How long before they stop minting pennies in the USA?
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ANSWERS: 1
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Not anytime soon. Charitable organizations rely on pennies to encourage small donations.
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bostjan the adequate 🥉 Probably costs them more to count them than they are worth. Maybe people should be donating quarters instead. -
Jenny's Gone On Vacation I know what you mean, but charitable organizations are just glad to receive donations. Other than that, in many US stores if you are paying cash and you are a penny to a few pennies short to buy merchandise, there are clerks who demand the merchandise is paid in full. I've seen customers argue with clerks over pennies. If you ask me, who are the real A-holes - it's the customers who can't pay the exact amount. LOL -
bostjan the adequate 🥉 I agree. However, we are well beyond the point where pennies are made of the cheapest metal available (zinc - the copper you see is a very thin plating, otherwise pennies would be too tempting to purchase from the US mint and then melt down for scrap), and still worth more as scrap metal than as pennies (people don't tend to bother, though, because, even at 2-2.5x their value, it's still not worth the effort).
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Jenny's Gone On Vacation If you want to see pennies go obsolete, nickels should also go. A penny can be used for decades and is more cost-efficient to produce than a nickel.
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bostjan the adequate 🥉 I agree. There used to be a half-penny. At the time it was eliminated from the mint, if you factor inflation into effect, it was worth more than a nickel. We might as well get rid of dimes also. I wouldn't mind a $5 coin. Inflation is bad enough that it won't be long before $5 would be the most appropriate donation for Salvation Army or whatever.
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Jenny's Gone On Vacation Odd pricing is the problem. If prices can be even starting at 25 cents, 50 cents, 75 cents to a dollar, there would be no need for pennies, nickels or dimes. $5 minimum for the Salvation Army? Good luck.
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