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-   -   Money A new penny, but why? (https://chiefsplanet.com/BB/showthread.php?t=192336)

Fire Me Boy! 09-24-2008 07:42 AM
Quote:
Originally Posted by 'Hamas' Jenkins (Post 5048802)
It's not the personal change, I ****ing hate change, but I never use cash. Imagine if every purchase you made was rounded up 3 cents. That's the kind of stupid "Superman 3" shit that adds up after a while.
I have my bank do that automatically. The "keep the change" deal at Bank of America. They round up all my debit/credit card transactions up to the nearest dollar and transfer it to my savings account.

It's amazing how much you can rack up just through normal spending habits.

I used to do this years ago when I'd write checks. I'd always write for the next dollar up and put the change in this big water jug. At the end of the month, my wife and I would put all the change through the counter at the bank and go on a date.

beavis 09-24-2008 08:52 AM
One thing I really liked about British currency, they don't have a note smaller than a 5. The one and two pound coins are actually really useful.

chasedude 09-24-2008 09:36 AM
Quote:
Originally Posted by Fire Me Boy! (Post 5048864)
I've never understood if it's more expensive to make a penny than the penny is worth, why not change the material and keep the penny?
Right, during WW2 they made it out of cheaper tin. Those are really collectible.

Mr. Laz 09-24-2008 09:40 AM
just stupid ....... and a waste of money


just do away with it


the question is not whether to do away with the penny, it's where to do away with the penny AND the nickel.

joesomebody 09-24-2008 09:42 AM
Quote:
Originally Posted by Fire Me Boy! (Post 5048864)
I've never understood if it's more expensive to make a penny than the penny is worth, why not change the material and keep the penny?
That's what Japan does with the one yen coin, I believe it's made of aluminum, though it's so light that it feels like plastic.

Admittedly though, the one yen coin is worth like 1/100th of a penny.

Skip Towne 09-24-2008 09:45 AM
Quote:
Originally Posted by chasedude (Post 5049154)
Right, during WW2 they made it out of cheaper tin. Those are really collectible.
The 1943 penny was made of zinc coated steel. We needed the copper for the war effort.

CoMoChief 09-24-2008 09:48 AM
The Amero will be used here in the next 10 years.

Rausch 09-24-2008 09:51 AM
1 Attachment(s)
Quote:
Originally Posted by L.A.Chieffan (Post 5046706)
Can we get euro pennies
:spock:

Over-Head 09-26-2008 07:12 PM
Quote:
Originally Posted by Skip Towne (Post 5046464)
Those didn't go over very well at all.
Because you still had a choice.
The fuggen government just stopped printing and circulating $1 bills :cuss:
Banks were ordered to ship em back to Ottowa for disposal

Hammock Parties 09-26-2008 08:04 PM
We're the greatest country in the world, that's why. People in Africa are starving. People in the Middle East are fighting reeruned religious wars.

Here in America? You may THINK our economy is bad and the liberals may want you to believe everything is going down the tubes. But nope, we're spending time and money redesigning our currency!

AMERICA! **** YEAH!

Pass the fake tits and double cheeseburgers.

Hammock Parties 09-26-2008 08:05 PM
Quote:
Originally Posted by frazod (Post 5046702)
The penny is horseshit. I assume some very well connected people make money off its continued issue, because it makes no sense whatever to have the goddamn things in an age when you can't even use them buy a gumball.
A penny buys you 15 minutes of parking in River Falls, WI.

alnorth 09-26-2008 10:27 PM
Quote:
Originally Posted by StcChief (Post 5048863)
the issue is still the wierd add on sales tax rates city/county etc charge that cause price to leave penny needed.... Price your product, include your tax,state etc... to give at wholde .05 increment and no problem... until then....pennies needed.
Why? You could make the same arguement for .001 dollars, .0001 dollars, etc. Except those values are so monetarily small that its irrelevant? Well, same for the penny.


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