Pennies Love or leave em?

[SUP-Ronin]

A penny saved,... is a penny.

Unless the price of Zinc skyrockets..., then you can have them melted down, and be rich.

[z3zep]

do you have 50 cents? I can't remember.

Yes, we have a 50 cent peice ...... John Kennedy is on it.

Called a "Kennedy half dollar"

We have them, but they aren't used much at all and are uncommon.

We also have a $ 1 coin, again it isn't used much. And most people don't have any.

[Blue Meanie]

A penny saved,... is a penny.

Unless the price of Zinc skyrockets..., then you can have them melted down, and be rich.

Yeah...and 100 pennies equals a dollar. Dude, in just the past 2 months I have saved $20 in pennies. In times like they are that $20 is pretty important to me. In the past I paid for a Boxed IGirl with the pennies I saved up in a year. I guess you have money to throw away...I don't. If you don't want your pennies send them my way.

[Bill]

Not a fan of the penny. My fast-paced lifestyle leaves little time for such things.

[The Toyroom]

They line the top of my dresser.....

[BlackKnight]

Money IS Money
and a Penny IS Money to Me.

[Hector]

Hate pennies...I just got rid of an empty majo jar full of them...gave it to one of the kids next door.

[SlipperyLilSuckers]

I collect 5 and 10's now...they add up a lot faster

[UnderdogDJLSW]

Not only would we have to round things up or down for the lack of 1 cent coins, but tax tables would have to change across the board. The State of Maryland has a 6% sales tax. I don't see them rounding it back down to 5%, so would that mean a 10% sales tax? How would that work? Plus, Lincoln would only get to be on the $5 bill.

[Adam West]

I say keep it. It seem like you almost need to if we are working on a currency based on 10's.

I do know that the mint is not producing pennies in the quantities that they used to because many people don't pay with cash anymore and with the recession hitting, many people grabbed their jars of coins and fed them back into circulation.

It actually has been a treasure trove for coin collectors because people who have simply taken their change and finally took them to the bank to exchange didn't realize that some of their coins are quite valuable.

There is a coin/stamp/sports shop nearby that I stop by occassionally and it isn't unusual for someone to bring in a pile of highly collectible coins of older mintages and tell the person behind the counter that they tried to take them to the bank but the coin machines weren't reading them properly. The person behind the counter would just shake their head as they are standing there with a few hundred Silver Morgan Silver Dollars that have about $12 or $13 in melt value alone before adding in any Numismatic value.

[Bill]

Not only would we have to round things up or down for the lack of 1 cent coins, but tax tables would have to change across the board. The State of Maryland has a 6% sales tax. I don't see them rounding it back down to 5%, so would that mean a 10% sales tax? How would that work? Plus, Lincoln would only get to be on the $5 bill.

Plenty of states currently have fractions of a percent in their sales tax.

[hobub]

And who'd ever fathom this?



I say we all should be paid a salary of 10,000,000. And a gallon of milk should cost an even one hundred bucks!

http://kclibrary.lonestar.edu/decade50.html