU CAN

They were going to get rid of them by 1999 but that didnt happen....
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Old 11-10-2011, 08:21 PM
 
143 posts, read 314,974 times
Reputation: 174
Quote:
Originally Posted by Trimac20 View Post
$1 bills look so similar to other notes. It's much easier to deal with a few dollar coins rather than a few tatty bills.
It has the friggin' number right on the bloody thing
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Old 11-11-2011, 06:34 AM
 
Location: Maine
2,349 posts, read 1,582,373 times
Reputation: 4200
Getting rid of the penny and 1$bill will save the gov. billions in the long run, and jtur88 is right, stores should be required by law to show the full price with tax and maybe in smaller print a breakdown of the price and tax.


WALFART ACME WIDGET
___________
$4:00
prc $3:80
tax $0:20
___________


bill
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Old 11-11-2011, 04:09 PM
 
Location: Victoria TX
42,668 posts, read 71,574,557 times
Reputation: 35864
Quote:
Originally Posted by Trimac20 View Post
$1 bills look so similar to other notes. It's much easier to deal with a few dollar coins rather than a few tatty bills.
Here's an idea. Start stamping "one dollar" instead of "one cent" on new pennies, and revalue the old ones at a dollar each, too. It's estimated that there are 150-billion pennies, so that would increase the money in circulation by $150-billion. Then just shut down the paper-dollar printing presses, until 150-billion of them get worn out. That would address both problems, getting rid of pennies, and replacing paper bills.

The problem would be that nearly all those pennies are being hoarded somewhere by someone who is already rich (like banks). That's 500 pennies per person, and most ordinary people have only got a few dozen of them at any time. So it would be a windfall for the rich to the tune over $100-billion.

Last edited by jtur88; 11-11-2011 at 04:35 PM..
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Old 11-11-2011, 04:37 PM
 
Location: New York
1,339 posts, read 2,186,810 times
Reputation: 1505
YES I HATE COINS !!!! I would rather all the stores rounded the prices up or down to include sales tax..... it drives me mad when I pick something up and it says 1 dollar and they suddenly its 1.13 or whatever. (I never know what the sales tax is so never know the cost... )
I just know I have a huge pot at home full of coins.....
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Old 11-11-2011, 07:46 PM
 
1,378 posts, read 3,524,288 times
Reputation: 1735
Quote:
Originally Posted by Trimac20 View Post
When I went to the US I was much inconvenienced by the fact that they still used 1 cent coins/pennies, and they expected you to pay exact change! (when there was no tipping, of course). I spent a long time counting out those dang things. We got rid of 1 and 2 cent coins in the early 90s: now you can't even buy anything for less than 5 cent so it makes sense. Now everything is rounded to the nearest $0.05. In your opinion wouldn't it make it easier for everyone if the US did the same?
You do not have to pay the exact amount. Stores will give you change. Where did you go where you had to pay the exact amount?



Quote:
Originally Posted by Trimac20 View Post
$1 bills look so similar to other notes. It's much easier to deal with a few dollar coins rather than a few tatty bills.

Bills have big numbers on them.
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Old 11-12-2011, 10:33 PM
 
Location: Anchorage
760 posts, read 1,422,457 times
Reputation: 724
Quote:
Originally Posted by swisswife View Post
it drives me mad when I pick something up and it says 1 dollar and they suddenly its 1.13 or whatever. (I never know what the sales tax is so never know the cost... )...
ahem... why not just learn the tax % in your state?
and, usually not too hard to figure a rough amount of tax for the final amount, instead of figuring out each time for each item
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