Comments on: Rep. Jim Kolbe: Bye Bye Penny! http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/ The Neat Side of the Web Wed, 25 Nov 2009 20:36:54 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Victoria http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/comment-page-1/#comment-58632 Victoria Mon, 18 Dec 2006 22:19:12 +0000 http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/#comment-58632 They weigh down our wallets, rattle around in our vacuum cleaners, and are summarily dismissed by most vending machines. You never have enough when you need them, yet their value is so inconsequential that store clerks leave bowls of them by the checkout counter completely unguarded. Still, when the glint of a grubby one on the sidewalk catches our eye, what do we do? Four out of five of us stop and pick it up. Pennies may be the most vilified currency still in circulation (a handful left as a tip is the ultimate insult to waitstaff), but according to a Coinstar (NASDAQ: CSTR) survey released earlier this month, we just can't get enough of them. (Coinstar is also a Motley Fool Hidden Gemspick.) The 8th Annual Coinstar National Currency Poll found that 79% of people -- 84% of females and 74% of men -- will pick up a penny off the ground even though more than one-quarter of the population says it doesn't even value loose change or keep track of it. so do not get rid of the penny! They weigh down our wallets, rattle around in our vacuum cleaners, and are summarily dismissed by most vending machines. You never have enough when you need them, yet their value is so inconsequential that store clerks leave bowls of them by the checkout counter completely unguarded.

Still, when the glint of a grubby one on the sidewalk catches our eye, what do we do? Four out of five of us stop and pick it up.

Pennies may be the most vilified currency still in circulation (a handful left as a tip is the ultimate insult to waitstaff), but according to a Coinstar (NASDAQ: CSTR) survey released earlier this month, we just can't get enough of them. (Coinstar is also a Motley Fool Hidden Gemspick.)

The 8th Annual Coinstar National Currency Poll found that 79% of people -- 84% of females and 74% of men -- will pick up a penny off the ground even though more than one-quarter of the population says it doesn't even value loose change or keep track of it.

so do not get rid of the penny!

]]> By: Milt R. Smith http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/comment-page-1/#comment-28170 Milt R. Smith Sat, 29 Jul 2006 23:00:27 +0000 http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/#comment-28170 Anytime some stranger tells you how concerned he is about YOUR welfare, LOOK OUT! Such is the case with Kolbe etal seeking to eliminate the penny. His state is still a big copper producer, and rounding up would benefit larger coins made of that metal(surprise, surprise). So what exactly do YOU, average consumer, get out of eliminating the penny? Will a cost of $5.71 now be rounded DOWN to $5.70, or rounded UP to $5.75? Let me guess ... Look to him who profits is the old adage. Look hard and you'll soon find who really wants to rid you of those nasty, troublesome, pesky pennies. Why would some organization suddely invest a lot of time, money and effort into a campaign to eliminate the penny? Because they're a bunch or high-minded, civic-minded, patriots? Best to look behind the smoke, mirrors and veils for the truth. Why would they bother? Anytime some stranger tells you how concerned he is about YOUR welfare, LOOK OUT! Such is the case with Kolbe etal seeking to eliminate the penny. His state is still a big copper producer, and rounding up would benefit larger coins made of that metal(surprise, surprise). So what exactly do YOU, average consumer, get out of eliminating the penny? Will a cost of $5.71 now be rounded DOWN to $5.70, or rounded UP to $5.75? Let me guess ...

Look to him who profits is the old adage. Look hard and you'll soon find who really wants to rid you of those nasty, troublesome, pesky pennies. Why would some organization suddely invest a lot of time, money and effort into a campaign to eliminate the penny? Because they're a bunch or high-minded, civic-minded, patriots? Best to look behind the smoke, mirrors and veils for the truth. Why would they bother?

]]> By: v.dog http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/comment-page-1/#comment-17748 v.dog Mon, 05 Jun 2006 10:50:45 +0000 http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/#comment-17748 1 and 2 cent pieces have been out of circulation in New Zealand for many years, and life goes on as normal. Most thing don't change in price (you only round off at the end), and a lot of things get cheaper (by four cents, whoo hoo). Soon the 5 will go the same way. Some people will bellyache, but it really makes no difference in the way you spend your cash. I work in retail, and I can't wait for them to go. They're small and annoying to count. 1 and 2 cent pieces have been out of circulation in New Zealand for many years, and life goes on as normal. Most thing don't change in price (you only round off at the end), and a lot of things get cheaper (by four cents, whoo hoo).
Soon the 5 will go the same way. Some people will bellyache, but it really makes no difference in the way you spend your cash.

I work in retail, and I can't wait for them to go. They're small and annoying to count.

]]> By: Roger http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/comment-page-1/#comment-17674 Roger Mon, 05 Jun 2006 01:18:05 +0000 http://www.neatorama.com/2006/06/04/rep-jim-kolbe-bye-bye-penny/#comment-17674 There was a West Wing episode that discussed this: http://www.tv.com/the-west-wing/war-crimes/episode/78317/summary.html There was a West Wing episode that discussed this:
http://www.tv.com/the-west-wing/war-crimes/episode/78317/summary.html

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