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I think the value of pennies to the economy is negative. Every time I have to handle a penny it wastes my time and energy for no gain. I never find having a pe
by telchar 8y ago
I think the value of pennies to the economy is negative.
Every time I have to handle a penny it wastes my time and energy for no gain. I never find having a penny useful unless it will prevent me from getting more pennies. Multiply that by everyone in the country and that is quite a waste of time (i.e. money). There would be almost no loss of economic efficiency if we get rid of pennies but a nice savings in real time and energy, to say nothing of the waste that mining, refining, stamping and distributing them costs.
- InternetUser 8y agoWhy don't you just do what I do: when you buy something in-person with cash and there's change, count the paper money and then just hastily count out the change, knowingly giving more then the exact cent amount, and say "Keep the change, and no need for the receipt." Precious seconds can be saved every time. Also, if I'm in line behind someone who is taking too long with anything up to 2 dollars, I just say "I'll pay it" or I even quickly hand the cashier the money.