Should we get rid of the US penny?

Total votes: 2895

Your Comments, Thoughts, Questions, Ideas

Anonymous's picture
Anonymous says:

For all of you that want to kill the penny, if you think they are worthless if you live in san diego county i will be more than happy to take them off your hands. You want to give away free money i will take it.

posted on Sat, 09/20/2008 - 12:49am
Aaronk1979's picture
Aaronk1979 says:

I'm not a big fan of pennies, they dont have a spot in my car coin collecting slots, they smell and taste funny and I always put them in the take a penny containers at gas stations... but what would we throw in fountatins for good luck and what would we use to power those little racers?? Let's keep them until we are all paying for stuff with eyeball scans.

posted on Wed, 10/01/2008 - 2:28pm
Jackie Rabideau's picture
Jackie Rabideau says:

lol, good one! Why were you tasting pennies?

posted on Wed, 10/15/2008 - 12:26pm
Anonymous's picture
Anonymous says:

Yeah, why were you tasting pennies anyway?

posted on Sun, 04/18/2010 - 11:31am
amazing Zoie's picture
amazing Zoie says:

i think that we should get rid of the penny beause it cost more to make then what is is worth. But it is an important part in american history.

posted on Wed, 10/08/2008 - 10:29pm
Doctor Bob's picture
Doctor Bob says:

KeepKeepKeep
600 million dollars per year of more spending for rounding up if we get rid of penny.
Around 100 dollars per year for each person.
We might as well get rid of nickel as well because it also costs more than its worth to produce
Also, charities will lose millions and millions of dollars per year for the loss of pennies...
2/3 of americans say keep according to recent poll
Blah Blah Blah
Bunch of other stuff im too lazy to post as well...
Meh

posted on Mon, 10/13/2008 - 11:47am
Gene's picture
Gene says:

I don't understand how losing the penny will lead to increased spending. People will continue to buy the same amount of stuff. The price they pay will be rounded to the nearest nickel. Half the time the price will be rounded up; half the time it will be rounded down. (This already happens with sales tax and gasoline prices--check your receipts if you don't believe me.) In the end, it's a wash.

There are approximately 300 million people in the US. Even if it were true, an extra $600 million in spending would work out to only $2 per person per year.

I agree -- let's lose the nickel, too, and round off to the nearest dime. Again, there will be no difference in spending over the long run.

posted on Wed, 10/15/2008 - 9:00am
Anonymous's picture
Anonymous says:

Thats ludicrous. why dont we just get rid of coins and have dollar bills. or better yet lets just use hundred dollar bills. If we get rid of the penny then we are getting rid of a important history in the USA

posted on Wed, 10/15/2008 - 1:49pm
Anonymous's picture
Anonymous says:

I say that the governmant should stop making the penny but keep the ones already made in ciculation and wait until it dies out.

posted on Mon, 05/10/2010 - 4:56pm
Anonymous's picture
Anonymous says:

well your wrong

posted on Mon, 02/18/2013 - 12:50pm
autumn's picture
autumn says:

i agree we should just have paper money

posted on Thu, 10/16/2008 - 5:17pm
MnMom's picture
MnMom says:

In Australia their currency is fairly simliar to ours, but they don't have pennies. They still have things priced at $1.98 and still have sales tax but at the end of the transactions the total is rounded up or down to the nearest five cents. At first when we were there it felt strange to not have pennies, but after a very short time we realized how nice it was. At the end of the day, it all evens out. They also don't have $1 bills. They have $1 and $2 coins. Their smallest coins were worth the most money, so carrying several dollars in change didn't really weigh that much. (I think we had less total number of coins in our pockets, but it was worth more.)

I think it makes a ton of sense to quit minting pennies and make sure it is considered legal for trade to round up and down to the nearest nickle. Let the pennies that are still in circulation keep circulating if people want to use them, just don't waste money making more. I think we need to make potical and economic decisions in a rational logical manner, not based just on emotion and nostalgia.

posted on Mon, 10/13/2008 - 2:53pm
Reina's picture
Reina says:

So - what if someone decided they wanted to cash out on a stock or even a bank account that accumulated interest...how would you account for the cents if it doesn't round to a nickel?
makes sense to keep the penny...

posted on Mon, 10/13/2008 - 10:56pm
Gene's picture
Gene says:

Everything rounds to a nickel. You merely add a couple cents (or subtract a couple cents) to get to the nearest number ending in 5 or 0.

