Is the Penny here to stay or on its way out?
By coffeebreak
@coffeebreak (17798)
United States
2 responses
@redhotpogo (4401)
• United States
13 Feb 09
Yeah, they've done the quarters, and nickels. All that's left to remake are the pennies, and dimes. I don't think they'll ever get rid of pennies. As long as people need exact change, they'll always have pennies.
@coffeebreak (17798)
• United States
13 Feb 09
It was one of those things few years ago when they had nothing else to do with their time and a big thing went around about taking down pennies...cause they were inconvenient and it'd be so much easier to do $1.00 instead of 99 cents. CAme and went rather quickly tho..they apparently found something else to do with their time.
@dnatureofdtrain (5273)
• Janesville, Wisconsin
13 Feb 09
That was before the economy crash as nothing was worth a penny or 2 cents.. But now with the economy going downhill I think some of these companies who have high supplies and low demands of cheap items would prosper selling items that we 1 cent, 25 cents, or pennies. Good way to make alot of sales.. So they can resume proper production to meet the right demand.. Cutting prices on products and cutting workers pays do to lowering prices is upsetting but it is not as upsetting as fireing workers, and laying off, and the company going out of business for making sales. The only way these companies are going to make it is to make things affordable, and in some cases for like candy that would be mean bringing back penny sales! - DNatureofDTrain
@coffeebreak (17798)
• United States
13 Feb 09
The reason for them discontinuing the pennyin the first place was only as a matter of convenience. They said that in this new age of scanning cards, swiping cards, ATM cards... dealing with actual change is more a nusiance than it is worth.
