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DetroitLegalBeagle

(2,359 posts)

135. Will very likely remain legal tender

Fri May 23, 2025, 07:14 AM

11 hrs ago

Just no longer made, so the number of pennies in circulation will drop. Likely very quickly as most people don't carry pennies any further then from when they get them back to their home and from their home to their bank or Coinstar machine.

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Treasury Department set to phase out the penny [View all] BumRushDaShow Yesterday OP

Noooooo, I love pennies and used to have several of those folding blue collector books of them (lost in a move)... wcmagumba Yesterday #1

The ninnies put us in a pickle Marthe48 Yesterday #2

This will complicate sales taxes no end Jilly_in_VA Yesterday #3

New Zealand got rid of them in 1990. nilram Yesterday #7

So, if my purchase has 11 cents sales tax, I'll have to no_hypocrisy Yesterday #11

Standard rounding rules evens it all out [updated] PSPS Yesterday #12

Shops will always round UP, not down. This erodes purchasing power. SunSeeker Yesterday #17

that hasn't been what happens in other economies stopdiggin Yesterday #22

What the fuck are you talking about? People do accept their change in pennies. SunSeeker Yesterday #23

no sir. you are wrong on both accounts. stopdiggin Yesterday #28

And you sir are wrong on 3 counts. SunSeeker Yesterday #85

"And if you tried to round down it would be considered theft or shoplifting." stopdiggin 22 hrs ago #112

Go to the grocery store and try it. nt SunSeeker 17 hrs ago #122

when I go to the grocery store, the cashier tells me the total on my bill stopdiggin 16 hrs ago #129

You make my point. You pay what the store tells you, or you get no groceries. SunSeeker 16 hrs ago #132

which of course has not a single thing to do with conversation at hand stopdiggin 7 hrs ago #137

Yes it does. And, "as a reminder," I was responding to your post. SunSeeker 4 hrs ago #139

Wrong. The rounding in Canada is mandated by law and consumers and merchants love it. It's neutral. Bernardo de La Paz Yesterday #35

That's CANADA, where people are also guaranteed free healthcare. SunSeeker Yesterday #86

Eliminating healthcare has nothing to do with eliminating the penalty. The poor would lose no pennies on bread Bernardo de La Paz Yesterday #89

What "proposed law" would require split rounding IN THE US? Name it please. SunSeeker Yesterday #93

The law that would be required to eliminate the penny would have to be proposed, passed and enacted. . . . nt Bernardo de La Paz Yesterday #96

The Bill regarding elimination of the penny was introduced in the House in February of this year Bernardo de La Paz 23 hrs ago #110

Wrong. SunSeeker 17 hrs ago #120

You didn't search Bernardo de La Paz 17 hrs ago #124

You didn't read SunSeeker 16 hrs ago #127

Fair enough. . . . nt Bernardo de La Paz 16 hrs ago #130

Here is the bill for the proposed law. Yes, it includes rounding in both directions, as is expected and sensible. thesquanderer 22 hrs ago #116

That proposal would still make people pay 5 cents for anything that costs 1-4 cents. But better than no law. SunSeeker 18 hrs ago #119

There is probably nothing in a store that costs 1-4 cents. thesquanderer 9 hrs ago #136

No. It does not work that way. Nonsense. The law in Canada mandates rounding, which balances out Bernardo de La Paz Yesterday #34

You are the one spreading nonsense. We are not Canada. We have no such law. nt SunSeeker Yesterday #90

I never claimed the US had such a law. We are discussing the proposal to eliminate the penny. Bernardo de La Paz Yesterday #94

LOL. The "obvious" path is not the one the US will always take. SunSeeker Yesterday #99

Healthcare has nothing to do with eliminating the penny. The poor won't lose 4 cents on bread Bernardo de La Paz Yesterday #100

"if Canada and New Zealand can accomplish...then so can the USA." SunSeeker 17 hrs ago #121

Eliminating the penny is much simpler than ANY of those. Obviously. . . . nt Bernardo de La Paz 17 hrs ago #125

Surely they'll be rounding to 5 cents, not to 10 muriel_volestrangler Yesterday #19

Yes, as you say. It balances out, it's automatic in cash register, which is told cash or card Bernardo de La Paz Yesterday #36

Egads! I obviously screwed up my post and will correct it. PSPS Yesterday #52

absolutely not. the sales tax figure remains - 11 cents (which is of course bundled into your purchase price) stopdiggin Yesterday #20

No. Bill added up, tax computed, final amount rounded plus/minus to 5 cents not ten, and only if cash. Bernardo de La Paz Yesterday #37

When I was in Germany 40 years ago there wasn't a lot of US coin change around for the PX. Jacson6 Yesterday #74

No Polybius 19 hrs ago #118

no it won't. stopdiggin Yesterday #15

Not a problem, no complication. Half the time the customer's bill is rounded down, the other half rounded up Bernardo de La Paz Yesterday #33

