Fun fact! In 2020, after another 9 years of inflation, the penny is 15% less valuable than when this video was made!

@makse10

4 жыл бұрын

DEATH TO PENNIES

@yukidoodle5347

4 жыл бұрын

@@coltongamez4675 why so negative?

@0wolfmoon

4 жыл бұрын

@@yukidoodle5347 Shilling for the pennies?

@jimstanley_49

4 жыл бұрын

@@coltongamez4675 I'm not sure what "indormation" means, but you might think a little about how _all_ of your currency is being made worth less and less until it is worthless. About how putting money in savings is a poor investment because even with the meager interest it will earn, it still _loses_ value to inflation.

@mac4951

4 жыл бұрын

Ughhhhhhh. Thanks for making me more upset that it’s still around.

The only use of the penny is for scratch off cards, which means that the penny's main use is actually to help you lose money.

@KnakuanaRka

4 жыл бұрын

Dr. Peopers I usually use quarters for that, the odd time we actually buy a ticket.

@wolfie__lol

4 жыл бұрын

What if you need a penny cuz something you want costs 10.21 hmMMMMmMmMmmmMmMmMmMM 🤨 Edit: for the people who are still replying. It’s a joke

@pkhappy4729

4 жыл бұрын

ITS_NIGHT_WOLFIE then it would’ve rounded down

@tyxgamer3

4 жыл бұрын

@@wolfie__lol then I just use a $10 bill and a $1 bill.

@wolfie__lol

4 жыл бұрын

@@tyxgamer3 but we still need pennies. No matter what a penny is money!

Fun fact! In 2022, after another 11 years of inflation, the penny is 23% less valuable than when this video was made!

@YHDiamond

Жыл бұрын

Half of that inflation is the past year. Hmmm

@anderenaam3091

Жыл бұрын

With 2% inflation per year it would be over 24% less buying power.

@anthonyspinozzi1312

Жыл бұрын

@@YHDiamond funny how that works doesn't it? Rooting for Brandon!

@lunaticbz3594

Жыл бұрын

Depending on when in 2022 you do the math the number will change a lot. 2% inflation target used to be hard to reach, now it's nearly impossible to get it back that low.

@professorcube5104

Жыл бұрын

fun fact: the us is actually discontinuing pennies

Fun fact: you can also use pennies as a souvenir by putting them in one of those penny stampeders.

@TaliyahP

Жыл бұрын

I like how crushing a penny is legal, but melting it isn't

@randomfolk9545

Жыл бұрын

@@TaliyahP you can do both, if you try to use as currency then, then thats a crime

@dylanoelrichs8423

Жыл бұрын

@@JacksonOfTheJerry That is false. The penny will not stop the train.

@angryanchouart4384

Жыл бұрын

done that

@EredediIsildur

Жыл бұрын

You can also injure yourself by putting them in your nose Not talking from personal experience, maybe

Seven years later and we still have the penny

@radioactiveseaotter

5 жыл бұрын

Why did you come here?

@hj8970

5 жыл бұрын

No No no 6 years

@aidanlevy2841

5 жыл бұрын

just another way in which Canada is ever so slightly better :P

@Cont0rt

5 жыл бұрын

Hehe WE never HAD PeNiEs! Did I spell that right I'm from NZ sooooo ya.

@Chloopa

5 жыл бұрын

I live in canada no pennies here

melt the pennies into a giant copper statue of lincoln. That way everyone's happy. Well, almost everyone.

@sonofsanto

2 жыл бұрын

yeah i would tear it down

@Darkestsheltz

2 жыл бұрын

@@sonofsanto why?

@konfused1342

2 жыл бұрын

@@Darkestsheltz they wouldnt, they just wanted to comment something

@EhmedCousCous

2 жыл бұрын

*zink

@slimsh8dy

2 жыл бұрын

@@sonofsanto away down south in the land of traitors

Some cool info! Ten years on, the penny now costs 2.1 cents to manufacture. On top of that too, the nickel costs 8.5 cents to make.

