Serious question about losing the penny

I suspect any value as a collectable for pennies won't mean that much. Collectable coins have value due to high demand, condition of the coin and mint marks among other things. I don't see the typical penny ever being worth hundreds of dollars each just because they are no longer being produced.
 
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I agree sam_gordon but surely intelligent people can see that .99 is just a marketing ploy. That said, there must be shoppers who fall for the nonsense or the stores, car dealerships etc wouldn't do it.
Not all of them. It get's my wife fairly regularly. She'll come tell me about something and tell me it's $20. It's really $29.99.
It was on the dispensary website I was looking at, and a Google search revealed it is against federal law to buy marijuana in person or online with a credit card. So if done, it is being done illegally.

https://www.nerdwallet.com/credit-cards/learn/buy-marijuana-credit-card
https://deltaboyz.com/
All of it is being sold illegally. Marijuana sales is still a federal crime. But there is no federal will to prosecute. I know there are some states and dispensaries that take it more seriously than others. I've purchased in CO and had both cash only and pay by credit card with an additional fee at two places only blocks apart.
 
I've wondered the exact opposite. - Should I save my pennies because they're going to be collectors' items worth more? (I don't have nearly as many, though.)
Maybe in 100+ years from now. But not in our lifetime. The only reason there is suddenly a shortage is because people are not spending/re-circulating them. They throw them in the coin jar

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Math is hard for some people
 

DW works as a clerk at a store. I asked her how they handle pennies.

She said if someone wants to pay with pennies, they accept them.
If she needs to give change in pennies, she does, as long as she has the pennies to do so. If not, it comes down to rounding.
 
DW works as a clerk at a store. I asked her how they handle pennies.

She said if someone wants to pay with pennies, they accept them.
If she needs to give change in pennies, she does, as long as she has the pennies to do so. If not, it comes down to rounding.
But does she run out of pennies? I have not run into that anywhere, yet. Now during the pandemic, some places ran out of ALL coins. I started buying my Lottery tickets with my stockpile of quarters. Owner said he would buy all the quarters I had.
 
But does she run out of pennies? I have not run into that anywhere, yet. Now during the pandemic, some places ran out of ALL coins. I started buying my Lottery tickets with my stockpile of quarters. Owner said he would buy all the quarters I had.
She said when she has her own drawer (working a full shift), she'll get a dollar in pennies, and there's no issue. However, she has ran out when using someone else's drawer (if she's only doing 3-4 hours).
 
I have two sandwich bags full of pennies so I don't expect it will have any impact on me anytime soon.
Time will tell. I have not seen a business in Northern California.....or Southern California where I am frequently, that did not still have pennies.

I've been to a specific restaurant that has (for most transactions) been rounding up or down for the past few years even though the penny was still being minted. The only issue was that it was inconsistently rounded. And more recently I have received pennies as change or I was able to use my pennies there for purchases.

But the oddball thing is that previously, their prices were "all inclusive" with sales tax factored into the purchase price, where they would figure out what went to sales taxes depending on overall receipts. So all prices ended in at least a five cent (typically 25 cent) increments anyways to the point where they rarely dealt with pennies unless the customer insisted on paying with a few. They only switched to a tax added basis when their prices started to increase and they wanted to keep a lower price on the menu. Even their beverage prices were figured with the CRV and sales tax already figured in.
 
I've been to a specific restaurant that has (for most transactions) been rounding up or down for the past few years even though the penny was still being minted. The only issue was that it was inconsistently rounded. And more recently I have received pennies as change or I was able to use my pennies there for purchases.

But the oddball thing is that previously, their prices were "all inclusive" with sales tax factored into the purchase price, where they would figure out what went to sales taxes depending on overall receipts. So all prices ended in at least a five cent (typically 25 cent) increments anyways to the point where they rarely dealt with pennies unless the customer insisted on paying with a few. They only switched to a tax added basis when their prices started to increase and they wanted to keep a lower price on the menu. Even their beverage prices were figured with the CRV and sales tax already figured in.

I go to a brewery that used to have tax inclusive prices but a few years ago switched to tax added. The $15 burger was still $15 but now you paid the 9.85% sales tax on that item. It was a way of increasing prices without actually showing the increase on the menu. Prices have since increased and that $15 burger is now $17.50.
 
