Do you think that it's going to be kinda confusing when we won't have pennies anymore?

[sage2021]

They aren't going to be making anymore pennies sometime in 2026.

[Finchie40]

No I think it’s going to be easier , Pennie’s are a pain in the ass , I usually get rid of them right away when I am at the store Zac and put them in the donation bin for others to use , if they need change

[ohsheeT]

Not confusing. But up setting. Because I am a coin collector and there are many penny's worth tons of money

[Screenwriter]

With the combination of taxes and oddly numbered prices, I don't know how they're going to avoid having oddly numbered totals. You can get around this if everyone is paying using cards or venmo, zelle and the like. But not with cash. But a lot of folks don't use cash anymore.

However, I like to tip in cash because it's the only way tip workers get a break in their generally low paying jobs. And it's a little bonus at Farmer's markets to the people there who are working for lower wages and they're bringing you the freshest products.

The problem is there's no getting around the cost hikes for pennies. Unless they want to make them out of another metal and keep the lincoln face. That would solve the problem.

[Likes2drive]

I’m sure you’ll still see them for quite some time after just like I get dollar coins once in a while or even a 50 Cent piece on a rare occasion because there’s so many pennies out there and people have them all over the place they will still be handing them in to the bank at least to get the cash value But some of us do collect certain types and dates of pennies so I imagine that the last year of mint will be a collectors item too, but I still haven’t seen any 2025 pennies

[sage2021]

@Likes2drive

I know that the banks don't accept any unrolled coins to get dollars for and there are so many people who hoard pennies and some fill up empty 5 (10?) empty gallon jugs of water with pennies - I'd sure hate to have to roll them up.
I realize they have stores at the supermarket that has those machines that you can dump your coins in and get a receipt for the money. I wonder if it will have a sign on them "No Pennies"?

[Lliam]

Taking away pennies is fucked up.
Businesses will round up to the next nickle when you pay cash.
Bills from utilities, corporations and on-line businesses will still charge to the last penny.

The eventual idea is to get rid of cash entirely and force people to pay electronically so that the government and banks can track every transaction. No more cash tips. No more donations to street people. No more cash transactions at yard sales. No more anonymity.

And the thing is, coins have intrinsic value. The metal has value. In fact, if you sold pennies for the copper, they are worth more than the denomination value. That's why the fuckers want to take them away from consumers, just like they took silver out of coins years ago.
Paper currency has no intrinsic value and neither does digital currency.

[AviatorTom]

Not a problem. Very few people use cash today anyway, and the specific use of pennies has dropped dramatically over the years. Looking at major countries that use a dollar currency, and an exchange rate close to the US dollar... Canada stopped using pennies in 2012, while Australia and New Zealand stopped using pennies in the 1990s.

Eventually, prices on individual items will be rounded to the nearest 5 cents. Initially, prices to the penny on items will still exist, and when a sale is made, the total will be rounded to the lower 5 cents. That system has worked well in Canada, Australia and New Zealand.

[RavVid]

It was really a blessing when it was done in Australia. Covid was a death blow to cash of any denomination.

I disagree with rounding up to nearest 5 cents etc because that is unnecessary with cards and there is no justification to make the total suitable for a hypothetical cash transaction.

It should only be rounded up if a cash payment is actually being made. Oh and it always seems to be rounded up and never down.

[Simslover92]

Not confusing since most people use cards to pay things with today. I rarely use cash anymore. The only time it's needed is to play the lotto and that will probably soon be electronic. By 2050, currency might be completely different where it's completely electronic.

[Effably]

I have not used physical money in at least 10 years now for my personal use.

So no, not at all. The entire world will gradually shift towards a cashless society. It is convenient and also serves banks and governments really well. Meaning for the ones making the decision removing physical cash is a beneficial decision.

[SixFootSexy]

Unfortunately, losing the penny is a marker that means inflation will keep going on indefinitely. They might soon have 1,000 dollar bills and then 10,000 and so on.

