The Locally Owned Voice of the Capital Region

Gazette polls



Canada is phasing out its penny. Should the U.S. also drop its one-cent coin?

No. We still need the penny 49% 84 votes
Yes, it's just a nuisance 50% 85 votes
Total Votes: 169

Note: This is not a scientific poll.

comments


April 9, 2012
11:07 a.m.

[ Suggest removal ]
mapleskiridge ( mapleskiridge ) says...

When it cost more to make than its " worth" it's wastefull to continue. Other solutions should be found.

April 10, 2012
12:54 a.m.

[ Suggest removal ]
Fritzdawg ( Fritzdawg ) says...

It's just a bad idea as it would spark an instant price increase on almost everything we buy, as merchants round prices off to the next highest increment.
Currently, gas stations still list the prices to include TENTHS of a penny.
If gas were actually $4.929, it would most certainly be rounded off to $4.95, and not $4.90.

The money being spent by the government to keep the penny around is a pittance compared to what we will be shelling out if they don't exist, as the one cent increment disappears, even on credit card purchases.
With all the money that this government wastes on absolute nonsense, that particular necessary expense of doing business can most certainly be made up in other areas.

April 10, 2012
6:44 a.m.

[ Suggest removal ]
cfield ( cfield ) says...

Fritzdawg-- actually $4.929 round up to $4.93 not $4.95. Unless of course you're the State of New York.

April 10, 2012
10:33 a.m.

[ Suggest removal ]
Woodrow ( Woodrow ) says...

The penny has outlived its value, in great part due to inflation. It now costs almost 2.5 cents to make the penny. Besides being inefficient to produce, and a general nuisance, it is not accepted in vending machines, at toll booths, and I've heard Carl Strock will not accept pennies.

When Australia and New Zealand elimated their penny, in 1990 I think, there was no price inflation resulting from the rounding. Think about it, if a store or restaurant is going to round off $19.99, for instance, they will likely round to $19.95 since $20.00 can appear more expensive than $19.99.

Yes, eliminate the penny. For those who like pennies, start collecting them.

April 10, 2012
12:10 p.m.

[ Suggest removal ]
Fritzdawg ( Fritzdawg ) says...

cfield:
Yes, obviously $4.929 rounded off would be $4.93, but my point was that NOTHING would be rounded off to $4.93, because without pennies, they would be forced to make it either $4.90, or $4.95, because there is no way of collecting $4.93 without pennies, and I'm sure you know that companies would round it off to the next HIGHEST 5Cent increment rather than take the 3Cent loss.

April 10, 2012
2:21 p.m.

[ Suggest removal ]
Woodrow ( Woodrow ) says...

Fritzdawg - The penny will still be accepted for a period, but will not be produced any longer. Even once production stops, for a long time, you will still be able to hold up the line while you count out pennies. Trust me, we'll all have more economic troubles to worry about than whether a store rounds up or down three cents...

 

columnists & blogs


Log into Dailygazette.com

Forgot Password?

Subscribe

Username:
Password: