It was only a matter of time. You might want to post a link to an article from a free site though. I'm a WSJ subscriber, but many others on here may not be.
In a way, rounding to the nearest nickel makes sense. After all, IRS rounds to the nearest dollar when doing taxes.
Getting rid of a low denomination coin isn't without precedent since the USA had half cent coins until 1857. Not sure how the phase out worked, or how long it took, but it must not have been too traumatic.
This lion thinks this decision is logical. Indeed, it is somewhat overdue.
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The only real value of pennies is to fuck with hairless apes. For example, you want to purchase something that is $50 you can show up with 5,000 pennies for shits and giggles. If you get a complaint you simple growl and say “you’re takin’ the frickin’ pennies or Imma go all wildebeest on your ass”. ROAR!!!
I forgot one other benefit of the pennies, although this is really a Canadian penny thing and those crazy Canucks stopped making their pennies about 10 years ago.
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Anyhoo, if you go to Canada and get a large number of pennies you can get free money. You go to one of those machines where you feed in change and it gives you a receipt for actual money. But here’s the thing: those machines give you about 95 cents on the dollar. But here’s the other thing: the CAD to USD exchange rate is typically around 0.7 USD to 1 CAD. Perhaps the smartest of you damn dirty apes can see where this lion is going, but I’ll spell it out for the Gammas and Skifredos in our midst…as long as the CAD to USD exchange rate is below the return on a change machine you make a profit. Moreover, it’s frickin’ funny to pull this shit.
.
I wonder if Canadian nickels work too. Inquiring lions want to know. And get some shits and giggles. ROAR!!!
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last commentIt was only a matter of time. You might want to post a link to an article from a free site though. I'm a WSJ subscriber, but many others on here may not be.
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^ I saw this on Apple News earlier I’m pretty sure my link was to the free version
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Just another way to rip people off
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Waffle House already includes tax in the menu prices. So no penny's needed.
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I’m trying to figure out how this works? So everything after tax has to have a total ending in .00 or some denomination of .05?
Or all prices remain the same then at the register it’s rounded up or down?
Doesn’t matter with debit or credit cards but with cash, it’s a different story.
Will probably be a decade before they get rid of every penny in circulation anyway.
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Europe already does this. The smallest Euro coin is 5 cents. It's the smart thing to do when the coin is worth less than the cost.
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Finally Democrats and Republicans agree on something.
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Good call - finally.
However, it costs almost 14 cents to manufacture a nickel. Hmmm
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In a way, rounding to the nearest nickel makes sense. After all, IRS rounds to the nearest dollar when doing taxes.
Getting rid of a low denomination coin isn't without precedent since the USA had half cent coins until 1857. Not sure how the phase out worked, or how long it took, but it must not have been too traumatic.
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This lion thinks this decision is logical. Indeed, it is somewhat overdue.
.
The only real value of pennies is to fuck with hairless apes. For example, you want to purchase something that is $50 you can show up with 5,000 pennies for shits and giggles. If you get a complaint you simple growl and say “you’re takin’ the frickin’ pennies or Imma go all wildebeest on your ass”. ROAR!!!
Log in to vote
I forgot one other benefit of the pennies, although this is really a Canadian penny thing and those crazy Canucks stopped making their pennies about 10 years ago.
.
Anyhoo, if you go to Canada and get a large number of pennies you can get free money. You go to one of those machines where you feed in change and it gives you a receipt for actual money. But here’s the thing: those machines give you about 95 cents on the dollar. But here’s the other thing: the CAD to USD exchange rate is typically around 0.7 USD to 1 CAD. Perhaps the smartest of you damn dirty apes can see where this lion is going, but I’ll spell it out for the Gammas and Skifredos in our midst…as long as the CAD to USD exchange rate is below the return on a change machine you make a profit. Moreover, it’s frickin’ funny to pull this shit.
.
I wonder if Canadian nickels work too. Inquiring lions want to know. And get some shits and giggles. ROAR!!!
Log in to vote