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return2ozma@lemmy.world to News@lemmy.world · 20 hours ago

Stop making cents: US Mint moves forward with plans to kill the penny

apnews.com

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  • cross-posted to:
  • usnews@beehaw.org
  • economy@lemmy.world
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Stop making cents: US Mint moves forward with plans to kill the penny

apnews.com

return2ozma@lemmy.world to News@lemmy.world · 20 hours ago
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117
fedilink
  • cross-posted to:
  • usnews@beehaw.org
  • economy@lemmy.world
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.
  • Pyr@lemmy.ca
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    17 hours ago

    It’s the same issue with the penny, you round up or round down.

    If you have no penny, when taxes on your item make the total equal to $5.03, you pay $5.05. if the total is $5.02 you pay $5.00.

    • IamSparticles@lemmy.zip
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      3 hours ago

      Sure, but the rounding errors become a lot bigger if you get rid of the nickel.

    • HowAbt2morrow@futurology.today
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      17 hours ago

      Turn the dime into 12.5 cents.

      • rc__buggy@sh.itjust.works
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        14 hours ago

        Bring back the bit!

        The more I think about it, the more I like it:

        • Eliminate the Penny, Nickel, and Dime
        • Bring back Old West nomenclature
        • IT’S AMERICAN AS FUCK!
        • Will drive the metric nerds absolutely batshit. “Of course we have an eighth* of a dollar, why would we use decimal?!”

        * I think just the spelling of eighth will spin eurotrash into a tizzy

        • Archer@lemmy.world
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          1 hour ago

          The problem with this proposal is that it could start circulating on Xitter and then become actual policy

        • RestrictedAccount@lemmy.world
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          15 hours ago

          🎶Shave and haircut, two bits🎵

          • rc__buggy@sh.itjust.works
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            15 hours ago

            https://www.youtube.com/watch?v=z8leYVnk6Gw

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