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    The last-ever penny will be minted today in Philadelphia

    (www.cnn.com)
    334 points andrewl | 26 comments | 12 Nov 25 16:10 UTC | HN request time: 0.001s | source | bottom
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    Night_Thastus ◴[12 Nov 25 18:13 UTC] No.45903609[source]▶
    I'd say screw it, get rid of nickles and dimes as well. Quarters can stay, for now.

    It's a complete waste of money and time continuing to mint such low-value currency. It can't be used for just about anything.

    Unfortunately, I do see the problem with part of this. For a handful of items where it does matter, it will force people to use cards more if they want to avoid rounding. And the card providers already have a choke-hold on retailers, and the whole thing is basically a scheme that funnels money from the poor to the wealthy via interest and fees on the consumer, interchange fees, and rewards programs.

    replies(19): >>45903659 #>>45903693 #>>45903694 #>>45903838 #>>45903851 #>>45904015 #>>45904115 #>>45904186 #>>45904256 #>>45904307 #>>45904339 #>>45904467 #>>45905217 #>>45905224 #>>45905752 #>>45906029 #>>45906082 #>>45906214 #>>45906243 #
    1. datadrivenangel ◴[12 Nov 25 18:16 UTC] No.45903659[source]▶
    But add a $3.50 coin so that we can strongly incentivize coffee to stay below a certain price.
    replies(5): >>45903687 #>>45903786 #>>45903901 #>>45904593 #>>45904705 #
    2. rustystump ◴[12 Nov 25 18:17 UTC] No.45903687[source]▶
    Also for the memes…
    replies(3): >>45903801 #>>45903837 #>>45904019 #
    3. quijoteuniv ◴[12 Nov 25 18:23 UTC] No.45903786[source]▶
    Just take a zero out of everything and change the name from dollar to something else!
    replies(6): >>45903982 #>>45904251 #>>45904378 #>>45904515 #>>45904971 #>>45906108 #
    4. datadrivenangel ◴[12 Nov 25 18:24 UTC] No.45903801[source]▶
    It would be exceedingly funny is 75% of the value.

    Maybe make it be a $3.33 coin?

    5. binarymax ◴[12 Nov 25 18:26 UTC] No.45903837[source]▶
    $0.67 coin is on the way
    replies(1): >>45903864 #
    6. nostrademons ◴[12 Nov 25 18:27 UTC] No.45903864{3}[source]▶
    $0.666. Half the population would think it's the mark of the beast, the other half rounds up to 6-7.
    replies(1): >>45903946 #
    7. binarymax ◴[12 Nov 25 18:29 UTC] No.45903901[source]▶
    My local just went from $3.50 to $4 this week :(
    replies(1): >>45904289 #
    8. redfern314 ◴[12 Nov 25 18:32 UTC] No.45903946{4}[source]▶
    and the third half of the population thinks it's egregious that a repeating fraction has been truncated!
    9. darth_avocado ◴[12 Nov 25 18:34 UTC] No.45903982[source]▶
    *dllar*
    replies(1): >>45904026 #
    10. balamatom ◴[12 Nov 25 18:38 UTC] No.45904019[source]▶
    It's worth about $2.70
    11. ◴[12 Nov 25 18:38 UTC] No.45904026{3}[source]▶
    12. forinti ◴[12 Nov 25 18:51 UTC] No.45904251[source]▶
    US Peso
    13. sugarpimpdorsey ◴[12 Nov 25 18:53 UTC] No.45904289[source]▶
    Gourmet high-end Keurig pods are like $0.50 each. Make your own coffee.
    replies(5): >>45904432 #>>45904448 #>>45904636 #>>45904643 #>>45904675 #
    14. Galacta7 ◴[12 Nov 25 18:57 UTC] No.45904378[source]▶
    Night City eurodollars?
    15. drivebyhooting ◴[12 Nov 25 18:59 UTC] No.45904432{3}[source]▶
    I wonder if the gourmet high end plastic ends up in the brew.
    replies(1): >>45904991 #
    16. 0_____0 ◴[12 Nov 25 19:00 UTC] No.45904448{3}[source]▶
    If you go through coffee regularly, it's actually quite a nice thing to invest in. There are a really amazing number of craft roasters throughout the country, and simply having a quality grinder is enough. And you don't need a crazy espresso setup to enjoy it. My setup consists of a motorized flat burr grinder, a 20$ kettle from target, and a pour over funnel. The quality is so much higher than anything you can get from a pod that's been sitting around with pre ground coffee, and it only takes a couple minutes while you're waiting for Claude to rewrite your codebase in Rust or whatever it is "Hackers" do these days
    17. cpeterso ◴[12 Nov 25 19:03 UTC] No.45904515[source]▶
    Decadollars

    100 dollars = 10 decadollars

    18. jimbokun ◴[12 Nov 25 19:07 UTC] No.45904593[source]▶
    One of the things I admire most about Italy is how they have held the line on the price of an espresso.

    It’s still just slightly over €1 if you drink it standing at the bar.

    They really have their priorities straight when it comes to food and drink prices.

    19. jimbokun ◴[12 Nov 25 19:09 UTC] No.45904636{3}[source]▶
    If you want to save money get a Moka pot instead of that Keurig garbage.

    Even cheaper, tastes better, and takes only slightly longer to make.

    20. mikkupikku ◴[12 Nov 25 19:10 UTC] No.45904643{3}[source]▶
    You can solve this problem even better by drinking instant coffee. Bonus points for it making yuppies cringe.
    21. loloquwowndueo ◴[12 Nov 25 19:11 UTC] No.45904675{3}[source]▶
    lol gourmet (coffee) and keurig pods don’t go together in the same sentence.
    22. jabbany ◴[12 Nov 25 19:13 UTC] No.45904705[source]▶
    I know this is supposed to be a joke but... businesses have pushed for this the other way around in the past, asking for a new coin to raise prices.

    > The Coca-Cola Company sought ways to increase the five cent price, even approaching the U.S. Treasury Department in 1953 to ask that they mint a 7.5 cent coin. [https://en.wikipedia.org/wiki/Fixed_price_of_Coca-Cola_from_...]

    replies(1): >>45905981 #
    23. wffurr ◴[12 Nov 25 19:26 UTC] No.45904971[source]▶
    USA Fun Ticket
    24. wffurr ◴[12 Nov 25 19:27 UTC] No.45904991{4}[source]▶
    It pairs wonderfully with all the plastic in your water.
    25. thaumasiotes ◴[12 Nov 25 20:23 UTC] No.45905981[source]▶
    The wikipedia article says that this was specifically the price of a 6.5oz Coke.

    The obvious way to raise the price by 50% is to cut the amount by a third, selling 4.33oz Cokes.

    https://www.reddit.com/r/BottleDigging/comments/1kng6aq/coca... suggests that Coca-Cola was comfortable producing bottles in several different sizes.

    Now, a 4 1/3 oz Coke is obviously too small to be worth bothering with. But that's also true of a 6 1/2 oz Coke. These sizes seem more like something you dispense with an eyedropper than something you drink. A normal can is 12 oz! Who'd want to buy a six-ounce beverage?

    You can address both problems at once by doubling the price and increasing the volume all the way up to 8.67 oz.

    26. RobotToaster ◴[12 Nov 25 20:29 UTC] No.45906108[source]▶
    There used to be a $10 coin called an eagle, may as well be violently American and call it eagles.