posted on Wed, 10/15/2008 - 8:53am
Thor's picture
Thor says:

Here's a link to a report – wink, wink – about a new half-penny being proposed in honor of Pres. George W. Bush.

posted on Wed, 10/15/2008 - 9:30am
chang's picture
chang says:

keep the penny.

posted on Wed, 10/15/2008 - 11:18am
Ahus1102's picture
Ahus1102 says:

No because if we get rid of the penny it is forgeting everything that we had

posted on Wed, 10/15/2008 - 11:27am
Mikinaak's picture
Mikinaak says:

what will happen to seven cents or 67 cents! everything will have to altered to be in multiples of 5!

posted on Wed, 10/15/2008 - 4:13pm
Mikinaak's picture
Mikinaak says:

like the tax will be crazy if we lost the penny!ohh no!

posted on Wed, 10/15/2008 - 4:15pm
wraithdrudge's picture
wraithdrudge says:

no because without pennies what would i use to pay the foreigner that mows my lawn?

posted on Wed, 10/15/2008 - 4:40pm
wraithdrudge's picture
wraithdrudge says:

just kidding!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

posted on Wed, 10/15/2008 - 4:40pm
lmoran's picture
lmoran says:

no, not the penny!!!

posted on Mon, 10/20/2008 - 7:54pm
ltha1001's picture
ltha1001 says:

You know, they shouldn't get rid of pennies. Because dude, what if you went and buy something at the store, it costs you $3.07 and u give them $3.10. you would get .03 cents back, so whats the point? it would be out of balance if they do take the pennies out. No i disagree, no pennies should be taken away.

posted on Wed, 10/22/2008 - 9:54am
cravent's picture
cravent says:

Get rid of the penny. It's a waste of money to make them and it is a nuisance to have to use them. Just round everything to the nearest nickel.

Heck, we might as well round to the nearest Quarter, and get rid of the nickel and dime as well. Nothing costs less than a quarter these days.

posted on Wed, 10/22/2008 - 10:30am
Anonymous's picture
Anonymous says:

in my class were having a debate about it and i chose the keep the penny side

posted on Mon, 11/03/2008 - 11:39am
Tabitha Kastner's picture
Tabitha Kastner says:

I like being able to make exact change.

posted on Mon, 11/03/2008 - 2:05pm
Gene's picture
Gene says:

But you can't make exact change now. My local service station is selling gas for $2.189 / gallon. If I buy 5 gallons, that's $10.94...and 1/2 cents. I can't pay 1/2 cents, so I have to pay $10.95. (If I buy 6 gallons, the cost is $13.134, and I would only pay $13.13.)

Same thing with sales tax -- your actual bill is calculated to 1/10th or 1/100th of a penny, and they just round off.

posted on Mon, 11/03/2008 - 10:15pm
Anonymous's picture
Anonymous says:

In risking repeating what has already been said....

With such a rich and interesting history, why would anyone want to eliminate the penny from circulation? The answer is simple—despite its history, the one-cent coin has outlived its use, and no longer holds an important economic place in our country. For how many people can honestly say they enjoy having their pockets filled with the cumbersome coins? They are not easily spent or got rid of, and many would gladly donate them in the little boxes so conveniently placed at many registers.
Many fear that with the elimination of the penny, prices would rise, taxes would follow, and overall, our economy would take a turn for the worse. However, these fears are for the most part, baseless. For other countries have already done away with their smallest coin, with little or no harmful effects on their economies. For example, in 1989, New Zealand eliminated their penny and two cent penny; in 1991 they replaced their lowest paper currency with coins, and finally in 2006 eliminated the nickel, all without significant problems in commerce.
But New Zealand isn’t the only country that has eliminated a useless coin. Unknown to many, the United States at one point had a half-cent coin. In 1857 it had the purchasing power of “well over ten cents” which, upon eliminating it, would approximately be equivalent to the elimination of the dime in present times. There were several reasons why the Mint stopped producing the half-cents. Two of the most prominent reasons being, it cost more than face value, secondly it was considered so small a fraction that the coin was unnecessary. Our present one-cent coin shares both of these traits, and yet it still remains in circulation, despite the signs showing us it’s time for it to retire.

posted on Mon, 11/17/2008 - 10:20pm
Tiffany Monique's picture

I think we should keep the penny but then i think about it and it's useless. ={

posted on Thu, 11/20/2008 - 4:43pm
Anonymous's picture
Anonymous says:

hehe, you have a moushtash...

posted on Wed, 12/09/2009 - 3:52pm
Anonymous's picture
Anonymous says:

The penny is the greatest thing ever to happen too currency - the fact that people don't agree that it's ultimate makes me sick - I puke every where when I read these comments about hating pennies.

