View Poll Results: Should The Government Stop Making Pennies?

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  • Yes

    14 60.87%
  • No

    9 39.13%
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Thread: Should the Government Stop Making Pennies?

  1. #1
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    Should the Government Stop Making Pennies?

    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.
    http://www.snopes.com/business/money/pennycost.asp
    What do you think?
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    Re: Should the Government Stop Making Pennies?

    I voted no. I do think the government should significantly reduce the amount of pennies it mints. Coins after all last a lot longer than paper money.
    Last edited by jamesrage; 06-15-11 at 03:34 PM.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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    Re: Should the Government Stop Making Pennies?

    i think they should stop it... saves more government spending

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    Re: Should the Government Stop Making Pennies?

    Quote Originally Posted by celticwar17 View Post
    i think they should stop it... saves more government spending
    Or they could find a way to make a penny cheaper like they have before when the price of copper rose.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  5. #5
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    Re: Should the Government Stop Making Pennies?

    Quote Originally Posted by jamesrage View Post
    I voted no. I do think the government should significantly reduce the amount of pennies it mints. Coins after all last a lot longer than paper money.
    How long it lasts doesn't really matter when it's something as worthless as a penny though.
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    Re: Should the Government Stop Making Pennies?

    Quote Originally Posted by jamesrage View Post
    Or they could find a way to make a penny cheaper like they have before when the price of copper rose.
    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.
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    Re: Should the Government Stop Making Pennies?

    Since it's all fake value anyway, does it really matter?
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    Re: Should the Government Stop Making Pennies?

    I think the Congress should pass a law that allows vending machines to accept pennies
    Last edited by StillBallin75; 06-15-11 at 05:33 PM.
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    Re: Should the Government Stop Making Pennies?

    We should switch to bitcoins.

  10. #10
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    Re: Should the Government Stop Making Pennies?

    Quote Originally Posted by Viktyr Korimir View Post
    We should switch to bitcoins.
    The druglord currency? Not a chance.
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