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View Poll Results: What U$ coins should be gone?
1 cent (penny) 35 35.35%
5 cent (nickel) 4 4.04%
Both 1 and 5 cent 15 15.15%
No, they are useful 45 45.45%
Voters: 99. You may not vote on this poll

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Old 10-22-2008, 03:17 PM
 
Location: North Jersey, NJ
142 posts, read 163,866 times
Reputation: 25

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U$ Penny (1 cent) and also the Nickel (5 cent) is so unuseful and nobody almost use it.
There are lots of cents that nobody even use them, and you can't get anything for the penny or nickel anyway. I think that we should get rid of the penny, and maybe the nickel too, but definitely the penny.

Today we have 1, 5, 10, 25 cents and $1, $5, $10, $20, $50, $100.
If we got rid of the 1 and 5 cent, it would be much better and easier, and it would be more space.
Prices could be round to nearest tenth of fifth anyway.

Last edited by Suryoyo; 10-22-2008 at 03:30 PM..
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Old 10-22-2008, 03:19 PM
 
Location: Jersey City
6,488 posts, read 16,152,784 times
Reputation: 5637
Yep, get rid of pennies and paper $1.
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Old 10-22-2008, 03:21 PM
 
Location: South Carolina
3,398 posts, read 7,144,125 times
Reputation: 2845
Just curious, but how do you propose to get exact change back at a store without pennies or nickels?
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Old 10-22-2008, 03:26 PM
 
Location: Jersey City
6,488 posts, read 16,152,784 times
Reputation: 5637
If you get rid of the penny, you just round everything to the nearest $.05. Australia and New Zealand got rid of low-denomination coins nearly 20 years ago. Some parts of Europe have too. Canada has studied it, but I'm not sure if they've gone through with eliminating the $.01 CAD coin yet.
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Old 10-22-2008, 03:27 PM
 
Location: Bradenton, Florida
27,236 posts, read 41,379,780 times
Reputation: 10958
Oh, they won't mind if everything is 1 to 9 cents higher, apparently.
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Old 10-22-2008, 03:27 PM
 
Location: North Jersey, NJ
142 posts, read 163,866 times
Reputation: 25
Quote:
Originally Posted by Colddiamond102 View Post
Just curious, but how do you propose to get exact change back at a store without pennies or nickels?
Well, they should round the prices to the nearest tenth or fifth, such as for example (if a t-shirt cost $9.99, they could make it to $9.95 or $9.90)
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Old 10-22-2008, 03:36 PM
 
Location: South Carolina
3,398 posts, read 7,144,125 times
Reputation: 2845
Quote:
Originally Posted by Suryoyo View Post
Well, they should round the prices to the nearest tenth or fifth, such as for example (if a t-shirt cost $9.99, they could make it to $9.95 or $9.90)
So, in essence, the business would have to write off 1-5 cents per item perhaps?
How would they make the price 9.95 without the nickel? And I seriously doubt they'd round it downward. A business is going to charge you the price they need to make a profit.


Think I'll take the penny and the nickel.
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Old 10-22-2008, 03:47 PM
 
Location: Portlandia "burbs"
10,234 posts, read 13,982,771 times
Reputation: 25884
Merchants would definitely have to change how they price their goods.

But for all you who hates them enough to let me lie on the ground, I thank you. I'm "one of those" who picks up pennies, and I have picked up a bunch over the years. I keep a penny can, and when it's time to take a trip, those pennies get counted with those from my other loose-coin can. It may total up to only $5 worth, but hey ~ in NY that $5 bought me a slice of pizza AND a drink.
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Old 10-22-2008, 04:00 PM
 
Location: South Carolina
3,398 posts, read 7,144,125 times
Reputation: 2845
Quote:
Originally Posted by Bluesbabe View Post
Merchants would definitely have to change how they price their goods.

But for all you who hates them enough to let me lie on the ground, I thank you. I'm "one of those" who picks up pennies, and I have picked up a bunch over the years. I keep a penny can, and when it's time to take a trip, those pennies get counted with those from my other loose-coin can. It may total up to only $5 worth, but hey ~ in NY that $5 bought me a slice of pizza AND a drink.
Oh good...so you do it too! We should start our own club.

The Penny Picker-Uppers Club
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Old 10-22-2008, 04:00 PM
 
Location: Salt Lake City, Utah
7,731 posts, read 12,190,234 times
Reputation: 5942
Get rid of the penny.
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