In 1950, a hamburger typically cost around 12 cents. Adjusted for inflation, that would be approximately $3.81 today.

Every fiat currency in history pumps the units and becomes worthless eventually.

[Fireguy17]

I'm sure everything will get rounded up, but who gets to keep the surplus.
With tax price might be $12.51, so your price will now be $12.55.
Who gets to keep the extra, it will add up at the end of the year to a lot of money at high volume stores like walmart etc.

[MrChinaski]

We got rid of 1c and 2c coins 30 years ago. If you pay cash, everything just gets rounded to the nearest 5c. There is talk of getting rid of 5c coins too.

Almost nobody uses cash anyway. ATMs are vanishing. We only have one armoured courier left and the banks are paying them to stay afloat for the next 12 months because otherwise they would be wound up. Nobody knows what will happen after that.

[new-person]

No Canada did away with them, and it was at first kind of fun as you do the round up or down. But some days you are a air head and forget, and when the cashier tells you your like ah right lol. But it is not confusing at all.

[Decemberbaby86]

Nope. Haven't had pennies in Canada in awhile. We just round out. I purchased something today which came out to be $1.98 and I gave her a 2 dollar coin called a toonie and no change. Makes it easier I think.

[lightbulb27]

ha no, instead of "Tip amount" on the screen at 20%, they'll just auto round it up or down and we'll pay another few %.

time to get rid of the pennies or collect them.

[Shiprex]

That's always a sign that progress is happening. Sentimentality doesn't earn money. I believe it is actually more expensive to produce these small denomination coins than the actual worth they display so it's likely a saving.

[TrueConfection]

No. Merchants will do what they do in Europe. They round up to the next dollar.

[TrueConfection]

Or as @Lliam pointed out, perhaps the next nickle. That’s only until coins have been completely removed.

They count on the population to believe that getting rid of a few pennies is no big deal. That way, getting rid of the rest of the coins won’t seem like a big deal either. Then they will take away cash all together and no one will bat an eye eyelash.

[just_a_potato]

They can no longer haunt me... I choked on a penny once as a young lass. No more torment for this potato. 😔

[exitseven]

Yes, how are we expected to make change? This is just another assault to paying in cash.

[MrShaun]

As long as I can round down when paying and round up when getting change back.

[douride2]

We quit using the penny about 13 years ago here in Canada. It made very little to no difference in my day to day dealings.

[ilistengood]

I wonder what thoughts will go for when we have no more pennies.

[Miah06]

Tbh. I ain't used actually money since HS. For concession stands at sports events.

I only use debit card or cash app

[Anonymous]

Other countries have successfully eliminated the penny. I’m confident at least some American’s will figure it out.

[Godihateyou]

I haven't touched a check book or cash in 15 years. They dont even print the fake money they fake pay you forn40 hours of hard labor. Get Bitcoin or die poor.

[Kelly6]

@sage2021 No would even notice because no one uses it

[seeyounexttuesday]

Nope. Everything will be rounded to the nearest nickel. Now things will be 99.95 instead of 99.99.

[Anonymous]

Pennies did add up when we didn’t have enough change or just needed that one penny

[blondfrog]

Yes it will and if this isn't proof that our economy is getting worse than u don't know what is.

[Josef_89]

Yes, the rich got richer, the poor got poorer

[shortster]

That doesn't mean we won't still have the ones still in circulation.

[chocolatetwopointo]

in what way would it be confusing? if anything it’ll be smarter

[WonderingManII]

I like Pennies.

[jazzy34]

It’s definitely going to take some getting use to.

[Alex-Snow]

Not at all they are a pain in the ass anyway

[Sal_Monella]

Retail vendors should round up accordingly.

[Alexa1999_]

Pennies are for the wishing well.

[Anonymous]

I think it's going to be very confusing.

[Jennz6]

Nope

[eagle1951]

nope