Comments on: The Death of the Penny – US Mint to Cease Penny Production in 2011

By: Ryan

Ryan — Thu, 22 Sep 2011 17:35:51 +0000

Zachary, this post was originally published Apr 1, 2009 as an April Fool’s Day joke.

By: Zachary

Zachary — Thu, 22 Sep 2011 16:10:06 +0000

I am going to use this article as a source for a Debate Team evidence project, can someone tell me when this article was published? I can’t find it.

By: Ryan

Ryan — Thu, 15 Sep 2011 19:02:46 +0000

I wasn’t aware that Australia did this, but I have been in other places where they do it. It was surprising at first, then liberating. Though I can certainly understand why many people would be upset if the US did away with the penny.

By: Rach

Rach — Thu, 15 Sep 2011 16:21:21 +0000

Just as a note, Australia definitely does this. They don’t have less than a 5 cent coin. If something costs $2.56 or $2.57 they’ll round down to $2.55 and if it’s $2.58 or $2.59, they’ll round up to $2.60. It’s a workable system, though surprising if you’re not expecting it.

By: TTT

TTT — Sat, 29 Jan 2011 21:11:45 +0000

Um, this makes no sense. You can’t make a profit on something that costs more to make than you sell it for. Let’s say you make a billion pennies ($10 million face value) which costs you $16 million to make–a $6 million loss. If they all fall out of circulation you have to make another billion pennes, at a cost of another $16 million, and a loss of another $6 million.

By: Wayne

Wayne — Sun, 09 Jan 2011 19:07:39 +0000

Kind of figured a joke when I saw Abes’ mouth open in display.

By: Thomas Fry

Thomas Fry — Fri, 17 Dec 2010 01:55:45 +0000

pheewww…
Gosh man, u totally got me.
Your good.

By: Anthony Bovino

Anthony Bovino — Tue, 16 Nov 2010 21:16:42 +0000

The government is always crying about how the penny costs more to make than ithe penny is worth but you never hear that a dollar bill costs six cents to make. And a one hundred dollar bill costs six cents too. Then they sell the six cent one hundred dollar bill to the federal reserve for one hundred dollars. That’s not a bad mark up! So we should feel sorry for them?! What a scam!!!