On a news site there was an article saying that the U.S Mint was thinking about getting rid of pennies because the cost to make a penny will be more expensive than the value of the coin. The penny is made of copper, nickel, and zinc. Do you really think the U.S should go without pennies? That would be weird! Just imagine life without pennies. They also were thinking about increasing the amount of $2.00 bills.

I dont think they should.

never!! pennies can make a persons life!!! - atleast mine -

That would be weird... It would be difficult to pay for tax on small items and stuff. A lot of prices would have to go up or down. It would be something hard to do.

No! I ♥ Pennies! I could not live without them! :(

Wow! somebody said yes! They probably didn't read.

They were thinking the same idea here, to eliminate pennies and introduce a $5 coin. The major problem is tax! Do you realize what it would take to adjust all of the prices on everything to ensure it was always rounded to the nearest nickle? When tax is applied to items, most of the time the result involves a penny. So if they were to eliminate pennies, they would have to eliminate taxes or find some magic tax % that would ensure the applied values are always multiples of 5.


------
EDIT:

Recently one of our taxes was dropped 1% and guess what it did?
Created more pennies as change. A coffee went from $1.40 to $1.39 for example. :)

I wish they could keep the penny, but also add a $5 coin!

Pennies are the only thing you can see on the ground and not bother to pick up... We don't really need them.....

Pennies are the only thing you can see on the ground and not bother to pick up... We don't really need them.....

So you pick up dirty rocks and used bubblegum? Lets say you find 3 pennies a day during a walk. In a month you'd have $1. It's not much, but a $1 more than you would have if you didn't bother.

i heard about this some guy would use a rounding system for the U.S. that would cost the U.S. like millons a year.

no, i think they should keep them :) what happens if you have to buy a ice cream cone that cost.. $1.02? lol.. @_@ you couldnt have icecream :(

*Gasp* 4 people voted yes -cries- :(

yes, or make it a 2 cent coin just my :twocents: (pun intented)

No way! What about taxes!?!?!??! The U.S. is making crazy decisions these days!!!!!! >_<

Wow! somebody said yes! They probably didn't read.
you do know ppl have their own opinions

theres nothing wrong wit pennies all they do is make ur hands stink lol

*Gasp* 4 people voted yes -cries- :(

lol one of them was me.

Imagine how hard it would be to make change! You would end up with less amounts of money you where supposed to get back! It would be very hard without having pennies.

NO! I love pennies and I get angry when I don't get exact change back :)

no way pennies are cool

oops, I hit yes >_< my fault.

But they should keep em.



~*Fan*~

Pennies cost 1.67 cents to make.

They should keep them because the order amounts of money can easily make up for it.

Such as $100 bills

i think they should make a 2dollar american coin and more 1dollar american coins..kinda like how euros work..

Keep the pennies! If not what would they call the Penny Pressers at DLR?! Coin pressers? lol and anyways the term " I dont have a penny to my name" would go down the toilet too >_<

i dont think they should.
because what if something came up to like $4.97
you would need 2 pennies
but without pennies you'll need a dime or 2 nickles
but then what about your change? you wont get it without pennies

Pennies Should Stay Stay Stay Stay!! Lol

lol one of them was me.

NOOOO!!!!!!!!!!!! :( - runs into a door and cries harder -

Pennies are worthless, I mean who wants to carry around 50 thousand pennies.

No! Pennies Saty Stay Stay!!! :(

PLEASE no $5 coins! I hate carrying around coins in my pocket.. the bills are much much better..

pennies are awesome

Pennies are worthless, I mean who wants to carry around 50 thousand pennies.
They're not worth less they are worth 1 cent ! I mean how would we make change. Like people have been saying you would never get exact change. If you don't like your pennys take them to a coin machine at your bank, turn you recipt to the teller and get bills.

I said no... but I forgot what I was going to say.

Oh, I looked on Wikipedia, and now $2 bills are only worth $2 unless they have something special about them. My 1976 $2 (bi-centennial) is only worth $2 in good condition.

no way!thrifty ice cream is 99 cents, right? Well...usually ppl just exchange a dollar, but then how would thrifty give you change?See, these are the questions that haunt me...

~Pop

Of course there shouldn't be any, pennies are useless! I mean they would good when you could actually buy stuff with them, but if they cost more to make than they're actually worth what is the point? And they also smell bad!

I don't think they should. I remember my bff's had pennies and we said "One penny to rule the world." And my class uses pennies whenever we need to get m&m's from the jar thing. It's a long story.

-sighs- Remember back in the day when Tootsie Rolls only costed a penny?


No? Me neither. I wasn't alive then. ;)

PLEASE no $5 coins! I hate carrying around coins in my pocket.. the bills are much much better..
but yet bills can blow away @_@...and coins can fall out of most wallets, so, maybe they'll start making 50 pound gold pieces for ppl to carry around!LOL:CastMem:

~Pop

O.o I think I remembered...