With so many transactions being electronic customerserviceguy Yesterday #101

When Nixon told the nation to stop hoarding pennies, my wife began hoarding them in earnest. Bo Zarts Yesterday #4

They haven't had pennies in Canada for years Freddie Yesterday #5

long overdue. this is one place where public sentiment ran counter stopdiggin Yesterday #6

But, they WILL (round up) hlthe2b Yesterday #9

Depends what the laws will say. cstanleytech Yesterday #18

ONLY on cash purchases. and, even there, on any purchase greater than we'll say 2 or 3 dollars stopdiggin Yesterday #25

The lack of concern for the poor who do not and will not have the access to credit cards, debit cards, hlthe2b Yesterday #26

It's neutral. Half the time it rounds down; other half time rounds up. Canadians are happy with the move years ago. . nt Bernardo de La Paz Yesterday #30

There is still a cash economy that is hard for many to remember--for the poorest among us. hlthe2b Yesterday #39

It's on the bill. The poorest in Canada have no problem with it. It's neutral, by law and automatic in the register. nt Bernardo de La Paz Yesterday #40

This isn't Canada. And our "conservatives" are in no way comparable or even rational as your worst. hlthe2b Yesterday #41

US cash registers work the same as Canadian. Probably made and programmed in US. And DONT SMEAR ME Bernardo de La Paz Yesterday #46

Cash registers ring up the prices the owner charges. THis is idiotic, Bernard. I thought you had compassion. hlthe2b Yesterday #48

I am going by the facts. You point to no applicable facts Bernardo de La Paz Yesterday #54

Look, I hate what Trump's policies are doing to Canadian-American relationships, but then you post this? hlthe2b Yesterday #57

This thread is about eliminating the penny. Dragging irrelevant policies into the discussion is a distraction. Bernardo de La Paz Yesterday #68

even in the case of the 'poor' - the effect still amounts to - negligable stopdiggin Yesterday #32

"Negligible" to you and I who are so little affected-not so much for the "cash economy." I wish we still had Bobbolink hlthe2b Yesterday #38

How about you stop using Republicon naming of the Big Bum Bill, which this has NOTHING to do with. Bernardo de La Paz Yesterday #49

It is additive. Just like tariffs and every single policy in that bill that will decimate the poor. hlthe2b Yesterday #51

It is not additive. You can't prove that. You haven't even tried to prove that. It is neutral Bernardo de La Paz Yesterday #60

Says the Canadian who despite all of DU bemoaning Trump's damage to US-Canadian relationships hlthe2b Yesterday #62

Where. Provide the link for your assertion. Bernardo de La Paz Yesterday #64

You are not worth my time. It was clearly highlighted in your previous posts. BYE. hlthe2b Yesterday #66

Should your personal attack be alerted? I'm not going to alert your post #66 Bernardo de La Paz Yesterday #69

I made no personal attack, quite the opposite in ignoring your attacks* and hoping a future will resolve hlthe2b Yesterday #71

You wrote "You are not worth my time". . . .nt Bernardo de La Paz Yesterday #72

Not NOW you are not. Just posting the same thing over and over and over--ignoring my points & issues. hlthe2b Yesterday #76

You are the one repeating. I made points that you have not refuted. You repeat points I have refuted. Bernardo de La Paz Yesterday #81

You mischaracterize me regarding the poor. When something is neutral to the poor it does NOT discount their plight Bernardo de La Paz Yesterday #73

Because I am not talking about taxes as I have stated repeatedly. hlthe2b Yesterday #77

You were the first to mention tariff taxes in posts 38 and 48. . . . nt Bernardo de La Paz Yesterday #83

Count me opposed. Since when is creating currency or coin supposed to be at virtually no cost? hlthe2b Yesterday #8

It's neutral, it's automatic, Canadians love it, it saves EVERYONE time and bother. You have no points to make. nt Bernardo de La Paz Yesterday #42

This isn't Canada. GO read the Big Beautiful bill and the harms that will come to that population and hlthe2b Yesterday #45

This has NOTHING to do with the Big Bum Bill Bernardo de La Paz Yesterday #47

It is additive. As is a lack of compassion for the impacts (EFFECTS if you prefer) to the poor. hlthe2b Yesterday #53

It is not additive. No way. Simply saying that is no proof. Bernardo de La Paz Yesterday #56

The impacts, the EFFECTS of all these policies ARE additive. hlthe2b Yesterday #61

Getting rid of the penny is not additive. It is neutral and makes life easier. There are no "additive" effects. Bernardo de La Paz Yesterday #63

Repeating your retort that tries so damned hard to reframe my point to your desired argument is so meaningless. hlthe2b Yesterday #65

You have not been understanding that eliminating the penny is neutral and people like it where it has been done. nt Bernardo de La Paz Yesterday #70

