I believe there are some asian currencies that are divided in 20ths

Current Events » in reply to 0.125 = a piece o' eight.

TAFKASE — 3/20/2008 3:51:37 AM (archived)

For some reason the Singapore $ comes to mind...

All you do is round... and price items in $.05 incriments.

We already round for sales taxes... If the sales tax is 8% you got to buy something costing more than 6 cents before you pay your first 1 cent in sales tax...

The inly difference if we adopted a nickel minimum is that you would need to buy something costing more than $.60 before you paid your first $.05 in sales tax.

For all intensive purposes. We use pennies because people can't handle even the simplest of changes.

By the way: The first pennies were made of paper.

The whole thread (20 posts)

Steel Cents - podrock - 3/19/2008 5:41:19 PM
- Why not plastic pennies? (n/t) - gbaikie - 3/21/2008 6:50:57 AM
- It STEEL doesn't make SENSE... - nick hoffman - 3/21/2008 4:01:19 AM
- Correction: - podrock - 3/19/2008 5:45:30 PM
  - too bad we can't just do away with them - SDG - 3/19/2008 6:40:53 PM
    - No value to a penny. - podrock - 3/20/2008 2:38:30 AM
      - 1... huh! there's no cent sign on the keyboard any more. - alcaray - 3/20/2008 2:56:45 AM
        
        maybe the decimal place should be moved. - podrock - 3/20/2008 3:10:16 AM
        
        showoff! (n/t) - alcaray - 3/20/2008 5:18:33 AM
    - Then we'll have to make sure sales taxes, state and municipal, don't result in penny or nickel change. - Mary Anne - 3/19/2008 8:21:01 PM
      - "nickeled and dimed... - Fox - 3/21/2008 4:24:13 PM
    - We could certainly get rid of them. (n/t) - alcaray - 3/19/2008 7:55:32 PM
    - We don't need them... - TAFKASE - 3/19/2008 6:44:40 PM
      - 0.125 = a piece o' eight. - podrock - 3/20/2008 2:19:33 AM
        
        Aaaaargh! - ER - 3/20/2008 10:32:39 AM
        
        Thus: "in for a penny, in for a pound." (n/t) - podrock - 3/20/2008 2:00:55 PM
        
        I believe there are some asian currencies that are divided in 20ths - TAFKASE - 3/20/2008 3:51:37 AM
        
        Probably the British legacy - ER - 3/20/2008 10:35:50 AM
        
        Pennyweight - podrock - 3/20/2008 4:06:30 AM
        
        I was mistaken that the 1st pennies were paper...But... - TAFKASE - 3/20/2008 4:15:04 AM

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