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.
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.
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.
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.
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.
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.
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.
by yanafarsi 7 years ago
my ex broke up with me by sending text message saying"i think we should stop seeing each other...for awhile" i asked him the reason so he said he felt distant, yeah i know when he cuddle me i was distant im not so sure if he really likes me.. and he said it hurt him when i asked him...
by Filip Stojkovski 11 months ago
Hi everyone. I've been putting some work in writing quality articles the last few months, all my articles are approved as featured but earnings are still pretty low. I have earned a total of $1+ in two months, and with that speed it will take years to reach checkout. I have both Hubpages and...
by _ineed2Bprttyagn_ 7 years ago
Ive been with my boyfriend for about 3 years now. To fully understand my predicament you need to know the beginning. We started dating after he broke up with one of my ex best friends who is really a terrible person. Thats how we met. We started dating 4 yrs after this girl and i stopped being...
by Keith Schroeder 6 years ago
July 6th is showing as a blank in my records. There was traffic. Don't know if others have the same issue.
by Tony the writer 6 years ago
How can you find money on the streets?
by Faeriephenomenon 20 months ago
What age do you think women should stop having babies?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|