A penny waived is a penny spurned [Canada ditches it]

Edmonton Journal. ^ | 5/5/2012 | Paula Simons

[kearnyirish2]

As a coin collector, you’d be surprised how many European countries (prior to the Euro) had already ditched all “cents” in their currencies. Italian Lira and Spanish Pesetas had already shed their fractional counterparts decades earlier; the smallest coins were simply lower denominations of the “dollar” unit.

[zeugma]

We need to do the same thing. Drop the penny, nickel, and dollar bill. Start printing $500, $1000, and $10000 bills while they are at it.

[bruinbirdman]

". . . . surprised how many European countries (prior to the Euro) had already ditched all “cents” in their currencies . . ."

Now the euro has "cents"?

yitbos

[Republican1795.]

Looks like inflation is set to rise based on that.

[kearnyirish2]

The Euro always had cents.

[gunsequalfreedom]

You know, a penny is a whole lot cheaper than a washer and it don't take much to punch a whole through the penny.

Don't use where a washer is critical but for most uses it works fine.

[HiTech RedNeck]

Round all prices to ten cent granularity?

That would also mean no more quarters.

[Freedom4US]

They will work, but I bet in many (most) applications there would be a corrosion problem. Zinc pennies (since 1982), and the prior copper pennies will form a crude kind of battery due to dissimilar metals in contact with each other in the presence of water.

[Graybeard58]

Start printing $500, $1000, and $10000 bills while they are at it.

That would make life easier for the drug cartels, the only people I know of who have to deal regularly with multi millions in cash on a daily basis.

[lowbridge]

I’m not worried. We Americans have a lifetime supply of Canadian pennies, stored away in the cash drawers of all the supermarkets across the country.

[lowbridge]

I’m not worried. We Americans have a lifetime supply of Canadian pennies, stored away in the cash drawers of all the supermarkets across the country.

[zeugma]

That would make life easier for the drug cartels, the only people I know of who have to deal regularly with multi millions in cash on a daily basis.

 Yeah, That's the standard propaganda line pf FedGov, so they can more easily track our spending. The drug war has so many useful properties for government, that it's little wonder that even committed marxists like obama won't do anything about it once they get a taste of how much power it grants them.

In 1935, a person could walk into a Ford dealership and purchase an automobile with a single bill that represented far more than the average person made in a year.  Given the inflation the government's spending policies have caused over the years, the largest denomination bill should probably be a $100,000.

Plenty of people use large amounts of cash for perfectly legitimate transactions.  The nanny state doesn't like it so much though, because it makes it harder for them to track our assets.

[zeugma]

The reason I think we should drop the nickel as well, is that according to federal minimum wage laws, a minute’s worth of work is worth at least a dime. Why should we have currency that is less than that?

[aruanan]

The reason I think we should drop the nickel as well, is that according to federal minimum wage laws, a minute’s worth of work is worth at least a dime. Why should we have currency that is less than that?

Thanks for a good example of the "does not follow" fallacy.

[gunsequalfreedom]

It all depends on the application requirements. The corrosion problem you rightly warn about is only a problem if the product being repaired will last longer than the negative effects of using a penny for a washer instead of a washer.

For example, in the case of a repair to a General Motors car, the penny will certainly outlast the car.

Chevy Vega

[ROCKLOBSTER]

The Vega wasn’t a bad car, once you put a real engine in it.

[gunsequalfreedom]

The Vega wasn’t a bad car, once you put a real engine in it.

...Or at least did the fix to put steel sleeves in the cylinder walls. But a penny, even today's bi metal ones, would certainly last longer than a quart of oil in the Vega engine (what was it, 50 miles to a quart of oil?).

The fix for the engine was a Chevy 350 or 327, by the way.

[ROCKLOBSTER]

The fix for the engine was a Chevy 350 or 327, by the way.

Yeah, that ought to cover it. The "towing package" right?

[gunsequalfreedom]

Actually, I think all that is left is the body after you drop the V8 in under the hood. Well, sort of, not all of the hood is left afterwards.