@cablefeed3738

29 күн бұрын

Yes, but I like the nickel I don't want everything rounded to the tenths position

The fact that there's someone out there that would advocate for the maintenance of the penny because it would be unpatriotic to stop producing a coin because a certain dude would stop being printed on said coin is absolutely bonkers to me. The US sure is a weird country

@TJStellmach

Жыл бұрын

We're pretty hard core with our veneration of dead presidents.

@googiegress7459

Жыл бұрын

Seems like the main advocate for keeping pennies is the company that sells the zinc blanks to the government.

@TaliyahP

Жыл бұрын

I was debating someone on Reddit about changing the Ontario flag from the Red Ensign because to them "it would be erasing our history" to change it. That backwards mindset exists everywhere.

@o7_AP

Жыл бұрын

Not to mention he's also on the 5 dollar bill

As a kid I used to hate the fact that people were trying to rid themselves of pennies... and then I grew up and realized things cost more than a dollar

@alexcholagh8330

3 жыл бұрын

I still use pennies dimes nickels quarters and half dollars and dollar coins. Pennies still have power but not as much it did in the 1970s and early 1980s. There's few vending machines,lots and lots of charities,banks coinstars,mom and pop stores,some local candy bars that cost 50 cents you can use 50 or less pennies, business transactions and taxes that still rely on the pennies. There not entirely worthless plus they do help beat inflation and keep mom and pop stores open.

@mefit8725

3 жыл бұрын

@@alexcholagh8330 Imagine all this you just described... But with 5cents instead xd

@alexcholagh8330

3 жыл бұрын

@@mefit8725 if we switched to the 5 cents prices will go up because of greed when rounding alot of companies will raise price's instead of paying 1.25 your paying 1.45 if not more but as supply and demand increases it goes up over the years and less then 30 years the 5 cent will be somewhat useless like it's predecessor the penny because of the greed and inflation. The penny prevents such things by keeping the prices balanced and low based on competition if a candy bar is 1.25 one place will sell it 1.18 or 1.22 rather going up in prices based on high rounding.

@mefit8725

3 жыл бұрын

@@alexcholagh8330 That's just your speculation based on no facts. Even when cents stop being produced they will still be used. Several countries like New Zealand, Australia, Netherlands and Canada got rid of their 1cents with no economical catastrophy you're discribing. Ultimately, if people chose to, they could still use the single cents. But pumping out more and more of them just wastes money and time.

@alexcholagh8330

3 жыл бұрын

@@mefit8725 they raised prices and pays in Canada Europe and other countries. But in the United States the prices will go high cause of greed and it will hurt peoples pays

Unironically seeing a trollface is like discovering an ancient artifact

@Champion919Games

2 жыл бұрын

We do a mild amount of trolling

@ThunderDudeSki

2 жыл бұрын

@@Champion919Games a smidgen of tomfoolery

@ButWhyMe...

2 жыл бұрын

Time frame?

@theanomaly2587

2 жыл бұрын

@@ButWhyMe... 1:06

@ButWhyMe...

2 жыл бұрын

@@theanomaly2587 Thanks~

The only time I ever really cared about pennies was to save time because of how little they were worth. When I got out of high school I bounced around a couple fast food jobs until I was a manager at one of my jobs then I stuck around for a bit. I really got a handle of the customer service parts of the job early on into my working life. Most of those jobs I had I dealt with lobby and drive thru customers. Despite making low wages, I still kept pennies in my pocket for customers. Once in a while you bump into a customer whose total is 1 or 2 cents over an even dollar amount who just rounds up to the next dollar (for example their total; is 4.02 and they give you a 5 dollar bill). Pennies are useless enough where I can offer them out in that situation and save time for both me and the customer at practically no cost to me. Plus lots of people appreciate when you can hand them back a dollar bills instead of 3 quarters, 2 dimes, and 3 or 4 pennies.

@SuperNielsch

Жыл бұрын

In the Netherlands, when the total amount it 4.02 and the customer wants to pay by cash, the cashier will round the total down to 4.00 and give back 1 euro when the customers pays with a 5 euro bill.

