Even though we have Cents not Pennies.
114 billion out there now.
This year will be the last run?
Grab some for the great grand kids.
Sales in the future will be rounded to 5c.
Bet it’s always rounded up.
All the Best, Jeff
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From what I hear, it costs more than five cents to make the nickle, so the U.S. is losing money on them, too. 
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I don’t understand how the US government ever made money by minting coins.
[Edit: OK, flydiver, I get it… I should have said that I don’t understand how the U.S. government ever earned revenue from minting coins, unless of course you count the eventual effect on the economy and resulting tax revenue from the coins circulating, but that kind of revenue still accrues to the government, even when the cost of minting the coins increases]
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Read that carefully a couple times… 
FWIW, before COVID we generally had about $300 cash around and used it on a 1-3/month basis. Now…barely use any cash money for anything. This is a person that was…forced…to get a credit card, to get a credit ‘score’, for a bank home loan. We had no debts, and paid cash for everything, including cars. Couldn’t do that for a house.
Still don’t ‘like’ credit cards. Financial institutions have WAY WAY WAY too many scams, ALL of them.
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Yes I agree, 500 years from now they will be highly collectable. A penny may be even worth two pennies by then.
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In NL this happened some years ago. The cost to make a cent piece was almost three cent. Our cent remains an official member of the currency team. So you can still pay in cents if you want. In the supermarket the usual prices remain the same but the total at the checkout is rounded. If the last number is 1 or 2 cents, the total is rounded to 0. If the last number is 3 or 4 cents, the total is rounded to 5. Statistically nobody gets hurt. But you won’t get any change in cents.
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A nickel ain’t worth a dime anymore.
Yogi Berra
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IMO, let’s also get rid of the paper $1 and $2 bills.
although we pay cash for everything we possibly can, eliminating the penny makes sense.
my guess is, they will disappear from circulation fairly quickly because:
- a lot of people do not use them now.
- some will hoard them for any number of reasons.
- retailers will refuse them since they will be “unauthorized” somehow.
the penny will still be around for a long time, just not for economic purposes.
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Canada discontinued pennies over 20 years ago. They are still official tender but not in general circulation. Retailers are not obligated to take them. There is an official round up-down when the sale is tallied with tax added.
The penny has outlived its usefulness, IMO.
Can’t remember the last time I had any change in my pocket.
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Still looking for a 43 copper.
Canada stopped production of the penny in 2012.
And then they set out on a program to actively remove them from circulation. They removed approximately 3.5 billion in the first year. And then approximately 6 billion by year 3.
This story from The mint is 3 years old.
I’d like to see the US nickel go away also. It’s much larger than a dime. It probably weighs as much as three dimes. I don’t like carrying them.
I think we need to keep the dime. I always carry one in case I need to make a call from a public phone booth.
A joke, right?
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Did you laugh or raise an eyebrow?
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Both, in that order
Parking meters don’t even need coins anymore
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Go with your first intuition. “First intuition” is redundant.
Fun fact, based on my memory.
When I got my first cell phone, it was a bag phone, a long distance call out of state was $1.00 minimum for the first minute. I’m pretty sure it was still only 25 cents at the payphone.
Do you expect advertised prices to still end in 99 cents or change to 95 cents or even dollar amounts? I think they will stay at 99 cents similar to gas prices at 9/10 of a cent. The 9/10 is a pet peeve to me
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