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TIL most Americans support eliminating the penny but attempts to do so have been stopped by Jarden Zinc Products, the sole provider of zinc penny blanks. Canada eliminated their penny in 2012.

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Posted by4 days ago

TIL most Americans support eliminating the penny but attempts to do so have been stopped by Jarden Zinc Products, the sole provider of zinc penny blanks. Canada eliminated their penny in 2012.

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level 1
8.4k points · 4 days ago

The US had a half-penny that was discontinued in 1857. Adjusted for inflation, it had a modern day equivalent buying power of 14 cents when it was axed.

level 2
2.0k points · 4 days ago
Gold

外围体育投注The $100 bill has been the largest U.S. denomination printed since 1945. That's when they stopped printing all the larger ones.

Today's $100 bill is worth what $7 was worth back then.

level 2
162 points · 4 days ago

外围体育投注The half penny wasn’t eliminated due to its lack of spending power, but because the govt wanted people to stop buying things with the Spanish dollar, which was divided into 8 pieces per dollar, and with the half penny Out of the way it would have been harder to make change between US dollars and Spanish dollars.

level 2
2.2k points · 4 days ago
Gold

But the cool way of putting it is that we had a "ha' penny" in circulation. My parents inherited an old-fashioned Boston accent from their parents and when I was a kid if I asked them something like what time we were eating supper they would answer with what sounded to me like, "Huppast five" but it was really "Ha' past five" that they were saying.

level 2
218 points · 4 days ago

I said the same in another comment. Eliminate the cent, the nickle, and the dime.

level 2
11 points · 4 days ago

I live in Canada and used to work at a Starbucks on the West Coast that a lot of American Tourists would come into and we’d literally just throw US Pennies in the Garbage. I kind of hope we get rid of the nickel as well soon, as it’s a more even number to round to. No one in Canada misses the Penny, it’s just a waste of time.

level 2
7 points · 4 days ago

外围体育投注so what you are saying is basically we could get rid of pennies, nickels, and dimes, as they're all less useful than a half penny when it was discontinued.

Continue this thread 
level 2
4 points · 4 days ago

外围体育投注We’ve also had a 2¢ coin, a 3¢ Made of silver first, then nickel alloy (and both types were minted and circulated at the same time. The silver one was made from 1851-1873, the nickel one from 1865-1889), we also had silver half-dimes that circulated alongside nickel alloy 5¢ “nickels”, and briefly had 20¢ coins.

外围体育投注In 1872 you could’ve had a 1¢, 2¢, silver 3¢, nickel 3¢, silver 5¢, nickel 5¢, 10¢, 25¢, 50¢, silver $1, gold $1, gold $2.50, gold $3, gold $5, gold $10, and gold $20 coins. The 20¢ pieces misses the line up as it was only made from 1875-1878.

level 2
3 points · 4 days ago0 children
level 2
2 points · 4 days ago

外围体育投注Personally I don't mind if the penny and nickel were both removed and we had more common dollar coins. Makes a lot more sense that way and easy for people to count vs keeping the nickel.

外围体育投注27 more replies

level 1
12.2k points · 4 days ago
Snek

TIL that the lobbyists for keeping the penny in circulation are part of an organization called "Americans for Common Cents"

level 2
7.4k points · 4 days ago

外围体育投注Damn. I might not agree with them, but that's fantastic branding.

level 2
1875 points · 4 days ago · edited 4 days ago

外围体育投注It's my understanding that one of their favorite arguments is effectively "Nobody would donate to charity anymore" if we got rid of the penny/nickel.

level 2
6 points · 4 days ago

外围体育投注Good gosh darn thats an awesome name. We should triple the amount of pennies we mint this second. Eventually the price of minting a penny will fall below a penny if we mint enough pennies, right?

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Created Dec 28, 2008