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RE: One Cent Coins are Expected to Stop Entering Circulation Early Next Year

in #leofinance7 months ago

The penny has seemed pretty irrelevant for a long time now. Learning how much it costs them to make the penny and nickel makes me wonder why they haven't discontinued both already. At this point, I think every country should just have one coin, make it useful (parking meters, what not), and cool designs that are maybe changed often and can be collected. I remember when they did the state quarters for a long time, and trying to collect them all as a kid. It would be cool if the penny is actually worth something some day after discontinuation.. maybe even in my lifetime haha

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I think some pennies will go up but i think money will mostly go online. We just need to get away from all these processing fees which pad cooperate profits.

Yeah, completely agree. More than enough padding for corporate profits already!