Do you think we should stop making pennies?

1. 95

   CWanamakerposted 10 years ago

   Do you think we should stop making pennies?

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2. 94

   FatFreddysCatposted 10 years ago

   I don't know about stopping them altogether but I think there are enough in circulation already that they could probably skip making pennies for a year every once in a while without affecting the overall supply.

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   1. 94

      FatFreddysCatposted 10 years agoin reply to this

      Useless trivia: I keep my pennies in an empty 40 oz beer bottle. It takes about a year of accumulation to fill up. When I cash them in, 40 ounces of pennies comes out to around $17.50, give or take.

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   2. 95

      CWanamakerposted 10 years agoin reply to this

      That's pretty neat!

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3. 83

   bethperryposted 10 years ago

   I like pennies as I generally shop with cash and like being able to have enough change to pay the exact amount. So, no, I'd prefer to see them still made.

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4. 0

   sheilamyersposted 10 years ago

   As FatFreddy said, I don't think they really need to mint any more. But I like having them around. When I shop, I don't always use exact change. When I get home, any pennies I got as change or find laying around go in a cup. When I the cup gets full, I roll them and deposit them in my savings account. You might be surprised how fast they build up.

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   1. 83

      bethperryposted 10 years agoin reply to this

      My kids, when they were younger, loved collecting pennies for their piggy banks. For some reason they preferred pennies over nickels and dimes, lol.

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5. 75

   whaturmissingposted 10 years ago

   In Canada we've stopped making them and the stores won't accept them anymore.  However if you pay by debit you can still pay by the penny.  Banks will still accept the pennies.

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6. 76

   JohnGreasyGamerposted 10 years ago

   As much as I despise them because never do I use them, I think there'll be times when you can add them up and keep them. For example in England we have a machine that can turn coins into a single voucher (CoinStar), so if you take a jar of them you can make quite a bit of money that's not to be sneezed at. If pennies keep being produced, they can be converted into pounds pretty easily! So I kinda think they should still be produced.

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7. 86

   M. T. Dremerposted 10 years ago

   I don't think the penny is sacred and, if it would save the country money, then it might be a good idea to cease production. However, I just don't know how that would effect making change. If you owed someone a dollar and one cent, do you just not give them the cent or do you give them a nickel? It seems like we would have to rethink pricing entirely in order to make it work.

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