Why does the goverment continue to make pennies when the cost in labor and material is 1.23 cents?
547670
The American people like to think they get better deals when cents are involved.
753045
They pay pennies on the dollar for what is usually stolen goods.
299782
150 years ago, $10,000 was a considerable amount of money. For example the government was selling land for 50 cents an acre then. There was one catch. They would sell it only for gold. So unless your $10,000 was in gold coin, you would have to convert your money to gold. There were money changers that provided that service for a substantial fee. Paper money back then was not worth a great deal even though the bill might say $1000.  That is probably why the government would not accept it.
1037312
Not me. I can't figure out why businesses persist in using this outmoded contrivance. Most people look at a price like that and automatically round up in their heads. A lot of people (like myself) see it as an insult to our intelligence, and it doesn't take a genius to see there's little difference.\n\nThis convention is used in cents and in dollars, but it never amounts to large amounts.  For examples, you may see prices like $1.99, $19.99, $199.99 and you may see prices with no cents displayed like $199 or $1999, but you won't see that convention used in larger numbers like $100,000 and up (unless WalMart starts selling Rolls-Royce cars).\n\n\nWhat really gets me is how the price of gas on a pump is displayed as, say $2.78.99 rather than $2.79. I mean, is there a solid study or market analysis that shows a real reason for splitting off one one-hundredth of a cent?  \n\nPull-eeze!
1130318
The cent, once a copper coin, is now composed of copper-plated zinc. Copper-plated cents cost less to manufacture, and at 2.5 grams each, they weigh about 20% less than the older cent, which was 95 percent copper and 5 percent zinc.\n\nSo there's not enough copper there to make it worth your while -- it will cost more to get the copper than the value of the metal, even at $4 per pound.
199752
1 cent is the value of 1 penny.\n1 dollar is the value of 1 dollar.\n\n1 penny = 1 cent = 0.01 dollars\n1 nickel = 5 cents = 0.05 dollars\n1 dime = 10 cents = 0.10 dollars\n1 quarter = 25 cents = 0.25 dollars\n\nThere are a couple more rare or obscure coins such as the 50 cent piece (not made anymore), and the dollar coin (many unpopular and thus little used versions of this).
318677
We need to abolish pennies. One thing that will hasten its downfall is if retailers list the price that alrady includes tax like in most other countries. That way you won't see these weird numbers because the price on the shelf will be $1.00 and the price at the register will still be $1.00.\n\nVAT! It's the way of the future.
993436
This seems to be the general consensus:\nBecause gas companies are trying to make money. By throwing that extra 9/10ths of a cent on the price it sounds 1 cent cheaper yet it is close to being 1 cent more. Say for instance that gas is $1.00 9/10ths per gallon (which is truly 1.009 per gallon) This is very cheap for gas but it will prove my point. Now if you bought 1 gallon, it would cost you $1. Now if you by 2 gallons you would expect it to cost $2. But it cost $2.02 because the 1.009 and the other 1.009 added give you 2.018 which in money rounds to 2.02 So by doing this the gas company is making two cents. This may sound like a small amount but most people buy more than 2 gallons and the .009s added up to make more cents. So if you bought 20 gallons of \ngas at $1 per gallon it would end up costing $20.21 roughly. For the millions of people buying gas this extra money turns into thousands of dollars. You may ask why not just make it $1.01 per gallon instead of $1.00 but this would make it sound like more money than!it is. It is just like stores charging 9.99 instead of 10.00. Nine \nsounds a lot better than ten and the same applies to gas companies. Its just the \ngas companies sneaky way of making more money.\n\n\nNOTE: despite my source, I don't think this was a stupid question.
187138
they are trying to get minimum wage changed, but it is by state.  a lot of states are trying to raise minimum wage to $6 (right now, in my state, it's $5.15).  your state has to pass the bill before it will go up, though.
644480
You are confused.\n\nThe United States of America does not have any money.\n\nThey have a debt of $8,352,018,680,781.45 and it keeps increasing about $2 Billion PER DAY.\n\nYour share is about $27,966.97\n\nUnfortunately even if you send them a check to the world-famous Department G your share would still keep increasing unless the Goverment stops asking for money to the rest of the World, which is impossible right now because they spend more than the money coming from taxes.\n\nATTN  DEPT  G\nBUREAU  OF  THE  PUBLIC  DEBT\nP O  BOX  2188\nPARKERSBURG,  WV   26106-2188
317411
Probably aroun $30000.00, cause most of them don't ever have anything in them. The ones that do never have more than three cents.
76943
Because the senators and congressmen don't want to be accused of not bringing in the money for their state. You are absolutely correct, it should go by risk, but the equal distribution isn't that surprising with the government the way it is these days.
209206
$10.00 or less per hour is Min wage anything below that is poverty level, the problem is our goverment hasn't wokeup to face the reason why ? it takes two people living together just to make it in this country, AMEN TO THAT !
964027
I hate the 99.cents or what ever , why cant it be 1.00$ make it even. and yes I see your point . believe it or not there are people who really think they are getting a real deal.. it is all just frustrating....or what about , 4for 1$ , instead of 25cents each..
640155
It's a little of both.\nThe cost of living has risen constantly over time. This is evidenced by the median prices of all goods. I'm pretty sure that I couldn't live on the $2.74/hr which my first job paid me!\nBut our dollar value has dropped, too.\nThere was a time when the U.S.Dollar was the highest standard in currency. However, with Europe uniting the Euro is now much stronger than the dollar. As other nations improve their standards of living, the price of importing their goods also goes up.\nAnd so, the circle continues.
44712
It seems to me that almost everything that the US uses is made in another country. This in turns makes up dependent upon foreign countries for things we could make in the US. The funny thing about this is the US people would not work for the same wages that the foreign people are paid to do such taxing , monotonous work. Have you ever heard anyone request subpar conditions and $0.15 a day in the US??? I doubt it.....
522045
To make it seem like you are paying a dollar less, but its really just a penny.