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The U.S. Mint is no longer producing pennies. It has been discussed for years. It costs over three cents to make them. I hate to have to say this, but I agree with this decision. It has been a long time coming.
I also heard that nickels are more expensive than their value. That makes me wonder if the U.S. Mint should discontinue production of small coinage. When I was a kid, we had penny candy. We went to Andy’s market across Nichols Street from York School and might spend a nickel or a dime at a time. I picked a penny off the sidewalk one day and bought a tootsie roll. They tossed it in a sink of water as I went out the door.
Walmart and other businesses have already said that they will round a total to the nearest nickel when you are paying cash. They say it may save you a few cents or cost you a couple. They are the ones who are making that decision.
Why are prices not all set to the nearest dime anyway? Why is there even a price on anything that is ninety-nine cents anymore? When I studied marketing, we were told that many see the first numbers of the price. The title of this article registers to me as twenty dollars. Some see it as Nineteen.
I’ve been counting change for sixty-five years or more. I have a jar full of coins. Many of them are pennies. I will continue to save them from my pocket each night. I don’t use cash as much as I once did. When the coins in that jar are worth more than their face value, I will sell them to a coin collector.
I do not see this as being a huge problem. Most transactions are digital. I’ll just be sure that I keep a few coins in my pocket so that I can make exact change when making a cash purchase.
For years, some sellers who specialize in cash have included tax in their price. No coinage is needed when you do it this way. We seem to want to make our population less intelligent and pass on more jobs to artificial intelligence devices. Eliminating the need to count change will make it easier to program these machines. Both human and digital. There was a time when knowing how to count was considered a compliment to your parents and teachers. Should the inability to do so be considered their fault?
If Walmart wants to charge me an extra two cents for my purchase, then I will simply leave that sale on the counter. It will cost more than that to put it away. We don’t go to their stores very much. I have the right in America to patronize whoever I wish.
When I was young, my parents discussed that they did not make mills anymore. This was a coin that was used for taxes and was worth a tenth of a penny. I still have a two-dollar bill that is a silver certificate from Hawaii when my Dad was on a ship in the Pacific during World War II. I wonder if I could sell it and pay off all my debts.
