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Topic:
Bye bye Pennies! [Locked] |
JD_HOGG  Posts: 2,846
Registered: 2008-3-18 08:04:21
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
HeartView posted:
Brandun posted:
just remember, EVERYTHING will be rounded up
Not true. You'll see a lot of $4.95 instead of $4.99, for instance.
Or they'll just go ahead and make it $5.00.
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Sith_Mauler Posts: 1,851
Registered: 2002-12-21 13:40:03
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
JD_HOGG posted:
HeartView posted:
Brandun posted:
just remember, EVERYTHING will be rounded up
Not true. You'll see a lot of $4.95 instead of $4.99, for instance.
Or they'll just go ahead and make it $5.00.
and that 1 cent adds up when you are moving volume at any chain store rate.
-----signature-----
Well I ain't first class
But I ain't white trash
I'm wild and a little crazy too
I have seen a lot of things in my life time.
That is why I walk the line I walk.
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Sith_Mauler Posts: 1,851
Registered: 2002-12-21 13:40:03
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
HeartView posted:
Sith_Mauler posted:
how are you going to know really?
the price of stuff changes weekly.
like where I work at all items got at min a $1.80 increase in prices, due to the cost of food coming from our distributors.
Personally? I wouldn't likely notice because I'm never that low on cash to care. But I know a whole lot of folks that would notice and complain... loudly.
then these people need to open their eyes and come out from under their rock, inflation has been ticking up for the past few years now.
-----signature-----
Well I ain't first class
But I ain't white trash
I'm wild and a little crazy too
I have seen a lot of things in my life time.
That is why I walk the line I walk.
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Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
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1 million pennies is only 10K.
100 million pennies is "only" a million.
They don't add up to enough for anyone to give a damn about.
Sure, I'd take an extra million if someone offered...but if they offered it in pennies I'd be making coinstar rich as hell...and not giving a damn.
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Darwynnia  Title: Sugar Kibbi
Posts: 311
Registered: 2003-10-13 07:40:13
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
Brandun posted:
just remember, EVERYTHING will be rounded up
If you pay cash, it'll get rounded up/down.
If you pay by debit card (the way we do in DK), it doesn't.
-----signature-----
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1/20/69-12/21/05
Rest in Peace
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
*shrug* Eliminating the penny has been discussed since the 70s.
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HeartView Title: Be right back...
Posts: 1,209
Registered: 2001-12-20 08:11:56
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
Darwynnia posted:
Brandun posted:
just remember, EVERYTHING will be rounded up
If you pay cash, it'll get rounded up/down.
If you pay by debit card (the way we do in DK), it doesn't.
A VERY good point as well. This will ONLY affect cash payments. If you pay by credit card, debit card, check, money order, mobile payment, etc. then you'll be paying the same price.
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DunesVladHarkonnen Title: Moderator
Probably on Vacation
Posts: 1,444
Registered: 2003-3-29 22:10:08
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
rofl at the doomsayers and alarmists...just LOLz.
The government estimates it loses $11 million a year producing and distributing the penny, and that doesn't include the costs and frustrations for businesses and consumers that use them in transactions.
This is why it's being done.
The +/- pennies will all work out in the end. And if your business can't handle an increase of 2cents per inventory purchase, then you deserve to go out of business.
It's been said before...but maybe I'll reiterate. TOTAL = we can't round to the penny so we round to the 5cent. Unless you do only 3-4cent transactions everyday a million times, this is not even an issue.
-----signature-----
There's some delight in ale and wine,
And some in girls with ankles fine,
But my delight, yes, always mine,
Is to dance with Jak o' the Shadows.
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
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get rid of pennies frees up the materials used to produce them.
which means they can use those materials for nickels and dimes instead and save money on those materials.
the value of coinage is now worthless from a metals perspective and everything devolves to fiat currency and digital debt record.
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Mangler_SC Title: Bellybutton Lint Collector
Posts: 1,856
Registered: 2003-12-2 08:37:05
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Date Posted:
1/1/00 12:00am
Subject:
Bye bye Pennies! |
Brother_Tempus posted:
Ron Paul posted:
I predicted this.
Buy GOLD!
-----signature-----
.
Mangler had an accident on the way home from the liquor store. He was run off the road and crashed into a woman's clinic. It was one giant Pabst smear.
-Bou_Te
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Soylent CLiKK -- It's PEEEEEOPLEEE 
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