Posts Tagged ‘penny’

  • Phasing out the penny from the money supply

    My Two Cents About Pennies

    Sep 23, 14 • 206 Views • No Comments

    Expensive for the U.S. mint and worthless to consumers, the penny still remains a part of the U.S. money supply although phase-out laws have been proposed....  [read more]

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    Coin Matters

    Apr 27, 12 • 344 Views • No Comments

    Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess we take change for...  [read more]

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    Should We Keep the Penny?

    Apr 9, 12 • 418 Views • No Comments

    Because cost is up and use is down, the Royal Canadian Mint stopped producing pennies and, during the fall, will stop distributing those that exist. Should we also eliminate the penny? Pennies are expensive. At 2 1/2 cents a piece, making and distributing...  [read more]

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    An Annoying Penny

    Jan 16, 12 • 430 Views • 2 Comments

    People do not want to pay $2.01 for a tall coffee at Starbucks. No, the problem is not the $2.00. The problem is the penny. Starbucks recently raised the price of a tall coffee to $1.85 in NYC. With tax, the total is $2.01. As a result, baristas are dipping...  [read more]

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    A Plastic Penny?

    May 12, 10 • 282 Views • No Comments

    How do you feel about the penny and the nickel? If you care about the federal budget, you might want to mint them more inexpensively. But, if you own a laundromat, you disagree.    Pennies are actually copper coated pieces of zinc while nickels are...  [read more]