@morgin2609

Жыл бұрын

@@SuperNielsch Nice, I like that! Shoutouts to the Netherlands

…I have a classmate named Penny. We had a sub and we challenged him to guess all our names with his eyes closed. He did it pretty quickly, but then started struggling with her, everyone started screaming, “a coin with little value.” I can’t get it out of my head, help.

Here in Canada, we got rid of pennies a while ago. Nothing's really changed. The only difference is that now dimes are the coins so small nobody bothers to pick them up.

@KasabianFan44

3 жыл бұрын

He made a video on Canada’s pennies too.

@wildec2

2 жыл бұрын

The thing I thought was bizarre about Canada was that noone uses the 50c, and the mint just gave up even trying to get people to use it. Wiki suggests that this might be because the majority of people think that its still made of silver and hoard it, but how could people be so wrong for so long?

@stephenkoebel3923

2 жыл бұрын

@@wildec2 I was about to comment that Canada doesn't have a 50c coin... However now I'm astounded I've never seen one.

@BBB_bbb_BBB

2 жыл бұрын

I'm honestly of the opinion that if they get rid of our nickels and dimes I'd be happy. Whenever I get a coffee at Tim's or something I literally never take anything less than a quarter because I think they're more effort than they're worth.

@Ari-hc1vr

2 жыл бұрын

@@BBB_bbb_BBB They almost literally are. It's less of a concern now though, since most people use cards. What with the pandemic and all.

I'm a cashier in France. Believe him, the euro 1 cent coin really is ridiculously small. And I keep dropping em it's driving me nuts

@XeroOps

3 жыл бұрын

Dutch child here. I feel u

@shxhebx2039

2 жыл бұрын

Tbh im from the balkans and i have seen a one cent coin once in my life

@CygnusLaboratorys2056

2 жыл бұрын

i live in Germany and i dunno the only time i had trouble with the 1 cent euro coin was when i was trying to throw snap them harder to do when the Projectile is smaller than the thumb finger print

@calebryan1716

2 жыл бұрын

I'm from Ireland and there's an endless stream of 1 2 and 5 cent coins just lying everywhere that no one could be bothered with

@CygnusLaboratorys2056

2 жыл бұрын

@@calebryan1716 xD its great throwing equipment then xD

Fun fact: the United States has already phased out two other coins with presidents on them: the $1 coin (with Ike before they went to the Susan B. Anthony variation in 1979 and the Modern variation in 1999) and the $0.50 coin (they are still made with JFK, but you rarely see them in circulation). Getting rid of the penny wouldn't really be a bad thing since only collectors really care about them, and even then they care more about the older ones (pre 1982). So really there is no reason to keep the penny.

as a person named Abe who still isn't convinced that the penny needs to die, that last line struck a VERY personal note

So you're saying that instead of fixing our broken system, we made a sensible action illegal so we could keep using our old system? Yeah, that sounds like us.

@doodlebob5548

3 жыл бұрын

Us or the U.S

@doodlebob5548

3 жыл бұрын

@Aiden Charles Arthur Smawfield agreed

@JoshuaDowdUSBC

2 жыл бұрын

@@doodlebob5548 both mean the same thing

@SomeOne-gm5md

2 жыл бұрын

@@JoshuaDowdUSBC "us" as the word, or "us" as people who can't bother to get uppercase letters

@JoshuaDowdUSBC

2 жыл бұрын

@@SomeOne-gm5md and in this context as I am assuming he is American would convey the exact same message.

Grey:Whats your little daugher’s name? Dad:Penny Grey: *robot scream*

@Ginrikuzuma

4 жыл бұрын

@@ichijofestival2576 I guess the male equivalent would be if I called my son Nick or Nickolas as in a (nick)el isn't much better than a penny.

@leylandchan8334

4 жыл бұрын

Meh

@9nikolai

4 жыл бұрын

@@Ginrikuzuma No, that's the equivalent of someone being called Pen. The nickel equivalent of naming someone Penny is to name someone Nickel.

@00heyymill

4 жыл бұрын

haaaha

@gareththompson2708

4 жыл бұрын

I have a friend who says that robots will kill us all not out of rebellion, but because they are doing exactly what we told them to do and we didn't fully understand all of the implications when we told them to do it. For example, we tell the robots to kill pennies, and they include everyone named Penny in that directive.

