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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
Link Posted: 2/14/2013 7:43:57 PM EDT
Originally Posted By TangledThorns:
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


Link Posted: 2/14/2013 7:44:33 PM EDT
This bullshit gets posted every year.
Link Posted: 2/14/2013 7:44:52 PM EDT
FBHO
Link Posted: 2/14/2013 7:44:54 PM EDT
My brain hurts
Link Posted: 2/14/2013 7:45:11 PM EDT
So what about all those survivor penny squishing machines?
Link Posted: 2/14/2013 7:45:13 PM EDT
"A penny earned is a penny..."

Wait, they let us raise the debt ceiling again?

"A nickel earned is a nickel saved."


Link Posted: 2/14/2013 7:45:46 PM EDT
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.
Link Posted: 2/14/2013 7:45:57 PM EDT

Originally Posted By HKHamartia:
Originally Posted By TangledThorns:

copper




Link Posted: 2/14/2013 7:46:14 PM EDT
We just actually, and for real, got rid of the penny up here in Canada... Feb 4th...
Link Posted: 2/14/2013 7:48:09 PM EDT
Originally Posted By MACD:
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.
Link Posted: 2/14/2013 7:48:20 PM EDT
I'd love to get rid of the penny.

Link Posted: 2/14/2013 7:48:38 PM EDT
[Last Edit: 2/14/2013 7:49:07 PM EDT by TechGal26]
One cent penny? Because there is all of the other $ denomination pennies?
Link Posted: 2/14/2013 7:48:45 PM EDT
Why does your info say USA


Dammit if your american what are you doing in canada?!!
Link Posted: 2/14/2013 7:50:00 PM EDT
Originally Posted By HKHamartia:
Originally Posted By TangledThorns:

copper




Link Posted: 2/14/2013 7:50:39 PM EDT
Canada just did the same thing.
Link Posted: 2/14/2013 7:52:31 PM EDT
[Last Edit: 2/14/2013 7:53:15 PM EDT by Mach]
So now Obama wants to ban pennies!


Will this ban shit never stop?
Link Posted: 2/14/2013 7:53:06 PM EDT
Link Posted: 2/14/2013 7:53:35 PM EDT
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?
Link Posted: 2/14/2013 7:53:55 PM EDT
What happens when I purchase something that is $2.96 and I give them $3.00?
Link Posted: 2/14/2013 7:55:56 PM EDT
Originally Posted By RolandBozz:
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.
Link Posted: 2/14/2013 7:56:20 PM EDT

Originally Posted By RolandBozz:
What happens when I purchase something that is $2.96 and I give them $3.00?

They say "Thank you come again."
Link Posted: 2/14/2013 7:57:26 PM EDT

Originally Posted By Recusance:
Originally Posted By RolandBozz:
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?

Link Posted: 2/14/2013 7:57:39 PM EDT
NNNNOOOOOOOOO!!

What am I going to use to regulate my alcohol stove if they get rid of the penny?
Link Posted: 2/14/2013 7:58:23 PM EDT
Originally Posted By Caboose314:
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.
Link Posted: 2/14/2013 7:59:02 PM EDT

Originally Posted By RolandBozz:

Originally Posted By Recusance:
Originally Posted By RolandBozz:
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.
Link Posted: 2/14/2013 7:59:17 PM EDT
They'll just raise prices to land on the .05$
Link Posted: 2/14/2013 7:59:29 PM EDT
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).
Link Posted: 2/14/2013 7:59:59 PM EDT
kill it
Link Posted: 2/14/2013 8:01:00 PM EDT
Originally Posted By RolandBozz:

Originally Posted By Recusance:
Originally Posted By RolandBozz:
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)
Link Posted: 2/14/2013 8:03:28 PM EDT
Originally Posted By RolandBozz:

Originally Posted By Recusance:
Originally Posted By RolandBozz:
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.
Link Posted: 2/14/2013 8:05:09 PM EDT
Originally Posted By Trekingjedi:
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?
Link Posted: 2/14/2013 8:06:17 PM EDT
[Last Edit: 2/14/2013 8:13:54 PM EDT by scottedward58]
Originally Posted By RolandBozz:
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.
Link Posted: 2/14/2013 8:06:45 PM EDT
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.
Link Posted: 2/14/2013 8:10:02 PM EDT
Originally Posted By TokerM:
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.
Link Posted: 2/14/2013 8:10:37 PM EDT
lol, bad night to ask questions I see, did you guys have a bad valentines day?
Link Posted: 2/14/2013 8:12:04 PM EDT
can we get rid of OP instead?
Link Posted: 2/14/2013 8:13:16 PM EDT
OP you need a hobby,

can i suggest, fisting?

Link Posted: 2/14/2013 8:13:31 PM EDT
Originally Posted By Chaingun:
So what about all those survivor penny squishing machines?


Gonna cost a dime now. Damn inflation.
Link Posted: 2/14/2013 8:14:02 PM EDT
[Last Edit: 2/14/2013 8:14:32 PM EDT by TechGal26]
Originally Posted By RolandBozz:
[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..
Link Posted: 2/14/2013 8:15:37 PM EDT
[Last Edit: 2/14/2013 8:17:08 PM EDT by scottedward58]
Originally Posted By retgarr:
Originally Posted By Chaingun:
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.
Link Posted: 2/14/2013 8:21:21 PM EDT

Originally Posted By MACD:


Give us a $500 bill.

That will never happen, to easy to move large amounts of cash around.
Link Posted: 2/14/2013 8:21:56 PM EDT
Originally Posted By TechGal26:
They'll just raise prices to land on the .05$


This. They already said that was exactly the plan after speaking to retailers.
Link Posted: 2/14/2013 8:22:47 PM EDT
Originally Posted By MACD:
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".
Link Posted: 2/14/2013 8:24:08 PM EDT
I don't mind the idea, but since FBHO proposed it, HELL NO!
Link Posted: 2/14/2013 8:24:50 PM EDT
Meh. The dollar will soon take the place of the penny.
Link Posted: 2/14/2013 8:28:16 PM EDT
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.
Link Posted: 2/14/2013 8:28:19 PM EDT
Yes, what better way to prove our faltering economy.

Roll out the $1,000 bills while raising minimum wage by $2. What a great idea.
Link Posted: 2/14/2013 8:28:25 PM EDT
Originally Posted By DanTSX:
OP you need a hobby,

can i suggest, fisting?

http://www.yuppiepunk.org/images/fisting8.jpg


Fisting the crack again I see!
Link Posted: 2/14/2013 8:28:43 PM EDT
Pennies used to be worth something. Now they aren't worth squat thanks to the horrific monetary policy that this country is embracing.
Link Posted: 2/14/2013 8:29:35 PM EDT
Bye bye Lincoln!
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