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The last-ever penny will be minted today in Philadelphia

(www.cnn.com)
460 points andrewl | 3 comments | 12 Nov 25 16:10 UTC | HN request time: 0.436s | source
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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.

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1. firefax ◴[12 Nov 25 19:40 UTC] No.45905224[source]▶
>I'd say screw it, get rid of nickles and dimes as well. Quarters can stay, for now.

Let's do it like Japan does, only one type of currency. And that currency will be the penny. One dollar note? No buddy... that's a one hundred cent note now.

We may or may not continue to mint one dollar coins (previously one cent coins), but everything will make... cents.

(I guess this style of humor is better delivered verbally?)

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2. toast0 ◴[12 Nov 25 20:08 UTC] No.45905720[source]▶
JPY has the benefit that people probably don't try to use floating point numbers for currency. (ignoring the central joke of your comment)
3. extraduder_ire ◴[12 Nov 25 22:47 UTC] No.45907972[source]▶
The sen still exists. There's even a few 50 sen coins still floating around.