What would be kind of funny is that ironically abolishing the Penny would make it valuable. Older pennies like the Indian Head and Wheat pennies would rise more in value and the pennies after the wheat penny would start to gain in value. Similarly the Half Cent is actually not worth half a cent they can be from worthless , to thousands of dollars. The Penny would become more powerful if Discontinued than if it were to continue.

@oz_jones

Жыл бұрын

Mostly to collectors though. If it would be abolished, it wouldnt be legal tender

rip the old icon to this video

I remember a long time ago, my high school chemistry teacher had us do an experiment that involved pennies, so he went to the bank to exchange a five dollar bill for five hundred pennies and he said it took him 10 minutes of explaining to the teller why he was doing this to get them.

@limaechonumismatics

3 жыл бұрын

I can get over 25 dollars in CENTS without a weird thought

@acookie7548

2 жыл бұрын

was it a social experiment on the bank tellers? XD

@mxplixic

2 жыл бұрын

Now they would just call the cops. 😀

@PLKartofel

2 жыл бұрын

@@mxplixic why so?

@aaronTGP_3756

2 жыл бұрын

The teller: why are you getting all of these worthless coins? The teacher: I swear, it's for SCIENCE!

When I was in like 6th grade, we were shown this video in class.(obviously with the intent to teach us something) After school that day, I went home, watched this at least 2 more times for entertainment purposes, and proceeded to watch every CGP Grey video I could find. I will sub twice to make up for how I didn't all those years ago.

@ccibinel

3 жыл бұрын

And I bet you learned more that stuck with you from a 5 minute youtube video than the rest of the school day. Modern public education is basically daycare. Even into grade 12 about 1/2 the time is useless busy work or useless things you wont remember 1 year later.

@sai-tc7wv

3 жыл бұрын

@@ccibinel true

@dantesfootballreviews8464

2 жыл бұрын

@@ccibinel public education in most of the us is amazing. What matters most is what you make of it.

@Engieman909

2 жыл бұрын

@@dantesfootballreviews8464 there are still many flaws in the system

@Ari-hc1vr

2 жыл бұрын

That's how I found Kurzgesagt! I also convinced a teacher I was student aiding for to show a cgp grey video when I was in high school. Hopefully some of those kids sought out the channel later.

My father notoriously hates pennies and he says the only good they'll do are archaeologists in a few thousand years. So in his backyard (my childhood home) he dug a hole and buried handfuls of pennies.

Also, sales tax applies to some items and not others in grocery stores, so $20 dollars in groceries might cost $20, or it might cost more! Also, some regions will have higher sales tax than other regions! It's a wonderfully awful mess that you can't possibly learn all of!

"That was the half cent. Seen one lately? Of course not." Me, a coin collector: *"you underestimate me, mortal."*

@coindog432

2 жыл бұрын

me too!

@ChaimMosheZaltsman

2 жыл бұрын

Mere mortals don’t understand the power of coin collectors

@danzjz3923

2 жыл бұрын

wait wait wait how much is the half penny worth?

@ChaimMosheZaltsman

2 жыл бұрын

@@danzjz3923 depends on year, mintage, and condition

@bacn_

2 жыл бұрын

@@danzjz3923 Like he said, it depends. But in lower condition, braided hair half cents (1840-1857) are worth $60+. With classic heads, (1809-1836) you could expect $80-$100 in the same condition. Draped busts (1800-1808) are $110+, and anything before 1800 could be worth upper hundreds to thousands. But there are many special coins that are worth WAY more the the aforementioned values.

the ultimate insult: you are a penny. might seem a little weak, huh? well, here you go: • you're not worth much • nobody wants you • everyone has touched you • you're dirty • you're on the streets • you're two faced • you're in everyone's pants

@quadeevans6484

4 жыл бұрын

Shit might use it

@allan1buchnol569

4 жыл бұрын

This is the best comment ever (I ment the roast not trying to be rude)

@Volvith

4 жыл бұрын

You're nothing more than a waste of space and time* :)

@dankgotclips5189

4 жыл бұрын

You stole that from SSSniper Wolf

@dankgotclips5189

4 жыл бұрын

Collin Caperton IKR 😂

So the solution is to create a massive deflation, so penny gain power again.

