return2ozma@lemmy.world to News@lemmy.world · 2 days agoStop making cents: US Mint moves forward with plans to kill the pennyapnews.comexternal-linkmessage-square143fedilinkarrow-up1390arrow-down17
arrow-up1383arrow-down1external-linkStop making cents: US Mint moves forward with plans to kill the pennyapnews.comreturn2ozma@lemmy.world to News@lemmy.world · 2 days agomessage-square143fedilink
minus-squareepicstove@lemmy.calinkfedilinkEnglisharrow-up16·2 days agoWell, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth. Here in Canada we killed our penny years ago. The US used to have a half penny, but it was killed over 100 years ago. Minting such a small amount of change that sees almost no practical use is pointless.
minus-squareinnermachine@lemmy.worldlinkfedilinkarrow-up1·12 hours agoRemember when u could buy penny candies? The dollar ain’t worth shit anymore
minus-squareImADifferentBird@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up6·2 days agoHonestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
minus-squareinnermachine@lemmy.worldlinkfedilinkarrow-up1·12 hours agoAround 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become
Well, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth.
Here in Canada we killed our penny years ago.
The US used to have a half penny, but it was killed over 100 years ago.
Minting such a small amount of change that sees almost no practical use is pointless.
Remember when u could buy penny candies? The dollar ain’t worth shit anymore
Honestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
Around 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become