Posted on 02/10/2025 11:33:30 AM PST by Red Badger
Three guesses…
Are they wheaties?
Of course not. I have some from the 1833 and a few half cents not in that bunch but nothing else of any real intrinsic value!
We still use pennies in my small town.
Do u think people will start saving their pennies? .. or throw them away?
The time wasted to find 1-4 pennies in your pocket exceeds the value of your time.
That doesn't sound like a lot for something that can last for decades and be reused thousands of times.
People are acting like a penny can only be used once, and then you have to mint a new one. Might just as well look at it that a penny is worth one cent every time it's spent, therefore after a penny has been exchanged a thousand times it has been worth ten dollars. Not bad for an investment of less than four cents.
Why produce it at a 75% loss? It’s still wasteful spending. The quantity produced with the various mints adds up.In 2023 they produced 4.5 billion of them. That doesn’t make cents...
Bad pun intended. That’s a lot of $
We should get rid of the nickel and replace the quarter with a thirty cent piece.
Then we could knock a decimal point off the system and you could always make exact change using 4 pieces or less.
We should do 1, 3, 10, 30, 100, 300, 1000 for bills too.
See post #49
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.