Is It Time to Kill the Penny?

Re:Is It Time to Kill the Penny? by Blueskytech on Tuesday July 14, 2020 @07:42PM (#23839475)

We shouldn't kill the penny because it is a reminder that our currency has been inflated and is no longer worth a small fraction of what it once was. Never forget that pre-1965 coinage besides the penny was made of 90 percent silver. A face value of 1.40 in pre-1965 dimes and quarters is worth 20.00 today, the fact that a penny, not even made of copper, is too expensive to make should be concerning.

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Re:Is It Time to Kill the Penny? by arcticbull on Tuesday July 14, 2020 @07:44PM (#23839502)

(1) Inflation doesn't matter if you're not hoarding cash. By and large, real estate tracks inflation across the United States. Stock indices exceed inflation. Inflation doesn't matter to you if you aren't holding cash.

(2) It doesn't matter how we got here, we're here, and it's useless.

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Re:Is It Time to Kill the Penny? by Blueskytech on Tuesday July 14, 2020 @09:04PM (#23840079)

You are of course correct until Exters pyramid collapses which becomes more and more a distinct possibility as the currency is debased.

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Re:Is It Time to Kill the Penny? by AnimalMuppet on Tuesday July 14, 2020 @07:49PM (#23839537)

Nit: the nickle wasn't made of silver, either.

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Re:Is It Time to Kill the Penny? by Blueskytech on Tuesday July 14, 2020 @09:05PM (#23840084)

Thank you for pointing this out you are correct and I should have been more precise in my language.

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Re:Is It Time to Kill the Penny? by AnimalMuppet on Wednesday July 15, 2020 @01:29PM (#23848490)

Eh, no worries. As I said, it's a nit, not anything that actually matters.

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