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Will the U.S benefit if they get rid of pennies?

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We would be the only country in the world without a one cent coin. Prices for items would need to be in even amounts without the penny. Not sure it's a good idea.

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Canada no longer produces a penny.
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Correct,and it's somewhat disturbing since now retailers are getting an extra penny in profits because things are being rounded up instead of down.I mean it's only a penny but hey if you do this a couple three or four thousand times it adds up sweetly.
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It would cut the cost of making any more pennies. But, then the smallest would be the nickle, and it would be use like the penny now. I don't think it would benefit anything.

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Not a good idea !

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We just did it in Canada it cost more than a penny to make one do really why not buy the people it hurts are charities who don't get your unwanted penny's

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If we minted them with aluminum like Japan's yen, the cost would be lower. But the zinc producers are lobbying against this. The cent is 95% zinc and 5% copper. There is more than a cent worth of copper in pre-1982 pennies, but it is now (since 2007) illegal to melt them or export them outside the U.S. Pre-1982 cents are 95% copper and 5% zinc, save them.

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It will go down I value when u make them out of cheaper material and how much can u buy with a yen besides pennies are already screwed up by the Feds they aren't copper any more
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WE,THE PEOPLE, would not benefit because everything would be rounded

That means prices go up...

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Exactly what is happening,who would round down when they can keep the extra cent?
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Not benefit because of all this ridiculous/nonsense inflation going on

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It cost more to make a penny than its worth. As for prices, some things would round down, some up. If we keep it, it needs to be made of a cheaper material

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It's already made of crappy metal if they want to fix anything go back to the gold standard
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Pennies aren't even copper anymore and a quarter used to be a lot of money because they were silver you can read more about this in a grate book called What Ever Happend to Penny Candy
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I know all about that but the fact remains, it cost more to make a penny than its worth.
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Yea that's true :I
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I wish they would get rid of pennies because I have $20k of copper pennies that I could melt down and sell for a profit. :-D

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That's a lot of copper :P
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Yes it is. You wouldn't believe the bags of pennies I have.
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Would you smelt them yourself?
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Well the deal is years ago my bro and started buying pennies. We'd pick out the wheat pennies which for a time were worth $.02. Then yes I was going to melt them down. But....... That's illegal. So we just held on to them. Well now with fuel prices I'm wondering if it would be cost effective to smelt them. Lol. I've never really smelted a large pot of pennies. I don't know if they melt as readily as the copper wire we smelt.
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the man with the tall hat.

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Sinse the Feds screwd with the currency pennies aren't copper anymore do they are worthless

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No

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