@Czstyx

Жыл бұрын

Genius solution

@cateatingpasta6840

Жыл бұрын

How the hell do we do that?

The half Penny now has a comparative buying power of a quarter, a Nickle, and 3 pennies.

@tristantheoofer2

Жыл бұрын

so 33 cents

@quantuminfinity4260

Жыл бұрын

@@tristantheoofer2 Yep, But I figured it would be more interesting to show it as all of those coins being worth less. Apparently they will finally stop minting the Penny in 2023. But they will keep circulating for a while longer.

Imagine in like 200 years more when videos called "Death to Dollars" will be coming out....

@jamestheotherone742

3 жыл бұрын

More like 20 years, or... considering current events, maybe 2.

@jayyang4019

3 жыл бұрын

@@jamestheotherone742 or a new currency like we see with zimbabwe

@ivankandella8103

3 жыл бұрын

And rise of bitcoin

@jamestheotherone742

3 жыл бұрын

@@ivankandella8103 Unlikely. At least not in the form of BTC and its copycats, which are not viable currencies given their inherent volatility.

@mihailojovicevic5576

3 жыл бұрын

More like 50 years

1:35 “try and pay 2000 pennies” Mr.beast: hold my car key

@remliqa

4 жыл бұрын

Okay, I'll only hold it for you because I can scratch your car with that key.

@itsjake9444

4 жыл бұрын

Lmao

@joepro205

4 жыл бұрын

Cash Register: uuuufggggghhhh

@Stre55ed1

4 жыл бұрын

@@joepro205 did you see the video which he bought a car with only pennies?

@coltongamez4675

4 жыл бұрын

Curtis Liu ok someone DM Mr.Beast for a new challenge idea...buying 10 cars with only PENNIES

The only us coin currently in popular circulation that really makes sense anymore is the quarter. I'd be down to get rid of the penny, nickel, and dime and replace them with the half dollar and dollar coins

Over 7 years later and nothing has... change-d. It makes no, cents.

@KrishnaDasLessons

5 жыл бұрын

Dark-Lark Underrated comment.

@Bluegoose-df7if

5 жыл бұрын

Dark-Lark hahaha

@AuroraIceFlame

5 жыл бұрын

THIS IS PUN PATROL GET DOWN ON THE GROUND WITH YOUR HANDS BEHIND YOUR HEAD

@Dark-Lark

5 жыл бұрын

@@AuroraIceFlame I do Nazi why I should listen to you, Ann-d Frank-ly, I do not care.

@wethepeopleyt54

5 жыл бұрын

Dark-Lark 👏

Huh, I didn't even know the US doesn't include sales tax in store prices. That's... completely insane. If I see a price tag, I want to be informed of _how much it will cost me_.

@scanjett

8 жыл бұрын

ikr totally insane.

@AsDeft

8 жыл бұрын

I just do it in my head...

@sion8

8 жыл бұрын

Brandon M. Bruursema​​ Each state has its own tax policy so they have different percentages or none at all, so what is so hard with adding it to the prices?

@AsDeft

8 жыл бұрын

sion8 Sure this may sound so simple to someone in a country with only one tax rate. The US is made of several stats that act as mini-countries with some of their own rules. The obvious reason is in your own paragraph. Things are constantly being shipped around state-to-state with set retail prices on boxes, labels and tags that cannot accommodate different tax rates. To even try to label everything with tax in mind is asinine, only small stores do it and only sometimes.

@sion8

8 жыл бұрын

Brandon M. Bruursema That is true, however most of the time when I shop, the shelf I pick the item I'm interest in from actually has the price on it, why can't this label on shelves have the full price on it? Mind you, I work at retail and know how often my coworkers change prices on different items on the sales floor at the store I work at which is almost weekly; the tax doesn't change weekly the offers for them do, yet I see no trouble at the register adding said state tax in along with the other products prices why do I have to calculate all of my products total price before I pay? In the state I live in I know for sure food doesn't have state tax but most everything else does and guess what in New York they have two different tax rate for different products and I can only guess which would be under one or the other or both tax rates.