One day I was sitting on the floor of my room... I was looking around and I saw a penny. I looked at the penny and it was from 1911. -.^

Oh, I don't think that was what I was going to say.

no way i Need pennies.. and my Dad's Specimen AND Star two dollar bill would go down in value.. its worth almost 2000 dollars i think, because its a specimen and has a star marking it as been used in the conference to decide U.S currency ages ago. he was working at a flower store when an old man gave it to him to pay.. ROFL

No way!! I like pennies. Thay are so useful. I pick them up off the ground and save them. Pennies help pay taxes and are used in Penny Pressers! It is the coin with Abe Lincolns face and the Memorial on the back! Life without pennies would be chaotic!
http://i78.****************/albums/j94/Goldhunt/NotThePennies_edited.jpg Vote now at www.msn.com! by clicking Vote on the penny advertisment. If you can't see ad go here. http://moneycentral.msn.com/content/cnbctv/promos/p152096.asp?gt1=8376&ShowResults=1&HasVotedTwice=1#Vote


:D

Imagine how hard it would be to make change! You would end up with less amounts of money you where supposed to get back! It would be very hard without having pennies.
i just thought of a great idea .. kinda.. lower everything by a cent. but i had a second thought.. our country would be broke by cents all over the states. lol p.s- post 400

I think pennies should stay just because of the fact that they are here. If they take the penny away is the government then going to want to eventually, like 50 or 100 years down the road, take the nickel, dime, quarter, etc. away too? What would their qualifications be to take it away, and what would the affect on the monetary system as a whole be?

I was just thinking that the last coin that the government decided to change didn't last very long. The golden dollar coin was a big thing when it was released but now it is not. I haven't even seen one in I don't even know how long.

As far as the price of a penny being less than it costs to mint one well why doesn't the government change the worth of it. It happens all the time. The value of the American dollar is constantly changing in relation to the rest of the world's currency. Just adjust the values of the coins. (I know that it is probably a lot harder to do than what I say, but that is still what I think about it)

My opinion is if it isn't broken don't fix it. The penny works fine right now, so don't mess with it.

WE NEED PENNIES!!


WHAT WILL WE DO WITHOUT PENNY PRESSES!!

I COLLECT THOSE !! LOL!!

o well i gues we could press nickels...

Pressed pennies~what a cool souvenir, and it only cost 51 cents! :) And without the penny, I would never be able to through in my two cents. (and I do that quite frequently!):pirate:

OMG my mom told me this when i was in the Disney Store yesterday lOL!
Id be mad! Because when i use pennies i take them to this place where they give you dollar bills so if you gather 100 pennies you have a dollar! So i will be super sad

22 people voted YES??????? crazy...

KEEP DA PENNIES! u will anger the god of our 5th president! -.-

*Gasp* No, don't take pennies away :sadd2:!! @_@!!....They're pretty useful in making change besides taking over the world with them o_O...

We need pennies because...

You go to McDonald's
You buy a Double Cheeseburger for 97 cents, no tax.( I know..)
You pay the cashier $1.00
What would you get for change?

-KookyQuack

We need pennies because...

You go to McDonald's
You buy a Double Cheeseburger for 97 cents, no tax.( I know..)
You pay the cashier $1.00
What would you get for change?

-KookyQuack

If a total came out to something like that they would either:

A. Riase it up to 1.00 exactly
B. Lower it to 95 cents so you can pay with 3 quarters and 2 dimes or any other combination.


Anyway KEEP THE PENNIES!!!

No way pennies have Abraham Lincoln on them and he was one of our greatest presidents.

Keep The Penny how would you pay for $31.01 or .01 huh? Huh? HUH?

Keep The Penny how would you pay for $31.01 or .01 huh? Huh? HUH?

If you read above i already stated how they would take care of that. But i don't want the penny to go :-(

If a total came out to something like that they would either:

A. Riase it or lower it to on the dollar exactly
B. Or they would raise it so you would pay in nickles or Dimes or Quaters.

No way pennies have Abraham Lincoln on them and he was one of our greatest presidents.
What about make new money wit him on it! :D

What about make new money wit him on it! :D
He is on the 5 dollar bill :-)

Pennies are how the goverment keeps everyone's prints on file. If you've ever touched a penny, you're in their computers.

Why else would they keep them around?




:p

Ignoring the paranoid theories for the moment...
No need for any cash really. Go to all virtual money since the value of a US "dollar" is a concept and not backed by any hard currency any more...

