D•Scribe
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
PhilipTheBucket@ponder.catM to US News@ponder.cat · 11 days ago

US Treasury confirms the end of the penny

www.bbc.com

external-link
message-square
17
fedilink
36
external-link

US Treasury confirms the end of the penny

www.bbc.com

PhilipTheBucket@ponder.catM to US News@ponder.cat · 11 days ago
message-square
17
fedilink
There has been a long debate over the cost and usefulness of one cent coins in the US.
alert-triangle
You must log in or register to comment.
  • thesohoriots@lemmy.world
    link
    fedilink
    English
    arrow-up
    29
    arrow-down
    2
    ·
    11 days ago

    The phasing out of the coins will mean businesses will need to round prices up or down

    • FiveMacs@lemmy.ca
      link
      fedilink
      arrow-up
      14
      ·
      11 days ago

      Canada did it.

      If you pay in cash, it’s rounded up (obviously)

      If you pay digitally, nothing changed.

      Over a decade, you probably won’t even lose a dollar unless you only pay in cash for everything.

      • Entheon@lemmy.world
        link
        fedilink
        English
        arrow-up
        11
        arrow-down
        1
        ·
        11 days ago

        I don’t have faith that the US can do such a straightforward system without gouging

      • buffing_lecturer@leminal.space
        link
        fedilink
        arrow-up
        6
        ·
        11 days ago

        If you pay cash its rounded to nearest 5¢, up or down. At least this has been the case in my experience.

        • FiveMacs@lemmy.ca
          link
          fedilink
          arrow-up
          2
          ·
          11 days ago

          Yes, my bad. To the nearest 5 cent.

    • Rentlar@lemmy.ca
      link
      fedilink
      arrow-up
      3
      ·
      11 days ago

      In Denmark they had rounding up or down to the nearest 25, now the 50 øre piece. If you’re half way in many countries the shop can pick. Electronic payments can still be to the lowest significant digit.

      • hitmyspot@aussie.zone
        link
        fedilink
        arrow-up
        1
        ·
        11 days ago

        Australia rounds to nearest 5c also. Digital remains the same exact to the cent.

  • Skullgrid@lemmy.world
    link
    fedilink
    arrow-up
    19
    arrow-down
    1
    ·
    11 days ago

    CGP Grey is already moving the goalposts

    https://www.youtube.com/watch?v=58SrtQNt4YE

    • PhilipTheBucket@ponder.catOPM
      link
      fedilink
      arrow-up
      10
      ·
      11 days ago

      Holy God this is hilarious

  • edgemaster72@lemmy.world
    link
    fedilink
    arrow-up
    12
    arrow-down
    1
    ·
    edit-2
    11 days ago

    I’m sure this will be enacted with all appropriate considerations and precautions, to ensure the smoothest transition possible

  • formergijoe@lemmy.world
    link
    fedilink
    arrow-up
    9
    ·
    11 days ago

    RIP to the squish a penny into a souvenir machine industry

    • hitmyspot@aussie.zone
      link
      fedilink
      arrow-up
      2
      ·
      11 days ago

      Squish a nickel?

  • Kalon@lemmy.world
    link
    fedilink
    arrow-up
    6
    arrow-down
    3
    ·
    11 days ago

    Good. They should get ride of the penny and the dollar bill.

    More dollar coins and two dollar bills.

  • FaceDeer@fedia.io
    link
    fedilink
    arrow-up
    2
    ·
    11 days ago

    Every once in a rare while even a clock as broken as Trump can be correct.

  • RizzRustbolt@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    11 days ago

    Yay, $700,000 a year saved!

    • cryptiod137@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      11 days ago

      Closer to $179,000,000 saved but I’m guessing you were rounding

  • Lovable Sidekick@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 days ago

    Penny? knock-knock Penny? knock-knock Penny?

US News@ponder.cat

usa@ponder.cat

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !usa@ponder.cat

US-specific news

Rules:

  1. Try to keep the political or Trump-related content to a mild torrent.
  2. Reliable sources only.
  3. Articles are good. Self-posts or blog posts by professionals or journalists are fine. Memes or random blogs, no.
  4. Post title must match the headline. Edits for clarity are fine.
  5. Don’t be a jerk.
  6. No racism, no bigotry, no spam.
  7. Be productive.

Other communities of interest:

  • !world@quokk.au
  • !politics@sh.itjust.works
  • !news@lemmy.world
  • !usnews@beehaw.org
  • !askusa@discuss.online

Icon courtesy Dighital - Flaticon

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 35 users / day
  • 164 users / week
  • 889 users / month
  • 1.11K users / 6 months
  • 1 local subscriber
  • 265 subscribers
  • 209 Posts
  • 231 Comments
  • Modlog
  • mods:
  • PhilipTheBucket@ponder.cat
  • Deceptichum@quokk.au
  • UI: unknown version
  • BE: 0.19.9
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code
  • join-lemmy.org