Even reframing the use of the word "understanding..." as I used in my responses hlthe2b Yesterday #78

Fine. You have not been understanding of me. You have not understood that I am using economics and mathematics.nt Bernardo de La Paz Yesterday #84

Hmmmm? Wonder what nickels are worth now? brush Yesterday #10

about 13 cents moonshinegnomie Yesterday #55

Have they worked out this creating an even bigger problem with the nickel? Eugene Yesterday #13

No problem with nickels in Canada. Yes, Canadian Treasury is revenue neutral bc rounding evens out in long run. nt Bernardo de La Paz Yesterday #44

I grew up in the 1950's and I remember "penny candies" FakeNoose Yesterday #14

My childhood home was half a block from some railroad tracks. JustABozoOnThisBus Yesterday #29

Yep ... we did that too when we were kids FakeNoose Yesterday #31

We used to find them in the trolley tracks here in Philly BumRushDaShow Yesterday #67

I think this sucks. And like everything else, it will hurt poor people. SunSeeker Yesterday #16

It is entirely neutral for the poor. It rounds out, it is automatic, it is no cost. Experience proves it. . nt Bernardo de La Paz Yesterday #50

We're talking America here. The "experience" in Europe does not apply. SunSeeker Yesterday #75

I did not refer to Europe. And you are wrong about corporations Bernardo de La Paz Yesterday #80

What US law are you referring to? SunSeeker Yesterday #82

I am referring to the proposal of eliminating the penny which would be enacted by a law. Bernardo de La Paz Yesterday #87

So you're just making shit up. There is no US law requiring split rounding. nt SunSeeker Yesterday #88

The OP is about a proposal. The proposal is not shit. It is practical. It would be enacted by law. . . .nt Bernardo de La Paz Yesterday #91

THE OP DOES NOT DISCUSS HOW ROUNDING WILL BE HANDLED. SunSeeker Yesterday #95

The elimination of the penny would require a law rounding cash transactions. This is obvious. Bernardo de La Paz Yesterday #97

Tell that to Trump, who eliminated the penny via social media post, with no law in place. nt SunSeeker 17 hrs ago #123

Got any more practical suggestions? He did not eliminate it. Be real. . . . nt Bernardo de La Paz 17 hrs ago #126

It's not my suggestion. Trump tweeted he was ending penny production and Treasury complied. All illegal of course. SunSeeker 16 hrs ago #128

He can order the tide to recede if he likes. That doesn't make it real. A tweet is not an Executive Order. Bernardo de La Paz 16 hrs ago #131

His declarations are treated as law by his subservient executive branch. SunSeeker 16 hrs ago #133

becasue of teh way rounding is done it wont hurt them moonshinegnomie Yesterday #59

That is not how the rounding will be done in the US. SunSeeker Yesterday #79

just going off texas laws moonshinegnomie Yesterday #104

good. i've been refusing to take them for yrs. they arent money any more. mopinko Yesterday #21

A penny for your thoughts Canada Kid Yesterday #24

No more make a wish penny in the fountain? Sigh. The modern era. cbabe Yesterday #27

When I was stationed in Germany the US stopped sending pennies to the base banks. SeattleVet Yesterday #43

I think my time in Germany is why I hate having change in my pocket underpants Yesterday #92

The rounding from the elimination of pennies would be on final transaction, not on prices. . . . nt Bernardo de La Paz 22 hrs ago #111

In Germanic if it said 4 12 or 18 it was that underpants 20 hrs ago #117

i have no problem with dumping the penny moonshinegnomie Yesterday #58

Irrelevant: "costs more to manufacture than the coin is worth." That would only matter if the coin was only used FSogol Yesterday #98

in 2024 it cost about 2.5c to make a penny according to the mint moonshinegnomie Yesterday #105

these are a few countries that have dropped their equivalent of teh penny moonshinegnomie Yesterday #106

Capitulation to Trump inflation bucolic_frolic Yesterday #102

Not capitulation, not rounding prices, no problem balancing books. Bernardo de La Paz 22 hrs ago #113

Do Canadian pennies still circulate? bucolic_frolic 22 hrs ago #114

Nope. Nobody gives or takes pennies, esp not underground. Most were redeemed at banks. . . .nt Bernardo de La Paz 22 hrs ago #115

Now it will be Take A Nickel, Give A Nickel at checkout. BadgerKid Yesterday #103

They say it costs four cents to make each penny. Why not just offer everyone two cents for every penny they turn in. twodogsbarking Yesterday #107

Good cabotnn22 Yesterday #108

I am selling pennies for 2 cents each mdbl Yesterday #109

Will we then have to "surrender" our pennies because they won't no_hypocrisy 13 hrs ago #134

Will very likely remain legal tender DetroitLegalBeagle 11 hrs ago #135

Massive cash contributions from copper-mining firms to trump in 10, 9, 8, 7... (nt) Paladin 6 hrs ago #138