WE NEED PENNIES!!! most ppl don't know this but i'm a girl. when i go shopping, i buy a new purse for 14$ let's say. but there is tax of like... 8cents. i need pennies to pay it. but you might say, why does the government need just pennies as tax?? bc ppl go shopping so much and pennies add up to alot of money.
so that is my answer. we need pennies bc it adds up

Have i already posted? Even if i did, NO. They CANNOT.

Don't forget...we need pennies for the presses at the Disney parks. I don't think Disney Corp. will allow the government to stop making pennies. ;-)

How will we play texas hold'em? without pennies?

lol

and tax, some tax is lets say gets to $7.01, then we would have to pay a nickel or dime, if we do how are we suppose to get change back?

muahahaha I don't have a tax :)

It keep the penny!!Because then how are things going to cost 99 cents! I guess that means Bub-bye 99 cent stores! (lol) And then that would be No More Penny pressers!!?? I own a Penny press Collection! I get one where ever i go! I say i U.S SHOULD KEEP THE PENNY!!

What Everyone Doesn't Understand Is That Pennies Will Still Exist! There Are Billions Of Em! They Are Just Going To Stop Making Them Because We Have Too Many! We'll Still Have Em.... ;)

By any chance do you think they will go back into creating pennies? After a while they will get lost or thrown into wishing wells or get buried in the dirt or be used in penny pressers etc. then pennies will start dissappearing so they might have to start making them again.

Okay If you Want the Us To Keep the Penny Here is a userbar: http://img337.**************/img337/7783/961153245055xx3.png (http://userbarmaker.com/)

If you want the us to Get rid of the Penny, Here is a userbar:http://img430.**************/img430/746/531153245288ba1.png (http://userbarmaker.com/)

lol I hope you like them and use them .. (I was bored! ;) )

ok we need to keep it for this reason

think about it with taxes with out the penny we would have to lower
buying taxes or store prices if we lower taxes that means less money going to "the man" if we lower store prices that means less money going to stores so think about it is it really a good idea?

We should definately keep the pennies. Our whole society is dependant on them! LOL. Why, you ask?

Well, you may have seen Andy Rooney (on 60 minutes) a long time ago talk about an ad he saw once. It was titled "Great Gifts for Under $300". All the items listed on the ad were $299.99.

For some silly reason, stores want to price items strangely. For example, if I went in to buy say a video game, instead of costing $50 dollars per say, it would cost instead $49.99. This is so it "looks" cheaper, with the store not losing much money. In the long run, for every 100 items sold, they lose a dollar. They probably think this is worth the cost. Likewise, for every 100 items we buy, we earn a dollar.

What I am trying to say here is that either we should either round up the amount that items cost (so that the video game would be $50 instead of $49.99, for example), keep the penny (this one has my vote), or make everything 4 cents less (for example, the video game would be $49.95 (so that we get a nickle back) instead of $49.99 or $50). But if the stores do do this, then for every 20 items sold, they lose a dollar. It would be much cheaper for everyone if they kept the penny.

FYI, this is coming from a person who grew up without a sales tax, so it is probably much worse for people who do have sales tax.

The ironic thing is, I think there used to be a "half-penny", and they abolished this long ago. I don't know if this is true or not, I'll have to check.

We have more pennies than we realize. I recently sorted all the coins in a bank that I have had since I was very small (with the help of a coin sorter, unfortunatly, it died at the end). I found about $20 worth of quarters, many dimes and nickels, and 14 pounds of pennies. Besides, it would probably be very hard to get rid of because there is so many.

Heh, lucky me, you know how you find pennies on the street? I don't find many pennies, for some reason I find lots of dimes :@@:

i think they should make a 2dollar american coin and more 1dollar american coins..kinda like how euros work..
I belive there are plenty of dollar coins in the US. I have one I carry around everywhere that I call Susan (because she's a Susan B. Anthony dollar). I also was digging around the house and found about 5 pounds of Sacagowea (sp?) dollars. I thought it was a quarter on the ground, but I picked it up, and there was Susan.

Excuse the pun, but here's my :twocents:.

Galaxee
:CastMem:

We need pennies because...

You go to McDonald's
You buy a Double Cheeseburger for 97 cents, no tax.( I know..)
You pay the cashier $1.00
What would you get for change?

-KookyQuack
exactly what i was thinking!About 99 cent thrifty ice cream!

you do know ppl have their own opinions Yes, Goofono, I know people have their own opinions. Of course I do.

Prices would be altered and like many people have said, the taxes wold create a probelm. And people who haves JUGS AND JUGS of pennies- what on EARTH would you do with them?

XD

We need pennies because...

You go to McDonald's
You buy a Double Cheeseburger for 97 cents, no tax.( I know..)
You pay the cashier $1.00
What would you get for change?

