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by jrussino
167 days ago
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When they decided to stop minting pennies I think they should have gotten rid of nickels and (I know this will be controversial) quarters as well! Keep dimes and ramp up production of half dollars. Then we can just drop the second decimal place and standardize pricing everything in 0.1 dollar increments. The fact that quarters are still somewhat commonly used in machines (vending machines, parking meters, laundry) is probably the biggest practical obstacle. |
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What I've learned from the penny retirement is that people are deeply distrustful of simple high school level statistics! Millions of people have angrily seethed that somehow stores are or will be using the penny retirement to rob them, despite knowing that most transactions have an unknowable amount of different items, and sales tax, so attempting to manipulate prices to gain a statistical advantage out of rounding would be incredibly difficult and would yield a pitiful return. Let alone how the cash transaction share is declining every year.