this post was submitted on 22 May 2025
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US Treasury confirms the end of the penny (www.bbc.com)
submitted 2 months ago by PhilipTheBucket@ponder.cat to c/usa@ponder.cat
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[–] thesohoriots@lemmy.world 27 points 2 months ago (2 children)

The phasing out of the coins will mean businesses will need to round prices up or down

[–] Fiivemacs@lemmy.ca 14 points 2 months ago (2 children)

Canada did it.

If you pay in cash, it's rounded up (obviously)

If you pay digitally, nothing changed.

Over a decade, you probably won't even lose a dollar unless you only pay in cash for everything.

[–] Entheon@lemmy.world 10 points 2 months ago

I don't have faith that the US can do such a straightforward system without gouging

[–] buffing_lecturer@leminal.space 5 points 2 months ago (1 children)

If you pay cash its rounded to nearest 5¢, up or down. At least this has been the case in my experience.

[–] Fiivemacs@lemmy.ca 2 points 2 months ago

Yes, my bad. To the nearest 5 cent.

[–] Rentlar@lemmy.ca 3 points 2 months ago (1 children)

In Denmark they had rounding up or down to the nearest 25, now the 50 øre piece. If you're half way in many countries the shop can pick. Electronic payments can still be to the lowest significant digit.

[–] hitmyspot@aussie.zone 1 points 2 months ago

Australia rounds to nearest 5c also. Digital remains the same exact to the cent.

[–] Skullgrid@lemmy.world 18 points 2 months ago (1 children)

CGP Grey is already moving the goalposts

https://www.youtube.com/watch?v=58SrtQNt4YE

[–] PhilipTheBucket@ponder.cat 10 points 2 months ago

Holy God this is hilarious

[–] edgemaster72@lemmy.world 11 points 2 months ago* (last edited 2 months ago)

I'm sure this will be enacted with all appropriate considerations and precautions, to ensure the smoothest transition possible

[–] formergijoe@lemmy.world 9 points 2 months ago (1 children)

RIP to the squish a penny into a souvenir machine industry

[–] hitmyspot@aussie.zone 2 points 2 months ago

Squish a nickel?

[–] Kalon@lemmy.world 3 points 2 months ago

Good. They should get ride of the penny and the dollar bill.

More dollar coins and two dollar bills.

[–] FaceDeer@fedia.io 2 points 2 months ago

Every once in a rare while even a clock as broken as Trump can be correct.

[–] LovableSidekick@lemmy.world 1 points 2 months ago

Penny? knock-knock Penny? knock-knock Penny?

[–] RizzRustbolt@lemmy.world 1 points 2 months ago (1 children)

Yay, $700,000 a year saved!

[–] cryptiod137@lemmy.world 2 points 2 months ago

Closer to $179,000,000 saved but I'm guessing you were rounding