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View Poll Results: Well?
Yep. 23 74.19%
Nope. 7 22.58%
Dunno. 0 0%
Option 4. 1 3.23%
Multiple Choice Poll. Voters: 31. You may not vote on this poll

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Old 01-07-2013, 02:19 PM
 
Location: Vermont
5,441 posts, read 15,409,669 times
Reputation: 2641

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Slightly off topic but I noticed Chipotle now rounds transactions. I don't know to what extend, but I had one recently that was rounded down from like 14.03 to 14.00 or something like that. I've always disliked the penny but it does sound like it would cost retails a lot of money to figure this system out.
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Old 01-07-2013, 04:35 PM
 
9,982 posts, read 7,288,432 times
Reputation: 5625
Get rid of both the penny and the nickel.
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Old 01-07-2013, 06:39 PM
 
323 posts, read 470,877 times
Reputation: 588
I use to hate pennies and would carelessly loose or toss them away - that is until 15yrs ago a financial friend of mine convinced me that pennies add up to nickels, nickels add up to dimes and quarters and quarters add up to dollars. Since then, I dump all my change in containers and deposit at a bank quarterly. Today I deposited $348.08 - $36 dollars were from pennies.

I also like to keep 4-8 pennies in my pocket so that when I pay cash for things I get no pennies back.
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Old 01-07-2013, 08:06 PM
 
12,773 posts, read 16,332,543 times
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This has been debated ad nauseum for decades. Don't tell me that prices will just get rounded up. Have you noticed everything is priced $---.99 to mislead you into thinking it costs less? Well, without the penny and nickel, it would be $---.90. You would end up saving nine cents on every purchase. Over a year that could add up to real money.
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Old 01-08-2013, 12:42 PM
 
Location: Here.
15,323 posts, read 13,861,824 times
Reputation: 17926
Quote:
Originally Posted by kmrlongisland View Post
Why stop at the penny? The social benefit of coinage is no longer positive. Look at the all of the wasted productivity in the US that coinage allows - robbery, drug dealing, money laundering, petty theft, etc.. - and all of the government functions that exist primarily because coinage exists. It's time to move to an all electronic coin. Instead of the penny I would first start with the larger bills $100 and above and every 5 years move it down a level.
I like this idea even better! Eliminate all coins and paper money. Replace with credit and debit cards. Smart phone technology could also be used for person-to-person transactions.
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Old 01-11-2013, 04:21 PM
 
1,075 posts, read 1,586,974 times
Reputation: 1959
Once I get the 666 barcode tattooed on my forehead and hand, I'm saying goodbye to coins, cash and cards forever!

I have no problem getting rid of the penny. I think it's silly to keep it around for sentimental reasons.

I do fear for the future of the 99 cent stores, though!
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Old 01-14-2013, 12:25 AM
 
7,947 posts, read 7,297,840 times
Reputation: 5860
quarters are the only coins I usually even bother keeping.
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Old 01-14-2013, 04:58 PM
 
Location: Waterworld
1,031 posts, read 1,285,977 times
Reputation: 995
Yes, get rid of them.. I hate carrying pennies and I hate the sight of them..
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Old 01-14-2013, 06:27 PM
 
Location: San Antonio , TX
167 posts, read 313,089 times
Reputation: 114
eliminate all coins up to quarter
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Old 01-14-2013, 11:13 PM
 
6,741 posts, read 7,290,016 times
Reputation: 10102
I'd eliminate the penny and the paper dollar, changing to a dollar coin. Nickels ... gotta think on that one.
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