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Should the Government Stop Making Pennies?

Should The Government Stop Making Pennies?

  • Yes

    Votes: 12 60.0%
  • No

    Votes: 8 40.0%

  • Total voters
    20
The cost to produce a penny today with uprising and fluctuating metal prices (generally rising), it cost more than a penny to produce, obviously creating a deficit. According to snopes in 2006 it cost $1.23 to produce.
snopes.com: Penny Manufacture Cost
What do you think?

No, they shouldn't stop making pennies. Rather they should make cheaper pennies.
 
Capitalists don't want us to use cards? Really? I'm not so sure you could support that idea.
I wrote: If I use cash, private companies and the governments can’t track me as well.
I inferred that private companies would like to track us. Communists would like to also. See, I inferred an equate that is actually there.
 
The cost to produce a penny today with uprising and fluctuating metal prices (generally rising), it cost more than a penny to produce, obviously creating a deficit. According to snopes in 2006 it cost $1.23 to produce.
snopes.com: Penny Manufacture Cost
What do you think?

I went to the site you noted, snopes.com: Penny Manufacture Cost and found the claim that a penny costs 1.23 cents to produce. About the same I found elsewhere. So what is your game with your $1.23 per penny?
 
They could, but what's the point? Why not just get rid of a denomination of currency that is no longer necessary? We've done it before. We had half-cent pieces until 1857. I'm all in favor of eliminating the penny...and maybe the nickel too.

They also had two and three cent coins, half dimes as well 20 cent coins. So I do not think they got rid of the 1/2 cent because people thought they were a useless denomination or unnecessary when you consider that in 1857 a half penny would have been the equivalent of 12 cents. I occasionally collect coins. People use pennies. People save pennies, people still buy things with saved up pennies, to a lot of people every little penny counts and they do not want their change rounded off or what they pay to be rounded off and it obviously must be enough people doing it in order for the government to still be making pennies.
 
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I wrote: If I use cash, private companies and the governments can’t track me as well.
I inferred that private companies would like to track us. Communists would like to also. See, I inferred an equate that is actually there.

And then you wrote:

Only communists would like us to use cards or checks.

Perhaps that was just a Sarah Palin moment.:mrgreen:
 
Pennies are more a nuisance than they are useful. Still, if I could only get just one from everyone in the US, I'd have three million dollars.
 
Because its fun to take pennies to a clerk and watch them get pissed.
 
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