PENNIES FOREVER <3

posted on Sat, 12/06/2008 - 4:11pm
Anonymous's picture
Anonymous says:

I know a person who has a phobia of pennies. Every time he has odd change, he won't touch it; he tells them to keep it or put it in their tip jar. I asked him what was so frightening of copper lincolns, and he said that money should not taste like metal, and it should not be bronze. I know, I don't get it either. But I dont think we should get rid of them. Pennies are cooool

posted on Sun, 12/07/2008 - 3:23pm
Anonymous's picture
Anonymous says:

we're doing a project on this thanks for the material

posted on Mon, 12/08/2008 - 7:16pm
Anonymous's picture
Anonymous says:

I THINK WE SHOULD KEEP IT
:]
HATERZ ARE JUST HATERZ
:DONT HATE APPRECIATE

posted on Fri, 01/23/2009 - 9:31pm
kewlkat54's picture
kewlkat54 says:

All the people for getting rid of the penny have valid reasons for doing so. All of the people that want to keep the penny can't seem to come up with a good reason for keeping it other than the fact that they like it. It is costing us money to make them. I don't know how much clearer this can get.

posted on Sat, 01/24/2009 - 6:24pm
Anonymous's picture
Anonymous says:

The penny costs more to make than a penny. In any economy, it does not make sense to produce currency at a cost higher than it's face value.

posted on Sun, 01/25/2009 - 1:45pm
fifi230's picture
fifi230 says:

i think that they shouldnt get rid of pennies. it would be so weird without them...

posted on Sun, 01/25/2009 - 4:19pm
Anonymous's picture
Anonymous says:

I use the penny all the time at the grocery store on the little horsse rides that cost 1 cent. I think that they should just stop making them and we can still use them if we have them. People can still collect them and make a great frame with a penny in it if they so choose to remember President Lincoln's face.

posted on Wed, 02/04/2009 - 9:08pm
Anonymous's picture
Anonymous says:

i see pennies all the time. are they really that awesome? i say nay. its too annoying cause theyre too common. its just common "cents" :D

posted on Wed, 02/25/2009 - 10:09pm
Anonymous's picture
Anonymous says:

well think about it, if we got rid of it, taxes would either go up or down, do you realy wanna take that chance? and what about the price of food do you think the U.S. is nice enough to round DOWN prices? YEAH RIGHT!

posted on Tue, 03/10/2009 - 6:20pm
zohn's picture
zohn says:

i know someone out there is melting pennies for profit because the metal is more valuble than the face value of the coin.

posted on Thu, 03/26/2009 - 12:18pm
Anonymous's picture
Anonymous says:

it is un fair because people who are melting the pennies get more money with them. If we do still have pennies they should be worth more than one cent of course! Besides not many people care about pennies. When I buy something I don't care if they don't give me a couple of pennies back. And I think it would be weird if someone did!

posted on Thu, 03/26/2009 - 1:38pm
curious's picture
curious says:

umm...i do actually. because every penny does count...maybe i'm just super economically saving-gal...i don't have enough money to waste or give away...penny or dollar....i mean no one else goes around handing me pennies and dollars for free...
and i worked hard to earn every "penny" of that money, so yes, please give me my correct change back, even to the last penny.

on the other hand, yes, if it costs more to make the penny than what the coin is actually worth, then there is no reason in making it...doesn't help our economy.

posted on Thu, 03/26/2009 - 4:49pm
tony serporno's picture
tony serporno says:

lets stop making the penny for a few years and use the ones we already have,noone will notice that they stop making them,that way you can make everyone happy,you save money and the people who love them can still spend them.think about it if they stop making the penny for 5 years would anyone really notice,its not like their is a shortage of them they make billions of them every year.there is hundreds of billions of pennies out there who's gona notice if they stop making them for a few years,noone i know.

posted on Thu, 03/26/2009 - 3:39pm
Anonymous's picture
Anonymous says:

stop making them but use the ones we have already..

posted on Thu, 03/26/2009 - 3:45pm
Anonymous's picture
Anonymous says:

No way! The penny, even though some might think otherwise, is very important to our economy. Even though it takes a lot of them to equal something big, they contribute a lot to our economy. It's true when people say every cent counts. It really does and there's no way to get around that. Maybe for some rich person up in a high rise it doesn't count as much, but down in the middle and poorer classes it does.

posted on Thu, 03/26/2009 - 5:01pm
Anonymous's picture
Anonymous says:

what you say is ridiculous, even a homeless person doesn't want of your pennies

posted on Wed, 12/15/2010 - 10:31pm
Anonymous's picture
Anonymous says:

pennys are very useful in tax on purchases, since that usually comes out at some odd 7 cent. We can only do that if we follow Groucho Marx's "7 cent nickle" idea (anyone ever seen "Animal Crackers?)

posted on Thu, 03/26/2009 - 7:33pm
Anonymous's picture
Anonymous says:

Removal of the penny could cause hyperinflation, using the logic that you remove the penny you would also remove the nickel because it costs 6.25c to produce. It would cause charitable organizations to lose funds. The poor would be lost. We could simply make our pennies out of steel so they would be cheaper to produce.

In a study done by Raymond E. Lombra at pensylvania university 82.5% of transactions in the basic store, the digits in the price end with a "9". This would mean that the buyer would end up spending more because of a roundup in prices, in the US this would add up to a whopping $300,000,000 a year.

posted on Fri, 04/24/2009 - 4:45pm
Gene's picture
Gene says:

1) "Hyperinflation" is vaguely defined, but is generally considered to be at least a 100% increase in prices over a maximum of three years. That works out to a 26% annual inflation rate.

If every item in every store cost exactly 9 cents, and the price was raised to 10 cents, that would work out to an inflation rate of just 11%, well below the minimum threshold.

Of course, most items do not cost 9 cents. An item that cost 99 cents would round up to 1 dollar, an inflation rate of 1.1%. An item that cost $29.99 would round up to $30, a rate of 0.0003%. And so on.

The same holds true for nickels. Yes, something that cost 5 cents would see its price double to 10 cents. But very little in this country costs only 5 cents. More likely, you'll see something that costs $9.95 go up to $10, an inflation rate of one-half of one percent. And for more expensive items, the rate drops even lower.

And, of course, something that costs 94 cents would, when rounded to the nearest nickel, cost 90 cents -- a 4% decrease. The roundings up and the roundings down would cancel each other out.

2) Do you have a citation for Dr. Lombra's research? I could not find it. (Though I did find his Senate testimony.) However, the way you describe it, it sounds like the Dr. made a couple rather fundamental errors. Yes, the overwhelming majority of items for sale have prices that end in "9" -- $5.99, or $29.99, etc. But that is not what you pay at the register. You have to add sales tax. That alters the price, and the final bill can end in any number.

(In fact, sales taxes are already calculated to one-tenth or one-one hundredth of a cent, and rounded off to the nearest penny. Half the time it rounds up; half the time it rounds down. Check your receipts. The same would hold true in rounding to the nearest dime or nickel.)

Finally, most people do not buy just one item. They buy many different amounts. The final bill ends in "9" as often as it ends in any other number.

3) As I have noted before, you would round down as often as you would round up, so there would be no net cost to the consumer. But even if we were to take the $300,000,000 cost at face value, that works out to less than $1 for every man, woman and child in America. The savings to the government would be considerably larger, and offset this theoretical "cost."

4) Steel coins would not work in vending machines, which use magnets to remove slugs.

posted on Fri, 04/24/2009 - 5:59pm
emilia flowers's picture
emilia flowers says:

i love the penny but it is a waste because no one likes pennys in their pocket...... but you should keep it for history sake

posted on Sun, 04/26/2009 - 3:18pm
Anonymous's picture
Anonymous says:

i think that we should not keep the penny. they always get in my way.pennies go.

posted on Mon, 04/27/2009 - 10:38am
Anonymous's picture
Anonymous says:

Until FDR robbed U.S. citizens of THEIR gold, the paper dollar was a receipt for 1/20th ounce gold, held in trust by the government. Value today (2009) $50.

Until silver coins disappeared in 1965, a dollar could be exchanged for .715 ounces of silver. Value today $14.

Until copper cents disappeared in 1982, a dollar could be exchange for such cents, value today about $1.80.

Look up the per-ounce price of gold, silver, copper, nickel, zinc for the date you pick.

When the dollar was a RECEIPT for gold, silver, copper, and nickel coins had value only because they could be converted into dollars with gold value.

