New Pennies...

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serleran
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New Pennies...

Post by serleran »

So, for an economy that has gone to crap (supposedly) what is the best way to help? I know! Let's make new versions of the most unused piece of crap coinage we can... yeah! We need new and shiny pennies! Everyone loves those, and can't wait to spend them in droves, cause, let's face it, you need droves of 'em to be effective. Ahh, brilliance is the sheen on the obverse of retarded.

They do look pretty, though.
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Deogolf
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Post by Deogolf »

Well, won't we still need to make change?
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Post by serleran »

Only if you shop at Wal Mart with their crazy $3.73 price tags... you know, 'cause they have to undercut the lowest price anywhere else. And, if you're a smart and good commercial watcher and conformist, you don't even carry money anymore... why bother when a nice thin piece of plastic will get you everything you need?
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Post by Lord Dynel »

They did it just to annoy you, serl.
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Post by Jynx »

They're great for end of year penny wraps that get used by the kids for xmas gifts, other than that, they're a pain in the a**e!

When I went to Portugal a few years back, we used the EURO and I was surprised to see that they don't use pennies and the smallest denomination they had ( at least where I was ) is the 5 cent coin, which still looks like a penny. hey... looking at my computer, I see one now. It's like a brown nickel.

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Post by Omote »

Every penny I come across I spend or save and put into the bank. I'm fine with pennies, but they do cost entirely too much to produced today.

~O
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Post by Maliki »

serleran wrote:
Only if you shop at Wal Mart with their crazy $3.73 price tags... you know, 'cause they have to undercut the lowest price anywhere else. And, if you're a smart and good commercial watcher and conformist, you don't even carry money anymore... why bother when a nice thin piece of plastic will get you everything you need?

Lets not bash Wal-Mart for this, where I live its a 6% sales tax, so even if it was priced $3.00 the total would be $3.18, and either I would need pennies or they would.
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Post by Treebore »

Maliki wrote:
Lets not bash Wal-Mart for this, where I live its a 6% sales tax, so even if it was priced $3.00 the total would be $3.18, and either I would need pennies or they would.

Plus you know they aren't going to drop the taxes down to 5%, so the only way to go to fix it is to go with 10% taxes. Then everyone else price everything only in 5 cent increments, and bye bye penny.

So everyone up to having their sales taxes increased to 10% so we can get rid of the penny?
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Post by serleran »

10% sales tax is nothing. It sounds like a lot, but, it is a pittance. Almost like a penny.
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Post by Lord Dynel »

Eh, it's money. It spends like all the other coins. Never been a big deal to me.
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Post by serleran »

Me either, but I find the cost to be horrendously funny. That was the point of the original post... though, maybe it was not made.
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Post by Lord Dynel »

serleran wrote:
Me either, but I find the cost to be horrendously funny. That was the point of the original post... though, maybe it was not made.

It probably was and I missed it.
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Post by Maliki »

Omote wrote:
Every penny I come across I spend or save and put into the bank. I'm fine with pennies, but they do cost entirely too much to produced today.

~O

At the end of every day I throw all the change I've accumulated over the day into a large jar, then a couple times a year I take it to the bank and cash it in, usually between 100-200 dollars.
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Post by Lord Dynel »

Maliki wrote:
At the end of every day I throw all the change I've accumulated over the day into a large jar, then a couple times a year I take it to the bank and cash it in, usually between 100-200 dollars.

Same here, Maliki! I once pulled $421 out of my big cider jug-like glass bottle, a personal record.
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Post by serleran »

Yeah, I save change, too...but that doesn't mean I necessarily think that, in a piss poor economy, it is a brilliant tactic to waste likely billions on making little unwanted (and in many ways, unneeded) pennies. If the goal is to get people to circulate more money, then I think it fails miserably because the coinage collectors (and you all know you are) will grab them up (well, not the hardcore guys... they want ones that have never been touched by human fingers) which will immediately cut out some of them, and the rest of the world doesn't even care.
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Post by Sundog »

Well, at least you didn't get the awful new stuff the Mint's churned out this year.
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