Bye bye one cent penny!

[ARCHIVED THREAD] - Bye bye one cent penny! (Page 1 of 2)

Posted: 2/14/2013 7:43:13 PM EDT

Obama wants to get rid of the penny. I'm OK with that for two reasons.

1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it

2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop.

People here cool with this?

http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html

Posted: 2/14/2013 7:43:57 PM EDT

[#1]

Quoted:
Obama wants to get rid of the penny. I'm OK with that for two reasons.

1. I can't remember the last time I used a penny. I pay for all that I can on the credit card as I earn miles on it

2. I'm hoping all that freed up copper can go towards brass for ammo so supplies will increase and prices will drop.

People here cool with this?

http://news.yahoo.com/blogs/ticket/obama-suggests-open-getting-rid-penny-234637403--politics.html

Posted: 2/14/2013 7:44:33 PM EDT

[#2]

This bullshit gets posted every year.

Posted: 2/14/2013 7:44:52 PM EDT

[#3]

FBHO

Posted: 2/14/2013 7:44:54 PM EDT

[#4]

My brain hurts

Posted: 2/14/2013 7:45:11 PM EDT

[#5]

So what about all those survivor penny squishing machines?

Posted: 2/14/2013 7:45:13 PM EDT

[#6]

"A penny earned is a penny..."

Wait, they let us raise the debt ceiling again?

"A nickel earned is a nickel saved."

Posted: 2/14/2013 7:45:46 PM EDT

[#7]

It's a start.

Get rid of the penny, dime and nickel.

Paper one and five dollar bills replaced with coins.

Give us a $500 bill.

Posted: 2/14/2013 7:45:57 PM EDT

[#8]

Quoted:

Quoted:

copper

Posted: 2/14/2013 7:46:14 PM EDT

[#9]

We just actually, and for real, got rid of the penny up here in Canada... Feb 4th...

Posted: 2/14/2013 7:48:09 PM EDT

[#10]

Quoted:
It's a start.

Get rid of the penny, dime and nickel.

Paper one and five dollar bills replaced with coins.

Give us a $500 bill.

I'd go for that.

Posted: 2/14/2013 7:48:20 PM EDT

[#11]

I'd love to get rid of the penny.

Posted: 2/14/2013 7:48:38 PM EDT

[#12]

One cent penny? Because there is all of the other $ denomination pennies?

Posted: 2/14/2013 7:48:45 PM EDT

[#13]

Why does your info say USA

Dammit if your american what are you doing in canada?!!

Posted: 2/14/2013 7:50:00 PM EDT

[#14]

Quoted:

Quoted:

copper

Posted: 2/14/2013 7:50:39 PM EDT

[#15]

Canada just did the same thing.

Posted: 2/14/2013 7:52:31 PM EDT

[#16]

So now Obama wants to ban pennies!

Will this ban shit never stop?

Posted: 2/14/2013 7:53:06 PM EDT

[#17]

Posted: 2/14/2013 7:53:35 PM EDT

[#18]

So what happens when I buy an item that comes out to $20.77? Do I eat the 3 cent loss, or does the store eat the 2 cent loss?

Posted: 2/14/2013 7:53:55 PM EDT

[#19]

What happens when I purchase something that is $2.96 and I give them $3.00?

Posted: 2/14/2013 7:55:56 PM EDT

[#20]

Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00?

Know how I know you're being sarcastic?

Because nobody is that stupid.

Posted: 2/14/2013 7:56:20 PM EDT

[#21]

Quoted:

What happens when I purchase something that is $2.96 and I give them $3.00?

They say "Thank you come again."

Posted: 2/14/2013 7:57:26 PM EDT

[#22]

Quoted:

Quoted:

What happens when I purchase something that is $2.96 and I give them $3.00?

Know how I know you're being sarcastic?

Because nobody is that stupid.

If the penny gets phased out...how do I get my .04 cents?

Posted: 2/14/2013 7:57:39 PM EDT

[#23]

NNNNOOOOOOOOO!!

What am I going to use to regulate my alcohol stove if they get rid of the penny?

Posted: 2/14/2013 7:58:23 PM EDT

[#24]

Quoted:
So what happens when I buy an item that comes out to $20.77? Do I eat the 3 cent loss, or does the store eat the 2 cent loss?

Clearly sales taxes will have to be raised so that never happens.

Posted: 2/14/2013 7:59:02 PM EDT

[#25]

Quoted:

Quoted:

What happens when I purchase something that is $2.96 and I give them $3.00?

Know how I know you're being sarcastic?

Because nobody is that stupid.

If the penny gets phased out...how do I get my .04 cents?

Credit Card.

Posted: 2/14/2013 7:59:17 PM EDT

[#26]

They'll just raise prices to land on the .05$

Posted: 2/14/2013 7:59:29 PM EDT

[#27]

you do realize that there is very little copper in the current penny, right?

