Thursday, December 03, 2009

It doesn't make cents!

Why are there still pennies?
Would it bother you if that item that costs $3.99 now cost $4.00 (or $3.95)?
Can you buy anything for less than five cents anymore?

Try walking around walking around with a dollars worth of pennies in you pants pocket sometime... Without a belt...

I cannot think of one good reason to keep them around. A friend of mine was recently complaining that his bank won't take them unless they were rolled. I don't blame them one bit. Would you give me a ten dollar bill for six pounds of pennies? You'd be making about eighty eight cents on the transaction... Probably only take you a half hour to count them... People forget that the bank has to pay the person that has to count them, and the machine they use probably costs a pretty penny too.

As of 2007, the penny cost 67% more to distribute than it is worth. All that work to get thrown away or thrown in a box in the closet.

Read more here...


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