And finally, on April 1, 2023, the last penny will be minted

@josephwodarczyk977

Жыл бұрын

What else is special about that day? What do we do on it each year?

In Norway, we have removed coins worth under roughly 10 US cent. And in my opinion, we can just as well remove the coin worth about 10 cent as well, and be left with the 50 cent coin as our smallest coin. I mean, who uses cash anyway?

I increase the value of my pennies by over 1,000% by drilling 1/4" holes in them and use as washers on projects. The shiny copper looks very nice too.😁

@MikeV8652

2 жыл бұрын

I used to do that, but it's difficult to drill a round ¼" hole in the copper-coated zinc ones. The bit bounces around, and the hole ends up too large and somewhat triangular. 🙃

@mxplixic

2 жыл бұрын

Once you drill through the copper coating the creamy zinc filling just rots away. 😀

@raybin6873

2 жыл бұрын

@@MikeV8652 your drill bit may need sharpening - the trick is to make sure the bit's point is on dead center...if not it'll do what you described. (Having a triangular shaped hole has been no issue for me) 😁👍

@SuperPupperDoggo

Жыл бұрын

FBI OPEN UP! YOU’RE UNDER ARREST FOR DEFACING US CURRENCY!

@cptant7610

Жыл бұрын

The drill fatigue is probably worth more than the penny.

CGP Grey: Here's why we should get rid of the penny James: WRITE THAT DOWN... WRITE THAT DOWN

@eggboianimated1431

3 жыл бұрын

I finally see a oddones out comment

@thesomething1559

3 жыл бұрын

Someone watches odd one out and Charles the French!

@olim746

3 жыл бұрын

@@thesomething1559 YES

@olim746

3 жыл бұрын

@@thesomething1559 Cultured

@katiebelle4

3 жыл бұрын

@@thesomething1559 YESSSS!

I accidentaly threw away like 15 pennies and seeing this makes me feel better about

It’s been the years and the penny still isn’t gone

@chemstry2880

Жыл бұрын

the penny is retiring in 2023, the us mint is stopping the creation of new pennies then

Wait a second, in the US you only know how much you're going to pay when you're already at the register?! Absolutely barbaric.

@sparrowpelt20xx61

3 жыл бұрын

Each state has a different sales tax and different areas within a state can have a different sales tax. When you consider the fact there’s 50 states, it’s just too much for advertisers and companies to keep track of. Personally, I’ve never been bothered by it and no one I know has either.

@tacticality6299

3 жыл бұрын

@@sparrowpelt20xx61 At least here in Aus, the price tags on items aren't placed by the companies that produce them, but by the stores that are selling them, I suppose I understand advertisers struggling, but outside of voiced prices, it wouldn't be too hard to automatically update the price based on the state, and even with voiced prices, it would be pretty easy to just record a different line for each state; And i've only just looked this up, so you probably know better than me, but it seems there are only about a dozen different sales taxes across the US.

@TAPORZZ1

3 жыл бұрын

Exactly my thoughts... What the fck...?!

@JustScrapHD

3 жыл бұрын

@@sparrowpelt20xx61 this sounds like a nice little excuse to hide true prices and make people buy more stuff to me

@sparrowpelt20xx61

3 жыл бұрын

Real Big Fish Let ask you something. How easy do you think it is to get most of the 50 states to agree on something? On one hand you have California that has a higher minimum wage but a higher sales tax (the other state like to make fun of them for that) and on the other hand you have states like New Hampshire with no statewide sales tax. There’s no way the federal government would or even could try to force the states to use the same tax rate. Plus, when you consider how taxes have played a part in our history. I think the federal government would be too scared to even try.

You could say... Pennies don’t make cents I’ll see myself out

@abhijayb3624

2 жыл бұрын

Why- Just Why...

@immasnarl292

2 жыл бұрын

Death to Terrible Jokes

@miles820

2 жыл бұрын

@@immasnarl292 no no he’s got a point (Unlike pennies

@vitoscalettagaming4007

2 жыл бұрын

@@miles820 *points to door*

@calamaribowl8683

2 жыл бұрын

Out

After over 10 years they finally listened! It only took the penny costing over 2x its value for them to agree.

