←back to thread

460 points andrewl | 2 comments | | HN request time: 0.429s | source
Show context
Night_Thastus ◴[] 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(24): >>45903659 #>>45903693 #>>45903694 #>>45903838 #>>45903851 #>>45904015 #>>45904115 #>>45904186 #>>45904256 #>>45904307 #>>45904339 #>>45904467 #>>45905217 #>>45905224 #>>45905752 #>>45906029 #>>45906082 #>>45906214 #>>45906243 #>>45906547 #>>45906579 #>>45907421 #>>45907466 #>>45908008 #
jrochkind1 ◴[] No.45903838[source]
A noticeable number of places around me in an urban area in the USA already now have signs up saying they won't make any coin change at all! Pay with a card, or exact change, or they'll round up to the dollar keep the difference.

Sometimes the sign says "due to the penny shortage" and has been up for a year or whatever, I dunno. But they aren't just not giving you pennies in your change, they are refusing any coins in your change. I am curious as to the motivation, I could guess but it's not obvious to me. They will still take coins as payment, just not give them as change.

replies(1): >>45903994 #
1. jjmarr ◴[] No.45903994[source]
You can either put payments into the register or the safe.

If it goes into the safe, it's nearly impossible to steal because there's a time lock preventing the cashier from accessing it. But you can't make change.

This means you have a optimization problem to have the minimum possible cash in the register to meet all change needs.

Eliminating denominations makes the optimization problem easier, if nothing else.

replies(1): >>45908118 #
2. jrochkind1 ◴[] No.45908118[source]
I wouldn't think there is enough coinage in a register to be interesting as a theft target, but i don't know! I think they would still make bill change, but maybe I misunderstood, sure. Next time I see one I'll use cash to find out!