According to some accounts it takes 8/10 penny to mint 1 penny. There's not much of a margin there. I for one never pick up pennies. I start picking up coins when they are dimes. However by letting pennies be thrown away instead of keeping them in circulation means the feds will have to keep minting more. Maybe they would anyway, I don't know. I have heard some good arguments for phasing out ol' Abe, but I don't think we could handle the thought of not being able to break a dollar into it's 100 parts. Rounding to the nickel is a hard concept, and I bet many Americans would see it as a plot to increase profits of corporations. One day when all money is just numbers in a bank account we will have finally outgrown the penny, but not yet.
-Steve G.
Current Events » in reply to Not me! Finders Keepers...Losers Weepers!
can we afford to not pick up pennies?
The whole thread (31 posts)
- An incident to contrast with the U.N. looting incident
- Woman returns library book 94 years past due.
- Re: "Small wonder it's becoming more prevalent"
- Not me! Finders Keepers...Losers Weepers!
- I had a fun incident last summer
- I have had some similar incidents.
- :even us liberals can be honest