I've been to a specific restaurant that has (for most transactions) been rounding up or down for the past few years even though the penny was still being minted. The only issue was that it was inconsistently rounded. And more recently I have received pennies as change or I was able to use my pennies there for purchases.

But the oddball thing is that previously, their prices were "all inclusive" with sales tax factored into the purchase price, where they would figure out what went to sales taxes depending on overall receipts. So all prices ended in at least a five cent (typically 25 cent) increments anyways to the point where they rarely dealt with pennies unless the customer insisted on paying with a few. They only switched to a tax added basis when their prices started to increase and they wanted to keep a lower price on the menu. Even their beverage prices were figured with the CRV and sales tax already figured in.
Disneyland is the only place I have seen restaurants include tax. Only reason I have even paid attention is that I am on the board of directors of a civil group that meets for lunch, and we have used three different restaurants in the past few years. We have between 40 and 100 people per lunch. The current restaurant does NOT add automatically add gratuities, nor did the one before. But the restaurant we used until before those two did, and they calculated the 18% tip on the total AFTER sales tax. That can add close to $20 to the tip just on the sales tax on a $1,000 tab. And tip is supposed to be calculated only on the cost of the food, Our Treasurer always made them recalculate it to reflect no tip on the sales tax portion of the bill.
 
This conversation sounds so retro lol. Like discussing keeping your VCR and landline

I not only have my VCR it is hooked up to my TV and I watched a tape a couple times in the past year or so. No landline though.

I have a good friend who has 7 VCR's and a growing collection of tapes numbers a few hundred. He has a couple Beta Max players & tapes as well as a laser disk player and disks. All are hooked up to an old tube TV.
 
I not only have my VCR it is hooked up to my TV and I watched a tape a couple times in the past year or so. No landline though.

I have a good friend who has 7 VCR's and a growing collection of tapes numbers a few hundred. He has a couple Beta Max players & tapes as well as a laser disk player and disks. All are hooked up to an old tube TV.
And? Still consider retro.
 
And tip is supposed to be calculated only on the cost of the food,
I agree but more often than not it's calculated post-tax. I don't think there's a rule though either way, it's down to how a place of business sets up their software calculations (which seem to be more after tax more often than not).
 
I not only have my VCR it is hooked up to my TV and I watched a tape a couple times in the past year or so. No landline though.

I have a good friend who has 7 VCR's and a growing collection of tapes numbers a few hundred. He has a couple Beta Max players & tapes as well as a laser disk player and disks. All are hooked up to an old tube TV.
My wife's step sister has over 1,000 movies on Beta. She and her husband were stationed in Japan in the late 1980s. Beta was the big format there, not VHS. They ran out and bought a new Beta machine in 2002 when Sony announced they were no longer going to make them. I am surprised to see you can still get new VHS decks, but only ones I find are combos with DVD players.
https://www.walmart.com/ip/SYLVANIA-DVC840F-DVD-VCR-combo/885012560?classType=REGULAR&from=/search
 
My wife's step sister has over 1,000 movies on Beta. She and her husband were stationed in Japan in the late 1980s. Beta was the big format there, not VHS. They ran out and bought a new Beta machine in 2002 when Sony announced they were no longer going to make them. I am surprised to see you can still get new VHS decks, but only ones I find are combos with DVD players.
https://www.walmart.com/ip/SYLVANIA-DVC840F-DVD-VCR-combo/885012560?classType=REGULAR&from=/search

Friend buys them at Goodwill for like $5. No way would he spend $600 for one.
 
Not saying it's not.
Yeah for that poster they've been removed from the initial impact for a long enough time period due to their own country's decisions they may have forgotten what it was like during the initial announcement and then the initial implementation. And the two countries aren't the same, some effects to people can be the same but others aren't with differing make up of the populations between the two countries. Not for nothing but landlines aren't nearly as prevalent as they used to be but they still are around for one reason or another in many states. We built our house in 2014 without a landline but about 30% of my state as of 2024 still had them obviously not a majority by any means but some states were much closer like Connecticut that had just under 48% having a landline.
 

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