Sure. Fuck it. I wouldn’t waste any brain power on it when the *gestures wildly at everything* is still happening

New Zealand abandoned the 1c and 2c coin ~~decades ago~~ in 1990, and then the 5c coin too in 2006. Never been missed. Nothing changed.

See https://en.m.wikipedia.org/wiki/New_Zealand_dollar

Prices are all still in 0.01 increments, and are Swedish rounded when paid for with cash (electronic payments are exact and never rounded).

It was time to ditch the penny 20 years ago. The nickel has since joined that club.

Canada got rid of pennjes like ten years ago. We barely noticed after the first few months.

I say get rid of money completely. Everything should be free for everyone. Except for my neighbor, Ron. He's still gotta pay.

Yes, and daylight savings time and the electoral college too please.

Consider the fact that Japan has a ¥1 coin. It is strangely light, and can actually float on water if you are careful enough with the surface tension.

The purpose of leaving that coin in circulation is pricing. ¥399 looks much better than ¥400.

At the moment, ¥1 is about 0.64¢.

Yes. I think that's what the study explains in the last paragraph there. The customer is still likely to buy the item if it's ending in $.95 vs $.99. However, as the price of the item goes up, that four cent difference is less important. In the decision making of the buyer, but also costs the company more per unit. It's less important to the business/seller the more expensive it is. I think that's part of the reason they called it a wash.

Lose 'em. Nickels too, gone. Honestly if we ditched dimes too I wouldn't shed a tear. Quarters are cool though, they can stay.

Shift the decimal point two over so a penny is worth a dollar.

https://www.npr.org/sections/money/2020/07/14/890435359/is-it-time-to-kill-the-penny

By the 1990s, Kolbe says, he was introducing new legislation to kill the penny with every new session of Congress. But he kept facing resistance — for example, from the speaker of the House at the time, Dennis Hastert, who represented a district in Illinois, the home state of Abraham Lincoln. Lincoln, of course, is on the penny, and Kolbe says that proved to be a major roadblock. So were special interests such as zinc miners and the company that supplies the "penny blanks" used to mint the penny.

Penny defenders' strongest argument was that eliminating it would hurt consumers. All those $9.99 products? The prices would be jacked up to an even $10! They called it the "rounding tax." But Whaples, that penny-researching economist at Wake Forest University, conducted a study of convenience stores and found that the final digit of purchases, which usually involve multiple products and a sales tax, was pretty much random. "And so if you round it to the nearest nickel, the customer wouldn't get gouged," Whaples says. Sometimes you'd round up; other times you'd round down. In the end, it would basically be a wash.

I don't think anyone ever gets excited about finding anything less than a quarter. Hell, even today I don't know if quarters are worthwhile. We should definitely get rid of everything besides quarters. I don't think any machines even take anything other than quarters. Maybe some drink machines do, but that's it. Like, two dimes and a nickel is objectively less useful than a quarter. And not just because of the mild inconvenience of carrying two additional coins lol.

I think there are enough places that use quarters that we shouldn't get rid of them.

Yes. Yes. No. Just penny needs to die.

I think I remember hearing that the cost to make a penny is now more than one cent. Considering you can't really do anything with them, I'd say it's time to discontinue the penny at the very least.

Can we just round everything to the nearest dollar? If something is still cheap enough to be 25 cents then it should only be sold in a pack of 4.

What will we do with all these ‘take a penny, leave a penny’ trays?

https://youtu.be/aPzU7tePihQ?t=189&si=LacdAeLSyrnS7vK1

Nope I use cash almost exclusively.