@local-Pilot-45

Жыл бұрын

When did this happen?

@electroAM

Жыл бұрын

@@local-Pilot-45 The US mint is going to stop making pennies in 2023

Thank you CGP for calling the Netherlands the Netherlands and not Holland, greatly appreciate it

@arnavj.3927

2 жыл бұрын

He has a whole video on the difference between Holland and the Netherlands.

This video is 4 years old and the US still has pennies :'(

@Vickymonswer346

8 жыл бұрын

Videos like this might change people's minds, but not a government's.

@LighthouseIndustries

8 жыл бұрын

+Josh ShyGuy that is also because the cost for a penny to be made has dropped since the video was made.

@LachiBoii

8 жыл бұрын

Doesn't stop the pennies being virtually worthless in transactions.

@LighthouseIndustries

8 жыл бұрын

true

@SomeGuyWhoPlaysGames333

8 жыл бұрын

+dhodz hoddy Have enough people shown their desire to abolish the penny?

Tip: put all your coins into a self-checkout at somewhere like Walmart or King Soopers, especially late at night when you're not holding up a line.

@invalidchars

3 жыл бұрын

Was looking for this comment.

@TheDeadOfNight37

2 жыл бұрын

Or just roll them and drop them off at the bank

@SkiDaBird

2 жыл бұрын

@@TheDeadOfNight37 Don’t bother rolling. We have to crack them open anyway.

@fishoverlord

2 жыл бұрын

@@SkiDaBird doesn't it at least make them quicker to count? just check if they fit the roll properly

@aaronlandry3934

2 жыл бұрын

I just use my spare change to get some fast food occasionally. Workers usually laugh it off and I get rid of my change. Win win

Why did he change the cover screen

Ryan Trahan watching this video: *visible confusion*

3:01 “Thanks for not calling me Holland” LMAO

@thomassherwood5061

3 жыл бұрын

Me reading this: "wait until he sees the Holland video"

@PPUnknown

3 жыл бұрын

Kudos to grey for calling it the netherlands and also translating it perfectly to dutch

@pimvanlith3473

3 жыл бұрын

Yay ummm tja uuhhh pff geef me een like als nederlands be- uhh nee ik ben niet zo laag pfffffff

@j0l.0

3 жыл бұрын

@@pimvanlith3473 im not from the netherlands but i understand a bit dutch :) now take my like ;)

@theramendutchman

3 жыл бұрын

~ Sincerely, at least the entire population of 10 of the Dutch provinces

We keep pennies for Wishing wells. Wishing foutians. *A grave for our broken wishes.*

@flooffys

4 жыл бұрын

the only other use is if you want to collect them and get a small amount of money ver a long period of time

This video came out 10 years ago and I'm just now getting it in my recommends. Wonderful! Great video btw.

Odd1sout: Mindi f I copy your homework? CGP: K, don't make it too obvious

I was thinking “man why are all these dead meme pictures in here” Then I realized: This was from 7 almost 8 years ago. 2011 is 8 years ago. We’re almost a decade away from those dead memes that everyone remembers and hates.

@huntercorrales6794

4 жыл бұрын

Do u know da wae

@geluk_425

4 жыл бұрын

Sketch UT very epic thank you spinel

@Riceboi-xc3nr

4 жыл бұрын

Sketch UT what memes

@Jack_McRae208

4 жыл бұрын

Good point spinel

@whorfianism4981

4 жыл бұрын

Oh, Spinel! Did you change your hair?!

Theodd1souts teacher is one of the viewers

@00heyymill

4 жыл бұрын

i agree

@cammyca552

4 жыл бұрын

Twix FN yup

@diamondjoylove5962

4 жыл бұрын

@👁️ Bloody hell?!

@beep3038

4 жыл бұрын

Lol

@thepuffeduprabbit1221

4 жыл бұрын

yep

In my country. The smallest coin we have in circulation is 1.000rials. which equals to $0.003

WHY IS GREY CHANGING ALL OF HIS THUMBNAILS

@Gwanhk.

