Inflation isn’t just killing off the dollar (which is quickly losing to the Euro and the Chinese Yuan): it’s also killing off the rest of our currency—including our nickels and pennies! One penny (one cent) costs 2.4 cents to mint, while one nickel (5 cents) costs 11.2 cents! Our fiat currency is quickly losing its value, and our politicians are trying to desperately curb this. Recently, Obama has considered changing the metal to more cheaply mint these coins.
Personally, I think the penny is antiquated and needs to be made obsolete. It’s not as though people use them to begin with. They’re mostly collected in coin jars and cash trays, only to gather dust without ever being spent.
Reminds me of one of the very first You Know What’s Bull****? video by James Rolfe (The Angry Video Game Nerd):
You Know What's Bull****? Pennies.
Pennies are worthless. What can you buy with a penny? Nothing. So, why do we even have pennies? Get rid of them. Nobody likes to carry pennies around. Why's there so many pennies lying on the street that don't even get picked up? Because nobody f**king wants 'em! They're like mosquitoes - go away, you f**king pennies! Think about it. There's four quarters to a dollar, two nickels to a dime, and there's FIVE f**king pennies to a nickel. It's pointless.
Even if you save a bunch of pennies, you're not going to feel like counting them! I mean, think about it. Think about how much time store clerks waste counting pennies back to people. And, how often when the change is just a penny, how often do you people say, "Keep the change."? A lot. 'Cause people don't want a penny. Every price should end in a five or a zero. Pennies are bull****!