How would you feel if they phased out pennies ?

[against the wind]

I won't miss pennies if the mint stops production. I will continue to dig L.C.'s & IHP's.
I think it would be great to introduce a $2 coin.
I have always laughed at the treasure hunting saying,,
"I won't bend over to pick up a dime,, but I'll dig 8" for a penny"

 

Amazon Forum Fav 👍

DR.ÖTEK Metal Detector, Waterproof Gold Detector, Pinpoint & Terrain Modes, Professional Metal Detector - Grab it through Amazon!

[Honest Samuel]

Think about it. Do you want a pocket full of dollars coins?

 

[Duckshot]

Think about it. Do you want a pocket full of dollars coins?

APMEX sells $1 gold Indian heads for about two hundred a piece.

Yes, yes I do want a pocket full of dollar coins. Two pockets full.

 

[Xraywolf]

Think about it. Do you want a pocket full of dollars coins?

No, what has that got to do with phasing out pennies anyhow ?

$$ coinage has never caught on in modern times, I think it would be very nice if they started making silver plated $5 coins, hell even $20.

 

[Honest Samuel]

I won't miss pennies if the mint stops production. I will continue to dig L.C.'s & IHP's.
I think it would be great to introduce a $2 coin.
I have always laughed at the treasure hunting saying,,
"I won't bend over to pick up a dime,, but I'll dig 8" for a penny"

I do not want dollars in my pockets. Most people do not want the weight of these coins in their pockets.

 

[Honest Samuel]

There are many people who pay the mint for rolls and bags on new pennies far more then face value. That is why the mint will keep making them.

 

[Dan B]

As a Canadian I find some of these comments hilarious. You think $1 and $2 coins are really that heavy? Going to weigh down your pockets? Won't catch on in modern times? Okay, stop now, my sides are starting to hurt from laughter. ��

 

[Xraywolf]

As a Canadian I find some of these comments hilarious. You think $1 and $2 coins are really that heavy? Going to weigh down your pockets? Won't catch on in modern times? Okay, stop now, my sides are starting to hurt from laughter. ��

They have never caught on in modern times, only time I ever see them in circulation is at remote parking stalls, put in a $20 bill and it will spit out $10 in metal coinage.
Hard to even know what to do with them, even some tellers at stores are very awkward accepting them ,having no place in the register for them.

Glad you find it humorous, its just a simple fact that is not likely to change.

 

[gilgar]

^The only reason dollar coins have not caught on here in the US is that they keep making dollar bills. If they stopped then everyone would have no choice but to use the coins. I believe that is what England did with their one pound note.

As for pennies I would adapt but it would really bug the OCD side of me that would want every cash transaction to be "correct" and exact. With that said, I rarely use cash anymore, I put everything on the credit card and pay it off every month both out of convenience and to get the card points which I then cash in.

 

[Slingshot]

Drop the pennies and the $1 bills, then give us a $1 coin to replace the paper bills, and a $2 or $3 coin that isn't ugly as homemade sin, and that are intended to circulate, get lost, and be found by the chosen few...

 

[ChampFerguson/TN]

As a Canadian I find some of these comments hilarious. You think $1 and $2 coins are really that heavy? Going to weigh down your pockets? Won't catch on in modern times? Okay, stop now, my sides are starting to hurt from laughter. ��

The voice of experience.

Dollar coins will catch on very nicely as long as you phase out the dollar bill at the same time. I'm all for it + doing the same for the $5 bill.
Tell me as a detectorist that you don't want to find $5 coins instead of quarters!

 

[WaterScoop]

The voice of experience.
....
Tell me as a detectorist that you don't want to find $5 coins instead of quarters!

That would be AWESOME however I do strongly believe that ALL coins and cash are on their way out. Metal detecting will be the ONLY way to get coins in the future.

Cheers

 

[Honest Samuel]

No, what has that got to do with phasing out pennies anyhow ?

$$ coinage has never caught on in modern times, I think it would be very nice if they started making silver plated $5 coins, hell even $20.

I agree with you about coins dollars will never catch on. People rather carry paper dollars and not coins.

 

[Honest Samuel]

They have never caught on in modern times, only time I ever see them in circulation is at remote parking stalls, put in a $20 bill and it will spit out $10 in metal coinage.
Hard to even know what to do with them, even some tellers at stores are very awkward accepting them ,having no place in the register for them.

Glad you find it humorous, its just a simple fact that is not likely to change.

I agree with your facts. Most people use debit and credit cards and very little need for paper and coins dollars. Thanks for your information.

 

[Duckshot]

That would be AWESOME however I do strongly believe that ALL coins and cash are on their way out. Metal detecting will be the ONLY way to get coins in the future.

Cheers

I very much doubt that the cashless society the banks desire will be accepted by the majority of consumers anytime soon. Many would choose a barter system or some alternative currency before they let it come down to the banks holding not just some of their customers money, but ALL of it.

 

[Honest Samuel]

As a Canadian I find some of these comments hilarious. You think $1 and $2 coins are really that heavy? Going to weigh down your pockets? Won't catch on in modern times? Okay, stop now, my sides are starting to hurt from laughter. ��

You sounds like you are drunk, get help. The United States one dollars coins had never been caught on, and the mints have millions of them in storage because there are very little demand for them as the records show. People use debit and credit cards and have very little need for coins and paper dollars. Also people carry keys and phones and loose change in their pockets. My head hurts from your insults.

 

[bill from lachine]

Folks,
For what it's worth Canada phased out producing pennies in 2000, however, the banks are still obligated to accepted them in roles and send them in for melting.

Insofar as people being afraid of getting short changed financially they either average up or down to the closest 5 cent increment and that's only on the total bill not on each item.....so it's probably a wash at the end of the day.

Regards + HH

Bill

 

[Honest Samuel]

That would be AWESOME however I do strongly believe that ALL coins and cash are on their way out. Metal detecting will be the ONLY way to get coins in the future.

Cheers

You may be right in the future, since most people use credit and debit cards to purchase items.

 

[WaterScoop]

I very much doubt that the cashless society the banks desire.... Many would choose a barter system or some alternative currency before they let it come down to the banks holding not just some of their customers money, but ALL of it.

I couldn’t agree with you more in regards to barter. Here is a law that the “Banksters”snuck in:

Is it legal for a business in the United States to refuse cash as a form of payment?

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues."

This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.

 

[Honest Samuel]

The answer to your interesting question is a big No. Thanks for asking.