Businesses are running out of pennies in the US

https://www.bbc.co.uk/news/articles/c20556ly45eo

by JustSkyfall • 9 months ago

5 3 9 months ago

bbc.co.uk

mooreds• 9 months ago

I was at a gas station a few weeks ago and they were giving out stuff for rolls of pennies.

I don't remember the exact details, but I think it was a reduced-price donut or something similar if you provided 2 rolls of pennies. (The pennies had to be rolled.)

I thought: wow, they must really want pennies.

cmurf• 9 months ago

Treasury should offer to pay 5 cents per penny turned in. That's a penny more than it costs to make, but probably still cheaper than the cost to resuming making them, and might incentivize getting stagnant pennies to move out of circulation.

Set dates to reduce this payment, eventually to 0, thus expiring the penny.

gus_massa• 9 months ago

You can sell AR$10 (US$0.007) coins to collectors for AR$3000 (US$2) approximately. They are unofficially out of circulation since 2020 IIRC. (They are in theory still valid, but it's hard to find something to buy with them. Prices are rounded to AR$100 (US$0.07).)

Businesses are running out of pennies in the US

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