Posted: Sun Mar 13, 2011 8:08 pmCorsair wrote:Those who anger over principles can always change their principles.
Posted: Sun Mar 13, 2011 9:25 pmCorsair wrote:Those who anger over principles can always change their principles.
Go Cards.
). But it is inevitable i imagine. Unless there was massive deflation! Unlikely though. 
Posted: Sun Mar 13, 2011 11:05 pmjerry278 wrote:Corsair wrote:Those who anger over principles can always change their principles.
Go Cards.
Thats true. I frankly dont mind the extra .5 rounded up or down. Certain people will however (not if its rounded down
Hahah imagine this guys: Now all those infomericals that sell stuff for $19.99 plus s&h are gonna be all out of sorts!
Seriously though I wonder if people are gonna stop buying less of that junk now that its $20.00 even, it could be a subconsisous thing. We shall see i guess
I suppose that they'd have some legislation on this 1st...Posted: Sun Mar 13, 2011 11:32 pmAGgressive Metal wrote:My thoughts on this are simple:
We used to have a "large cent" - the mint changed to a small cent without demonetizing it, they simply ceased production and it fell out of use
We used to have a "half cent" - the mint stopped making it and it has never been demonetized, it just fell out of circulation
We used to have a three-cent nickel - the mint stopped making it and it has never been demonetized, it just fell out of circulation
We used to have 90% silver coins - the mint changed composition and never demonetized them, and they have mostly come out of circulation
I have no reason to believe that withdrawal of the penny will be any different. The mint will stop making it, it will remain monetized, but it will fall out of use over the course of five years or so, until people no longer find it useful and/or available for everyday transactions.