-KookyQuack

Mmm...... Crispy, full of fat and grease Double Cheeseburger... :Tongue: :D :rolleyes:

You're right KookyQuack!!!! >.< :mad: How will we buy our sweet, delicious Double Cheeseburgers and our Ice Cream!?!??!?!??!?!?! :eek: What about the taxes and change!!?!?!??!?!?!?!? Like I said in my earlier post, the U.S. is making crazy decisions these days!!!!!!!!!!!!!!!!!! >_< :mad: :eek:

Down with the no pennies people! >_<

Up with the Double Cheeseburgers and Pennies!!!!! >_< :pirate: :D :rolleyes: :Embar: :) :Tongue:

LOL, nice choice of smilies coolspongeA

Without pennies i think everything will have to cost alot more just like what Snappy KookyQuack said because what are you going to get as your change? If they take it out then everything will keep on being more money!!! When is this going to stop! First the houses prices are out of control then the Gasoline prices keep increasing! What next?!

Ignoring the paranoid theories for the moment...
No need for any cash really. Go to all virtual money since the value of a US "dollar" is a concept and not backed by any hard currency any more...

I don't agree with that at all. Sure virtual cash (debit/credit bank transfer) is nice but think of the implications if the system were entirely virtual. First, more computer fraud and digital crimes which can't be traced as easily as money. Next, the implantation of microchips (the future of debit) would grow rapidly beyond many countries basically further starving the 3rd World and turning the 2nd World to poverty if they couldn't keep up. Banks then only exist to house jewels, precious metals, deeds and safe-deposit boxes. Then, with one huge cyber crime, the entire economy vanishes into one person's bank account. Sounds like a smart idea doesn't it? :(

Right now the value of the dollar still depends on the amount of gold a country has. This amount is never disclosed to the public and any given country can only print as much money as gold they have. The deficits and over-spending are mainly due to loans from other countries and private investors, not from printing money.

Pennies will stay until a mathematics professor discovers a magical formula to make every transaction end in a nickle.

Ok sure...pennies can get really annoying cause we all have ALOT. But that's no reason to get rid of them. Why get rid of something that has been with us so long, we have gotten accoustumed (sp??) to it. Anyway we would have to round the cost of things. And that would stink. Just imagine how annoying it would be. Especially cause some things will come out to: 5.01 or 19.99. Why give more money than needed? Pennies should stay!!

Ok sure...pennies can get really annoying cause we all have ALOT. But that's no reason to get rid of them. Why get rid of something that has been with us so long, we have gotten accoustumed (sp??) to it. Anyway we would have to round the cost of things. And that would stink. Just imagine how annoying it would be. Especially cause some things will come out to: 5.01 or 19.99. Why give more money than needed? Pennies should stay!!

Took the words right out of my mouth!

I mean why take out pennies if its gonna cause so many problems? Honestly i think life without pennies would pretty much be IMPOSSIBLE!! I mean when is this whole thing going to stop! Prices of so many things keep increasing this needs to stop!!! SAVE THE PENNIES!

we should protest! save the pennies... save the pennies... JK. i mean, you wouldn't be able to get half the stuff we have now because there would be no more pennies! yea, they cause problems, but just think of life without them!

WE WOULD STILL HAVE PENNIES! THEY WOULD JUST STOP MAKING THEM CAUSE WE HAVE BILLIONS OF EM!! No need for conflict....

i think they should get rid of them so when i find a penny in a parking lot i can scream, "OMG I FOUND A PENNY! IT'S MY LUCKY DAY!!!!" lol. but what if the government ran out of money to make the pennies? then THAT would be an omg situation, like the great depression.

it's called exact change. The reason while old ppl take song long in the grocery check out line. I think they sould so they can reasonably price based on quarenty of the thing. Such as one product being priced a couple of cents less because less stuff in it other than the other product being priced full price because it's whole. And it makes sales tax cheaper

Uh no that would be dumb...
Without pennies, what would the kids vmk signatures be?!
"I <3 you and oh hey look a.. a.. OH NO! We don't have anymore pennies to say, hey look I found a penny!
~Chaelle

no!! pennys are fun! if there were no pennys i couldn't make fun of the value being just 1 cent lol

no! pennies are used for everything like in tax and stuff if you buy something say $20 and then some change wat if its $20.06 you can do that! and if they do take it away that is not a good choice! but $2 are very cool i have some those would be a good thing to start making more of :D

How do you pay for things that are $0.99? How many times do you see $19.99! Or $20.99! Hello? Pennies are essential. However it is spelled! LOL

How do you pay for things that are $0.99? How many times do you see $19.99! Or $20.99! Hello? Pennies are essential. However it is spelled! LOL

They would round up to an even dollar like $20.00 or $21.00 or they would round to a 5 or 10

i guess they could stop making them for a while to save money, and start back up again. i mean, i find ten pennies on the ground a day!