Today... the dollar only has such pitiful value as being able to exchange it for "pot metal" (zinc) or nickel, or whatever some sucker is willing to sell to you. Is it the DOLLAR that is useless and dead, not pennies.

Uncle owes on the books $12 trillion, another $23.7 trillion signed during early 2009 to be spent in 2010 and 2011 (it will have to be borrowed, or printed from thin air...) and almost $100 trillion in off the books debt, promises Uncle made without bothering to make any investment to cover the obligations.

At the moment, were it not for the weight, I'd rather have all my pay in pennies, even the ones made of zinc.

posted on Thu, 10/22/2009 - 10:51pm
Anonymous's picture
Anonymous says:

Pennies should not be taken out from use, or even abolished, so long as the U.S. has sales taxes that cause prices to be given in odd amounts. Other countries have successfully removed their pennies (or similar coins) from circulation because they have uniform taxes and laws that can enforce fair rounding practices, but the U.S. legal system isn't set up that way.

A number of analyses have shown that prices would all tend to round upwards, rather than going half up and half down, because stores would be afraid to lose money on single items.

Pennies are a problem because they are needed in enormous numbers due to odd-amount pricing and the lack of any denomination between a penny and a nickel - about half of the mint's production each year is pennies. The U.K. and E.U. solved the problem by making 2-cent pieces. That way you never need more than one penny to make change, and their mints only make about 1/3 as many pennies or 2-cent coins. However the U.S. has consistently rejected plans to make 2-cent coins, for no apparent reason other than tradition.

posted on Wed, 12/09/2009 - 3:52pm
Anonymous's picture
Anonymous says:

IT costs more than it is. we shouldn't keep them. they are easy ot lose . it takes way too much room in our wallets. jsut get rid of it.

posted on Wed, 03/10/2010 - 12:15pm
Anonymous's picture
Anonymous says:

Yes. Yes, we should. IT IS WORTHLESS! It cost more make one than it's face value.

posted on Sun, 04/18/2010 - 11:26am
Anonymous's picture
Anonymous says:

I think the Penny is a valuble and commemorative piece that honors President Lincoln. Stopping the penny would be like tearing down manny little tiny lincoln memorials (metaphoricly speaking).

posted on Mon, 04/19/2010 - 11:07pm
Anonymous's picture
Anonymous says:

I think we should get rid of currency altogether.
Here are some articles to make my case:
http://baldwinsworld.com/2010/04/28/get-rid-of-cash-and-coins-save-our-c...

posted on Thu, 04/29/2010 - 8:50pm
Anonymous's picture
Anonymous says:

"You may be interested to know that the penny is the most widely used denomination currently in circulation and it remains profitable to make. Significantly, it is Congress that determines the denominations of coins that the Mint must produce and put into circulation. Each penny costs .81 of a cent to make, but the United States Mint collects one cent for it. The profit goes to help fund the operation of the United States Mint and to help pay the public debt. In 2000, this profit added up to about $24 million. As the United States Mint produces the coins that Congress mandates, it does not have the authority to abolish a unit of currency. If directed to do so by legislation enacted by the Congress and signed by the President, the Treasury Department would again study phasing out the penny. Because the demand exists and the Federal Reserve Banks require inventories to meet the demand, the United States Mint is committed to producing the penny."

"FAQs: Coins." Treasury's Learning Vault. United States Department of the Treasury, n.d. Web. 3 May 2010. .

posted on Mon, 05/03/2010 - 6:49pm
Anonymous's picture
Anonymous says:

"The individual cost of producing the one cent and five cent coins once again exceeded their face value. It cost 1.62 cents to produce each penny and 6.03 cents to produce each nickel. The amount of seigniorage lost through the production of the cent was $19.8 million with an additional $2.2 million lost on the nickel."

http://news.coinupdate.com/us-mint-circulating-coin-shipments-fall-0123/

posted on Mon, 10/18/2010 - 11:19pm
Anonymous's picture
Anonymous says:

we shouldd keep the penny taxes will go upp andd you'll destroy a important part of history if youu get rid of it .

posted on Tue, 11/02/2010 - 7:31pm
Anonymous's picture
Anonymous says:

don't get rid of the penny, it is awesome also it honors our best pres. honest Abe !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
abe is cool!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

posted on Thu, 12/09/2010 - 1:03pm
Anonymous's picture
Anonymous says:

I think the government should stop making them but still have them in circulation.