Taken from coinflation.com

There are 0.0054 pounds of zinc and 0.0001 pounds of copper in $.01 face value of zinc cent(s).

» A roll of zinc cent(s) has 50 coins and is valued at $0.29 when zinc is at $0.9773 / lb and copper at $3.7141 / lb (exact value is $0.2881772457733).

Posted: 2/14/2013 7:59:59 PM EDT

[#28]

kill it

Posted: 2/14/2013 8:01:00 PM EDT

[#29]

Quoted:

Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00?

Know how I know you're being sarcastic?

Because nobody is that stupid.

If the penny gets phased out...how do I get my .04 cents?

You don't because you KNOW they aren't going to drop the price to $2.95... your ass will be charged $3.00, Everything will go up at least a penny overnight if it happens.

BTW.. we used to have half pennies (ha-pence if your a limey)

Posted: 2/14/2013 8:03:28 PM EDT

[#30]

Quoted:

Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00?

Know how I know you're being sarcastic?

Because nobody is that stupid.

If the penny gets phased out...how do I get my .04 cents?

The military has been doing it for years overseas. It's not rocket surgery.

Posted: 2/14/2013 8:05:09 PM EDT

[#31]

Quoted:
NNNNOOOOOOOOO!!

What am I going to use to regulate my alcohol stove if they get rid of the penny?

Better start stockpiling pre-ban pennies, hadn't you?

Posted: 2/14/2013 8:06:17 PM EDT

[#32]

Quoted:
What happens when I purchase something that is $2.96 and I give them $3.00?

Let me guess, you're the asshole who bitchs about your gas coming to $40.984? Gas has been charged to the tenth of a cent since a tenth of a cent was worth more than the current penny. No one had a problem with it.

A penny in 1940 would have been worth 16 cents today. We could kill off the nickel and the dime and we would still have smaller denominations than they had in 1940.

Posted: 2/14/2013 8:06:45 PM EDT

[#33]

Rather than get rid of a coin, they should get rid of a decimal point.

Dump the penny, nickel and quarter; keep the dime and re-size the half dollar for easier carry.

Posted: 2/14/2013 8:10:02 PM EDT

[#34]

Quoted:
Rather than get rid of a coin, they should get rid of a decimal point.

Dump the penny, nickel and quarter; keep the dime and re-size the half dollar for easier carry.

Never happen, it makes too much sense.

Posted: 2/14/2013 8:10:37 PM EDT

[#35]

lol, bad night to ask questions I see, did you guys have a bad valentines day?

Posted: 2/14/2013 8:12:04 PM EDT

[#36]

can we get rid of OP instead?

Posted: 2/14/2013 8:13:16 PM EDT

[#37]

OP you need a hobby,

can i suggest, fisting?

Posted: 2/14/2013 8:13:31 PM EDT

[#38]

Quoted:
So what about all those survivor penny squishing machines?

Gonna cost a dime now. Damn inflation.

Posted: 2/14/2013 8:14:02 PM EDT

[#39]

Quoted:
[snip]

<arfcom>
SHUT UP WITH YOUR QUESTIONS ALREADY!!
</arfcom>

FWIW I pondered the same thing but concluded a raise in prices. Not sure what the butthurt is for asking a question though..

Posted: 2/14/2013 8:15:37 PM EDT

[#40]

Quoted:

Quoted:
So what about all those survivor penny squishing machines?

Gonna cost a dime now. Damn inflation.

Meh, when those machines came out the penny was worth more than the current dime when you account for inflation.

ETA: I agree with zero one something. I must now seriously reconsider my opinion.

Posted: 2/14/2013 8:21:21 PM EDT

[#41]

Quoted:

Give us a $500 bill.

That will never happen, to easy to move large amounts of cash around.

Posted: 2/14/2013 8:21:56 PM EDT

[#42]

Quoted:
They'll just raise prices to land on the .05$

This. They already said that was exactly the plan after speaking to retailers.

Posted: 2/14/2013 8:22:47 PM EDT

[#43]

Quoted:
It's a start.

Get rid of the penny, dime and nickel.

Paper one and five dollar bills replaced with coins.

Give us a $500 bill.

It will be known as the "Obama".

Posted: 2/14/2013 8:24:08 PM EDT

[#44]

I don't mind the idea, but since FBHO proposed it, HELL NO!

Posted: 2/14/2013 8:24:50 PM EDT

[#45]

Meh. The dollar will soon take the place of the penny.

Posted: 2/14/2013 8:28:16 PM EDT

[#46]

I'm ok with that. It's a worthless denomination anyway. I hate getting them back as change and usually leave them in the take a penny leave a penny tray because I don't want them in my pocket to pick through if I'm trying to buy soda or what not.