News for hackers. Stuff that matters.
Re:What This Country Needs is an 18¢ Piece [pdf] by gkoberger on Saturday December 16, 2023 @12:02PM (#38665767)
Maybe it's corruption, but my guess is it's just never been important enough to push through. Imagine all the work that would go into phasing out coins, both politically and logistically... all for what?
Re:What This Country Needs is an 18¢ Piece [pdf] by JumpCrisscross on Saturday December 16, 2023 @12:13PM (#38665895)
> Maybe it's corruption

It's not corruption. It's what I'll call the interest-group problem.

Pennies are an issue a few people care deeply about and most people don't. It's electorally thrifty to accomodate those few, and so electeds do. It's an easy win, particularly in a partisan environment that punishes consensus building as betrayal of one's base.

Put another way, keeping the penny won't piss anyone off enough to get one primaried. Killing the penny might.

Re:What This Country Needs is an 18¢ Piece [pdf] by appleskeptic on Saturday December 16, 2023 @12:04PM (#38665795)
I imagine it would cost less than all the money collectively spent on minting them and buying and maintaining machinery to handle them. Even better if they got rid of the quarter too. But yeah, I can see why no politician has decided to make this their signature issue.
Re:What This Country Needs is an 18¢ Piece [pdf] by galangalalgol on Saturday December 16, 2023 @12:05PM (#38665798)
Dollar coins got phased in and out a couple times with no seeming issues.
Re:What This Country Needs is an 18¢ Piece [pdf] by ghaff on Saturday December 16, 2023 @12:14PM (#38665914)
Well, I think the issue has been people don't mostly like them or use them.

I don't know why the US is uniquely(?) in this stasis around the denomination of money in circulation. Of course, at this point, it's pretty academic.

Pennies should have been gone decades ago. And it's still hit or miss to use anything above a $20 especially in a smaller store.

Re:What This Country Needs is an 18¢ Piece [pdf] by JumpCrisscross on Saturday December 16, 2023 @12:16PM (#38665933)
> people don't mostly like them or use them

This is also true of pennies.

Re:What This Country Needs is an 18¢ Piece [pdf] by ghaff on Saturday December 16, 2023 @02:12PM (#38666882)
Certainly. Pre-COVID lots of places had little dishes near the register where people could toss one or two pennies in and take one or two out.