Production is over, but not the use. The current pennies in circulation will remain in use for years to come.
Depends on the prices at the time. They won't make pennies if a box of matches will cost $10
That sounds like more of a deterrent than an incentive.
You know who…
I heard they'll round both ways. So if it's $1.96 or $1.97 they'll charge you $1.95.
lol at thinking McDonalds will round down and lose money.
The truth companies will just rip us off for 3 cents that will be like 30,000 in profits every 1 million customers and they serve like a billion people.
In order for them to round down were talking either 1 cent or 2 cents loss and it's on cash payments only which very few people even do anymore. Plus it will even itself out anyways by the orders that get rounded up instead of down.
Correct. Plus the rounding up/down is for cash payments only which very few people do so I'd be surprised if they even have to round down more than 20 times a day.
It's not the cost of the materials so much as the labor and other factors that make them more expensive to make than they are worth.
'Penny' and its ancestor-words used to have a broader 'money in general' meaning. 'Money' in Norwegian is 'penger' and the Deutschmark also used to have a Hundert Pfennig.
That actually would make cents *rim shot*
'Penny' and its ancestor-words used to have a broader 'money in general' meaning. 'Money' in Norwegian is 'penger' and the Deutschmark also used to have a Hundert Pfennig.
I think it's cool how the word 'penny' has been preserved in the US/Canada etc. long after they switched to dollars.
British pennies used to be much bigger (like coins in general):
and although the coin has shrunk, we still have toffee pennies and penny washers which remind us of what they once were:
Apparently these are usually called 'fender washers' in Trumpland.
