General Question

Poser's avatar

Why the hell are we still making pennies?

Asked by Poser (7805points) September 22nd, 2008

I’ve been hearing rumors for years that the U.S. mint is going to stop minting them. Now I hear on the news that they just unveiled four new designs for 2009. Why? Does anyone use them anymore?

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24 Answers

arnbev959's avatar

I use them.

And I still pick them up when I see them on the sidewalk.

So there.

gailcalled's avatar

We put them in the “spare penny” cup that all the stores have next to their registers. And I suppose that several hundred in a sock would make a good cosh. (But, then, so would nickels and dimes.)

(see this
from last month.)

generalspecific's avatar

well then what would happen when you have to pay $2.93 or something?
you sure would be in a pickle.
but yes I use pennies. and also pick them up when I find them—but only when they’re heads up! :)

Nimis's avatar

Several hundred in a sock would also make a good weapon.

Seesul's avatar

Over a lifetime, they add up, if we didn’t have them, everything would go up, , probably to a nickel. I just took a cruise on cash-back from a credit card. It was based on 1%, a penny per dollar. Like I said, it all adds up.

gailcalled's avatar

They are also useful for perpetuating the illusion that $2.99 is cheaper than $3.00

@Nim: Isn’t that what a “cosh” is?

Nimis's avatar

Haha…it’s actually on Wikipedia under list of melee weapons. Nice.

Gail: Dunno? Never heard that term before.
This is where I admit my limited knowledge of melee weapons.

gailcalled's avatar

@Nim: You are simply too young to have been in a rumble. Cosh is a weapon or bludgeon, usually applied to the head.

Snoopy's avatar

@poser Did you know that it actually costs more than 1 cent per each to make?

See this link

Poser's avatar

Shame on me for not searching.

Poser's avatar

@snoopy—I think I’ve heard that. Yet another reason to do away with them (they aren’t even made of copper).

Nimis's avatar

Gail: Wait…does that imply that you’ve been in your fair share?
Gailcalled in a rumble! You know who I have my money on…

Snoopy's avatar

@poser….there is apparently still a smidgen of copper in the penny….

Poser's avatar

I hear there’s also still a smidgen of the Constitution in our country.

But I digress.

Snoopy's avatar

@poser yoohoo! The thread is this way….don’t digress too far…..

maybe_KB's avatar

A Penny Earned is a Penny Saved!
or is it…
A Penny Saved is a Penny Earned?
Oh, whatever the hell- I say, “Keep the penny”

Adina1968's avatar

We need all of the pennies to pay for the 700 billion dollar wallstreet buyout. I would love to pay my taxes in pennies!

SpatzieLover's avatar

My husband, an IT geek, said to me on Sunday at Walgreens as the clerk handed him change, “What the hell do we get change for? Everything should be in dollars.”

I thought it was funny at the time, then saw this Q and it reminded me of it.

He’d prefer all financial exchanges took 30secs or less via a swipe. Imagine what he’s like when someone pays by check in front of us in line. OMG! I have to hide my head from his comments.

cheebdragon's avatar

It’s a clever form of tax.

scamp's avatar

Think of all the empty “have a penny leave a penny” cups on store counters across the country if we stop making them.

maybe_KB's avatar

@Spat FUNNY!

breedmitch's avatar

I’ve heard that every time congress considers eliminating the penny, the Illinois congressmen shut down the proposal. Lincoln and such.

jvgr's avatar

Another example of governent interference in private business:

Read an article recently, a man started a company and was buying large volumes of pennies directly from banks, melting them down, casting them into ingots and selling them to copper products manufactures.

The copper value was/is worth 2c per penny.
He did quite well till the gov’t shut him down.

Snoopy's avatar

jvgr I suspect that the gov’t interference had to due w/ destruction of federal property…..?

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