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And know what else? If it happens they're going to count on people to round to the nickel when using cash. But they figure they'll just charge the exact price when paying with credit, debit or check. So the concept of the cent won't go away, just the coin itself. They say it won't cost the average consumer much--maybe $2 a year lost or gained--but that the expense of the penny plus the added three seconds per cash transaction where pennies are used make it justified.
but then there's that pesky problem of melting down all the pennies they collect if they remove them from circulation. personally, I think we should focus on homelessness and starving people in the US rather than debating the value of the penny, but that's just my two cents.
don't groan, you know you were waiting for me to say it.
Happy First Day of Summer!
2 comments:
I laughed.. and, no, I didn't see it coming - must be losing my edge.
I didnt even know it was the first day of summer! Hooray! :)
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