The penny will go first. Eventually all prices will round to the next dollar and coins under a dollar will become collectors items. The equivalent has happened in many, many countries, and we are well down that path.
Yeah, it’s funny but I always keep pennies. Never seem to be able to get rid of them. I look forward to finding a nickel in my pocket.
http://dontarrestus.com
Gotta show my age - when I was a youth in Missouri, we had a plastic state coin called a mill - worth a tenth of a cent, and used to pay sales tax (there were also 5 mill pieces). They disappeared in about 1960, when sales tax went to two percent (retailers were required to collect a penny on odd amounts of 26-75 cents, IIRC).
pschearer Premium Member over 15 years ago
The penny will go first. Eventually all prices will round to the next dollar and coins under a dollar will become collectors items. The equivalent has happened in many, many countries, and we are well down that path.
BlueRaven over 15 years ago
Name ten countries that don’t have a one-cent equivalent, pschearer. That claim keeps coming up and it never proves true.
lalas over 15 years ago
Turkey (when I was there in 2000) was 500,000 Turkish Lira to $1. I’m pretty bleeep sure I never saw a penny.
LOL! btw… bleeep = d a r n
efhaynes over 15 years ago
Yeah, it’s funny but I always keep pennies. Never seem to be able to get rid of them. I look forward to finding a nickel in my pocket. http://dontarrestus.com
lincolnhyde over 15 years ago
Gotta show my age - when I was a youth in Missouri, we had a plastic state coin called a mill - worth a tenth of a cent, and used to pay sales tax (there were also 5 mill pieces). They disappeared in about 1960, when sales tax went to two percent (retailers were required to collect a penny on odd amounts of 26-75 cents, IIRC).