Prices will increase if we eliminate the penny, everything will have to be rounded to the nickel, charities need pennies because there are thousands of small charities that depend on penny drives to bring in donations and nickels cost even more to make so no :)
No!! It is important! There was a Chinese real story about an old man who dropped a penny or nickel and didn't care to pick it up because it is so little money. When he pays for the ferri to ride back to home, he was missing 1 or 5 cents!! He couldn't get home that time, and now he has to beg for money!! I feel so bad for him, but he lost his coins...he needs money... :(
Although a bother to us in some ways, think about how in the world we'd give change without it!! What if someone asked for an amount ending in 1, 2, 3, or 4 cents? Plus, they really do add up, and just think about how cute it is to see a little kid find a penny on the side of the road and get all happy...
If we are to get rid of them, we should, as a country, gather them together and pay off our debt! I bet there's $16 trillion dollars in change in someone's couch. For real, though, they are kind of a pain, but rounding up or down to the nearest $0.05 cents would kind of suck.
Of course the penny is unneeded now.When it was first introduced a dollar was a day's wages, and it was valid to divide it by 100, but now a penny is worth maybe i ten thousandth of a day's wage. Throw out the nickel too and quarter and make a 50 cent coin and a dime. That would dividce the dollar into 10 and no finer division is needed.
Of course not. You can be sure that when a small denomination is retired, then those that charge money for value (services, goods) will round up, not down. One cent will become five cents which means your toll has increased 80% and you've received no further value. Better to get rid of the twenty dollar bill and the hundred. We'll all deal with one and five dollar bills. Keeps your mind focused on just what you're handing over for that insane electronic device everyone seems to desperately need.
Yeah... Let's get rid of the penny, no, instead shall we just get rid of the whole lot of coins?! God... Why would you want to get rid of something that can really add up?! What if you were in some other country and didn't have any clean water or didn't have any food to eat?! Have you used your brains lately?
NO I have been working on this HUGE jar/bucket thing since I was little and every time i found a penny I would put it in the jar but i only put pennies in it but i used to think that that would buy me a car whenever i was older but now i just do it for fun