Do you think pennies should go away?

Page 2 of 2 [ 20 posts ]  Go to page Previous  1, 2

Butterfly88
Veteran
Veteran

User avatar

Joined: 22 Jul 2015
Gender: Female
Posts: 21,501
Location: United States

29 Jul 2015, 8:33 am

No, I think they should stay. Things would be slightly more expensive without them.



DeepHour
Veteran
Veteran

User avatar

Joined: 1 Jun 2014
Gender: Male
Posts: 89,125
Location: United Kingdom

29 Jul 2015, 10:57 am

Someone on this thread would probably like me to 'go away'! :D

But seriously, it looks inevitable that the British penny will disappear before long, as that's what happens to the lowest denomination of coins under an inflationary economic system.

In 1960 the Farthing, worth one quarter of an Old Penny, was withdrawn from circulation. Then the Halfpenny ("Ha'penny") ceased to be legal tender in 1969. Under the new decimal coinage system, introduced in 1971, there was again a Halfpenny, worth more than the Old Penny, but that was in turn withdrawn in 1984. It's astonishing the decimal penny has lasted so long, in my opinion, and it's become fairly common practice in some shops to give no change for a 99p item, if the customer pays with a £1 coin.

Unbelievably, in some parts of the British Empire, there used to be One Third Farthings and even Quarter Farthings.

Image


Am I right in thinking that in the USA Cents are referred to as 'pennies'? Is there still a 1 Cent coin?



Kiprobalhato
Veteran
Veteran

User avatar

Joined: 25 Mar 2014
Age: 28
Gender: Female
Posts: 29,119
Location: מתחת לעננים

30 Jul 2015, 1:00 am

never mind that people make knick knacks from crushing and deforming them, but you know it is time for them to go when most places don't accept them and producing one costs ore than it's value.

DeepHour wrote:
Am I right in thinking that in the USA Cents are referred to as 'pennies'? Is there still a 1 Cent coin?


that's right - no substitute.

and it is a bit silly how long it took me to realize they are no longer made from copper, at least not more than three percent.

it won't be a loss for Lincoln, no doubt. being on the much more valuable 5.

Image


_________________
הייתי צוללת עכשיו למים
הכי, הכי עמוקים
לא לשמוע כלום
לא לדעת כלום
וזה הכל אהובי, זה הכל.


Kiprobalhato
Veteran
Veteran

User avatar

Joined: 25 Mar 2014
Age: 28
Gender: Female
Posts: 29,119
Location: מתחת לעננים

30 Jul 2015, 1:01 am

Image


_________________
הייתי צוללת עכשיו למים
הכי, הכי עמוקים
לא לשמוע כלום
לא לדעת כלום
וזה הכל אהובי, זה הכל.