@return2ozma@lemmy.world to News@lemmy.world • 10 days agoStop making cents: US Mint moves forward with plans to kill the pennyapnews.comexternal-linkmessage-square149fedilinkarrow-up1391arrow-down10
arrow-up1391arrow-down1external-linkStop making cents: US Mint moves forward with plans to kill the pennyapnews.com@return2ozma@lemmy.world to News@lemmy.world • 10 days agomessage-square149fedilink
minus-square@innermachine@lemmy.worldlinkfedilink6•10 days agoSo this is what it’s like to fully embrace the death of the USD?
minus-square@epicstove@lemmy.calinkfedilinkEnglish16•9 days agoWell, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth. Here in Canada we killed our penny years ago. The US used to have a half penny, but it was killed over 100 years ago. Minting such a small amount of change that sees almost no practical use is pointless.
minus-square@ImADifferentBird@lemmy.blahaj.zonelinkfedilinkEnglish6•9 days agoHonestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
minus-square@innermachine@lemmy.worldlinkfedilink1•8 days agoAround 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become
minus-square@innermachine@lemmy.worldlinkfedilink1•8 days agoRemember when u could buy penny candies? The dollar ain’t worth shit anymore
minus-square@tal@lemmy.todaylinkfedilinkEnglish5•9 days agoThis doesn’t have much to do with international use of the dollar.
minus-square@innermachine@lemmy.worldlinkfedilink1•8 days agoI’m kind of commenting on how bad our inflation has gotten …
So this is what it’s like to fully embrace the death of the USD?
Well, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth.
Here in Canada we killed our penny years ago.
The US used to have a half penny, but it was killed over 100 years ago.
Minting such a small amount of change that sees almost no practical use is pointless.
Honestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
Around 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become
Remember when u could buy penny candies? The dollar ain’t worth shit anymore
This doesn’t have much to do with international use of the dollar.
I’m kind of commenting on how bad our inflation has gotten …