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Should the US get rid of the penny? (discuss.online)

submitted 3 days ago by [email protected] to c/[email protected]

51 comments fedilink hide all child comments

Is it about time, or is it still useful? If you think its time has passed, what about the nickel/dime/quarter?

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[–] wolfpack86 2 points 2 days ago (1 children)

That doesn't mean we need to mint more. Especially when it costs more than $0.01 to produce a penny.

You're only pointing to why we don't invalidate the coin.

[–] [email protected] 1 points 1 day ago (1 children)

You're only pointing to why we don't invalidate the coin.

Correct.

That doesn't mean we need to mint more.

The question wasn't if we should mint more. It was if we should do away with what we have.

[–] wolfpack86 1 points 15 hours ago

Sure, but functionally stopping the production is the main benefit of the decision. It means banks can't order more and the usage will naturally wane away.

I guess I'm saying there's a middle ground that doesn't require invalidating the currency