Pennies

May. 22nd, 2025 01:41 pm
ysabetwordsmith: Cartoon of me in Wordsmith persona (Default)
[personal profile] ysabetwordsmith
People are trying again to kill the penny.  Just to add insult to injury, the law would require all prices to be rounded up

Re: agree and disagree

Date: 2025-05-22 07:03 pm (UTC)
degringolade: (Default)
From: [personal profile] degringolade
I'm intrigued: Other than sorting out the pure copper pennies for their metal value (best I can tell, currently at approx. $0.03 each) what other uses do they have?

Just curious, maybe you are seeing something I don't

Re: agree and disagree

Date: 2025-05-22 07:54 pm (UTC)
wispfox: (Default)
From: [personal profile] wispfox
I know of people who use them as bases for miniatures, there are probably many other uses. They are cheaper than pretty much anything out there of their shape and size.

Re: agree and disagree

Date: 2025-05-22 08:30 pm (UTC)
From: [personal profile] see_also_friend
There are all those little penny press souvenir press.

Other uses :

Put in a tin jar, instant noise maker.

In a container, can make an effective doorstop.

Drop on the ground as a 'lucky penny' to cheer someone up.

There's a bunch of other uses for coins in general, like scratching lottery tickets or drilling holes in them to improvise washers, and pennies would be the cheapest option to use.

Re: agree and disagree

Date: 2025-05-22 10:47 pm (UTC)
melannen: Commander Valentine of Alpha Squad Seven, a red-haired female Nick Fury in space, smoking contemplatively (Default)
From: [personal profile] melannen
Yep, we don't actually have the right in the US to set our prices to the nearest 5 cents because that 6.5% sales tax will mess things up. (Could we factor that into the prices we set? Not with the current systems, where every jurisdiction has a different sales tax but prices are often set centrally. Could we use a VAT system instead of sales tax? Theoretically, but this is the US, so: no.)

The solution of course is that nobody pays cash anymore unless they want a $.04 surcharge on every purchase. Cash is, after, all, difficult to track and difficult to control.

Re: agree and disagree

Date: 2025-06-01 01:38 am (UTC)
From: [personal profile] see_also_friend
If they were going to be smart about it, they'd round up or down, depending on which is closer.

Re: agree and disagree

Date: 2025-06-01 07:15 am (UTC)
From: [personal profile] see_also_friend
I remember that about rounding.

It's possible that whoever set the new rule is rich enough they've never had to pinch pennies.

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