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by joshstrange 392 days ago
In high school, 17 years ago, I wrote a DBQ (document based question essay) for an AP test about why pennies were a huge waste to the economy. Both in cost to some, keep in circulation, and just dealing with for businesses/consumers.

It’s past time we did away with the penny and honestly the nickel shouldn’t be too far behind. Really anything less than a quarter seems like more trouble than it’s worth at this point. I would never carry change though, I barely carry cash as-is.

2 comments

Here in Argentina we unofficially deprecate the coins/bills when they are worth approximately US$0.03 [1]. Now US$1=AR$1100 and you can find in the wild AR$100 and some AR$50, but AR$20 are very rare, AR$10 almost imposible to find, and lower denomination are just museum pieces.

Theoretically you can go to the supermarket with a big bag with a thousand of AR$1 coins, and they must accept them but it would be very weird.

[1] It's a personal opinion, there are no official threshold, don't ask how I made an statistic.

With Trump trying his very best to devalue the dollar, you think it's wise to do this now?
That would mean there would be even less need for pennies or even any coinage, right?
I don’t fully understand the question. How does removing the penny factor in? I honestly don’t get or I am missing the connection.
You very much don't understand how this works.