posted on Fri, 02/04/2011 - 11:42am
Not your name's picture
Not your name says:

You no what for all you haters out there we need to keep the penny cause what if u by something for 11 cents and you only have ten cause you voted to get rid of the penny then your sos out of luck!!

posted on Mon, 02/28/2011 - 1:52pm
YoMamma's picture
YoMamma says:

I think we should definately get rid of the penny. It costs the U.S. $130 million to makee $80 million in pennies. The U.S. loses $5o million a day just to make pennies.

posted on Sun, 03/06/2011 - 11:20am
vianey's picture
vianey says:

i know you may not think what will happen when the penny is retired so here are some things to see be for you vote yes to ge Americans love their pennies and hate to change things. Americans are traditionalists and the Lincoln Cent is the epitome of modern day circulating coin tradition. the poor pay the most - A corollary to the above argument says that the poor will be affected the most, because they are most likely to make more frequent, smaller purchases, thus suffering the rounding up more often.

Charities need pennies - There are thousands of small charities that depend on penny drives to bring in donations. People think nothing of pouring out their old penny jars to support these drives, but they won't part with nickels so easily. If we eliminate the penny, everything will have to be rounded to the nickel. - A corollary to the above argument says that the poor will be affected the most, because they are most likely to make more frequent, smaller purchases, thus suffering the rounding up more often.t rid of the penny.thank you for reading.bye

posted on Tue, 03/22/2011 - 11:27pm
elizabeth nunez's picture
elizabeth nunez says:

i think they shouldnt get rid of the pennies because the cost of eveything will go up!!!!!!!♥

posted on Thu, 05/05/2011 - 12:50pm
Anonymous's picture
Anonymous says:

The penny is an important part of our nation's history, getting rid of it would only throw our country into a turmoil, as the price of everything will go up.

posted on Sun, 05/29/2011 - 9:13pm
PennyToby's picture
PennyToby says:

We need the penny!
What else could I collect from the street to make some extra dollars :( . But honestly, how to pay uneven bills , or 0.99$ ? These prices can not simply be rounded up as it would be a marketing disaster to suddenly pay a full $ for something that was just .99$ before.

However, I like pennies and every now and then I am happy to find one on parking lots :) . For detailed information about my penny addiction:

http://saveadollarearnadollar.blogspot.com/

posted on Thu, 07/07/2011 - 10:37am
Anonymous's picture
Anonymous says:

why dont we just stop makeing it and use the ones we have alredy!! we have billions we dont need enymoree!

posted on Fri, 09/30/2011 - 12:30pm
Bill_in_Arlington's picture
Bill_in_Arlington says:

Send your recommendation to halt penny production to the Congressional Committee that has oversight of the US Mint (The Financial Services Committee) https://financialservicesforms.house.gov/Contact/Whistleblower.htm)

posted on Mon, 11/28/2011 - 11:44pm
Anonymous's picture
Anonymous says:

People don't forget that the if we get rid of the penny then the stores will round up instead of rounding down therefore casting all of us millions of dollars

posted on Mon, 02/06/2012 - 3:41pm
kaylie's picture
kaylie says:

ok not to be mean but alot of guys are being stupid! if you get enough pennies then what does it turn into 1$ so if you get rid of pennies and round up or down then you will either be losing money that could turn into a dollar or gain but if you think about prices most of the time you will be rounding up! so if i were you i would just keep the penny it will help you later!

posted on Thu, 02/23/2012 - 10:30pm
Anonymous's picture
Anonymous says:

They are a part of history!!!!!!!!!!!!!!

posted on Mon, 03/26/2012 - 9:32am
Anonymous's picture
Anonymous says:

Why not just adopt a 2.5 cent piece in the shape of a .10 Euro piece?

posted on Fri, 04/06/2012 - 3:45pm
kristopher johnston(16)'s picture
kristopher johnston(16) says:

listen we produce about 32 billion pennies every year, in all the 5 million pennies in one month has officiaally been achived, not to mention in our c urrent economy the penny now costs $2.47 to make...not to mention having to pay miners, contractors, lawyers and all of these other proffessions to keep the mining of zinc and copper in control and working, the penny is hardly original anymore, it is 76% zinc and the rest is copper to keep the goos ols fashioned "shiny" look, if you u think about it(or don't) the penny costs us alot more money thn we give it credit for, sure there is the idea of moving it to 2-3 cent value but were wuld tht leave?? were still in debt from WW2!! now id rather get rid of the penny and get outa our chackles from japan and china,SO LETS WORK ON GETTING IT ABOLISHED!! thank u and have a nice day

posted on Tue, 04/17/2012 - 1:59pm
Dill's picture
Dill says:

What if you are 1 or 2 cents away from your kids bday present just give them a nickel. And it cost more to make nickels than pennys increasing the tax money we pay them

posted on Tue, 05/15/2012 - 9:14am
blahblah's picture
blahblah says:

I completely agree with you. It costs 1.4 cents to mint a single penny. All that does is add to our debt.

posted on Mon, 01/14/2013 - 9:04pm
Anonymous7's picture
Anonymous7 says:

We have all ready gotten rid of the half cent

posted on Fri, 05/18/2012 - 2:25pm
Anonymous12's picture
Anonymous12 says:

i like the penny for coin pushers

posted on Fri, 12/28/2012 - 10:11pm
Anonymous's picture
Anonymous says:

Does anyone that wants to keep the penny realize that we got rid of the half-penny a long time ago? Where's your nostalgia coming from?

If your change comes to 3 cents YOU GET A NICKLE INSTEAD! 2 FREE CENTS!

posted on Tue, 01/29/2013 - 10:02am
Anonymous's picture
Anonymous says:

Ok lets think this through...if we get rid of pennies imagine how much we will have to pay not onyl taxes but the parking meter. Lets imagine a penny gives us a minute to park and a nickel giving us a 5 minutes. If we take away the penny and we need only 1 minutes we would've wasted 4 cents when we could've use just one penny. Pennies help cut out these kinds of waste we would have. And by the way when did New Zealand had an economy? There's no way we can be sure their economy didn't go in ruins if they never had one to begin with.

posted on Wed, 01/30/2013 - 9:22pm
Blah Bah's picture
Blah Bah says:

"we can't get rid of the penny cause everything that ends in 9 will get rounded up!" ...so? I save my change and at the end of a few months, ill have like 2 bucks in pennies. If we get rid of the penny, I'll lose like 10 bucks a year, if that. You know how I can fix this? Make one less stupid purchase each year. I'll save more money than I lose. Besides, I'd rather have my prices end in even dollar amounts anyway so totals and tips and taxes are easier to figure out without having to reach for my phone.

posted on Sun, 02/10/2013 - 10:24pm
Anonymous's picture
Anonymous says:

99 cent store would be 1 dollar store

posted on Mon, 02/11/2013 - 9:22pm
snikgdoh's picture
snikgdoh says:

The penny cost 2.5 billion dollars to make and circulate. Serves no person good interest. I would rather see the funds go to pre school or advances in medical technology, creating jobs etc..

posted on Thu, 02/14/2013 - 2:42pm
Anonymous's picture
Anonymous says:

Pennies should stay do yo know how tax is six cent a dollar 1 nickel and a penny is easier to use and pennies show up alot when you go to stores

posted on Fri, 02/15/2013 - 12:14pm
Anonymous's picture
Anonymous says:

if we get rid of the penny , we will have to pay more for products and we will have to depend on the nickels!!!!

posted on Mon, 02/18/2013 - 12:49pm
Anonymous's picture
Anonymous says:

i think we should keep it because its part of history and has honest Abe on it but so duse the $5 bill. What do you think?

posted on Mon, 02/25/2013 - 12:56pm
Anonymous's picture
Anonymous says:

ont get rid of it because what if something costs 14 cents U WONT HAVE ANY PENNIS SO U HAVE TO PAY MORE

posted on Wed, 02/27/2013 - 5:36pm
Anonymous's picture
Anonymous says:

It is impossible to remove one percent of any given whole, 99 cents cannot constitute a whole dollar. 99 percent is not a whole
of anything. at the pump nine tenths of a hounded percent of one penny requires ten gallons prior to that a correct negotiated refund could not be possible

posted on Sun, 03/03/2013 - 1:57pm
Kelly Nguyen's picture
Kelly Nguyen says:

By abolishing the penny, citizens would actually have to pay more annually. That means we would have to round everything off the the nearest nickel. For EVERYTHING. Even for a simple candy bar

posted on Mon, 03/04/2013 - 1:09am
max's picture
max says:

as of febuary 2011 it costs about 2.4 cents to mint a penny.[5] In 2007, even the price of the raw materials it is made of exceeded the face value, so there was a risk that coins were illegally melted down for raw materials.[6]

Lost productivity and opportunity cost of use — With the median wage in the U.S. being about $17 per hour in 2011,[7] it takes about two seconds to earn one cent. Thus, it is not worthwhile for most people to deal with a penny. If it takes only two seconds extra for each transaction that uses a penny, the cost of time wasted in the U.S. is about $3.65 per person annually,[8] about $1 billion for all of the USA.[9] Using a different calculation, economist Robert Whaples estimates a $300 million annual loss.[10]
Limited utility — Pennies are not accepted by all vending machines or many toll booths, and pennies are generally not accepted in bulk; however, Illinois does accept pennies in its toll booths.[11] In addition, people often do not use cents to pay at all; they may simply use larger denominations and get pennies in return.[citation needed] Pennies end up sitting in jars or are thrown away and are not in circulation. Economist Greg Mankiw says that "The purpose of the monetary system is to facilitate exchange, but... the penny no longer serves that purpose." [12]
Prices would not be higher — Research by Robert Whaples, an economics professor at Wake Forest University, using data on nearly 200,000 transactions from a multi-state convenience store chain shows that rounding would have virtually no effect. Consumers would gain a tiny amount – about 1⁄40¢ or $0.00025 per transaction.[13]
Historical precedents — There has never been a coin in circulation in the U.S. worth as little as the penny is worth today, although currently other countries have coins with less purchasing power in circulation. Due to monetary inflation, as of 2007[update], a nickel is worth approximately what a penny was worth in 1972.[14] When the United States discontinued the half-cent coin in 1857, it had a 2010-equivalent buying power of 11 cents.[15] After 1857, the new smallest coin was the cent, which had a 2010-equivalent buying power of 23 cents. The nickel fell below that value in 1974; the dime (at 10 cents) fell below that value in 1980;[14] the quarter (at 25 cents) fell below that value in 2007.[15]
Hazards — The reduced-cost clad zinc penny, which has been produced since mid-1982, holds additional dangers when swallowed by children and others, unlike all previous U.S. coins. If the copper plating is breached, the penny quickly corrodes into a sharp-edged object, which is more likely to lodge in the digestive tract. Injury is more likely and furthermore, zinc and copper digested from the lodged pennies may be toxic. An 11 lb (5-kilogram) dog was fatally poisoned by swallowing two pennies

posted on Mon, 03/18/2013 - 4:36pm
lovebear's picture
lovebear says:

i think we should not get rid of pennies because it represents abraham lincoln

posted on Tue, 03/19/2013 - 4:06pm
anonymous hbjknlm/./'s picture
anonymous hbjknlm/./ says:

if we get rid of pennies, why not get rid of nickels too? it only makes sense. they cost ten cents to make

posted on Sun, 05/05/2013 - 1:19pm
dave's picture
dave says:

The fact is it took over 60 years for the half a penny to disappear from circulation and they only made so many millions we've made billions upon billions of the US penny the'll never go out of circulation even if we stop making them now

posted on Sat, 06/22/2013 - 6:22pm
st john's picture
st john says:

no do not get rid of the penny it will raise prices and you would have less money

posted on Thu, 01/23/2014 - 10:50am
Joy rankoo's picture
Joy rankoo says:

don't aget rid of the penny becuase then I'll forget what Abraham lincoln looks like.

posted on Thu, 01/23/2014 - 2:08pm
shelby's picture
shelby says:

i think we should keep the penny. i am doing an essay on this in school and i have to say that we need pennies because they help with exact change, charity offers, and what about the kids don't you love giving them some pennies to throw in the wishing well? you cant simply want to ruin kids life by not letting them make a wish with a penny and a wishing well... their for i agree that we need our pennies.

posted on Sat, 01/03/2015 - 7:15pm
dylan webster's picture
dylan webster says:

we should keep the penny come on it has been with us for so long.

posted on Thu, 02/12/2015 - 9:58am
bob's picture
bob says:

i think we should keep the penny so the food and other things don't get expenise

posted on Thu, 03/19/2015 - 10:37am
Bob III's picture
Bob III says:

Maybe they can bring the 50 cent coin and the dollar coin back

posted on Thu, 03/19/2015 - 12:58pm
collegerocker's picture
collegerocker says:

This man always threw out his pennies, so his assistant took them for herself, by winter, she was able to buy a very expensive coat, LONG LIVE PENNIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

posted on Mon, 03/23/2015 - 10:37am

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