2 жыл бұрын

They get recommended again and it's refreshed in the algorithm. It gets suggested again. You can see for yourself it worked

Use of the pennies: Scratch cards Wishing wells Wishing fountains And penny engraving machines

@tracyblanchard7663

4 жыл бұрын

So scams, scams, scams, and scams. Just like the penny is to mint.

@thecrimsonaxe6037

4 жыл бұрын

Yep, it's so worthless that we use it as a throwaway coin.

@Aaron-ln3ht

4 жыл бұрын

we won't get rid of the penny lol. also, 69, nice

@backup7033

4 жыл бұрын

Yeah but you can use use other coins for scratch cards

@susanaa.6692

4 жыл бұрын

The last one is so important

1:45 wait wait wait HOLD ON! You Americansdon't include the sales taxes in the prices??? What kind of bullshit is that?!?

@AdamOrtonProductions

7 жыл бұрын

Also, non-profit organizations don't have to pay a sales tax. So the system could 'in theory' get pretty complicated. If all items are posted with tax. Not to mention the differences in local sales tax vs state sales tax vs the amount the Federal Govt levies. And some states don't tax clothing or food, while others might. It may seem complicated, but it is actually a well thought process that helps keep sales in respective states and so on.

@fossilfighters101

7 жыл бұрын

+

@Javin12345

7 жыл бұрын

it's like that is most Canadian stores as well

@star3catcherSEQUEL

7 жыл бұрын

Because we always have to do things the hard way.

@spencerdias2417

7 жыл бұрын

Depends if you have sales tax of course.

Aussie here, we only go down to 5cents and I have actually bought a mcdonlds meal as a kid with only 5c coins. It was fun and the cashier was very nice about it. It was only a small to medium ziplock bag of 5c coins.

Fun fact! 12 years later, the penny has still not been discontinued.

3:00 Translation: Thanks, you didn't call me Holland.

@theramendutchman

3 жыл бұрын

Is it now time for the *G E K O L O N I S E E R D* comments?

@Cysfer

3 жыл бұрын

This comment it stolen from one posed 6 months before it, I know because this appeared right under it with about the same thing.

@Orincaby

3 жыл бұрын

@@Cysfer nobody cares

@wowok8196

3 жыл бұрын

@@Orincaby saying nobody cares to something copied is like not caring about someone who stole thousands of videos and is more popular than the original creators.

@Shinhwachangjo01

3 жыл бұрын

@@wowok8196 I disagree, comments take merely a minute to make. Videos, on the other hand, can take weeks to produce. So, that analogy really does not work.

This was the first CGP Grey video I ever watched. Five years later, and still nothing has happened.

@meh23p

7 жыл бұрын

Maybe Donald Trump will make the penny go away? I don't know if he even has the power to do that, but he would be remembered for doing one good thing. :D

@gacebos8956

6 жыл бұрын

People are currently debating whether to keep the penny

I found a use for pennies. Fill up an SFMTA parking meter with them so it cannot accept payment, and parking isn't charged after that.

Amazing how a 10 years old video seems so new, from the imagem quality to the way he speaks

Wait, purchases in America don't include gst? Why is everything in America uneccesarily hard and confusing?

@xaviersaavedra7442

2 жыл бұрын

Because people don’t like change. Heh

@rainbowruler6453

2 жыл бұрын

Because we’re stubborn

@Draco137YT

2 жыл бұрын

Different jurisdictions in the U.S. have different sales tax levels, and they change relatively frequently, so it's easier (in most settings) for merchants to just slap the taxes on at the end, especially in the era of online commerce.

@thetheory6159

2 жыл бұрын

@@Draco137YT it really isn't. A retailer only has to worry about local tax levels, and as a software engineer I can attest that it would be the matter of literally 2-3 hours (at most) of work to change a website to reflect taxation in the price based on the user's locality. This is just stubbornness.

@ff-qf1th

2 жыл бұрын

@@thetheory6159 retailers probably also think that by showcasing a price as lower than it actually is, people are more likely to buy. I'm not sure how true this idea is, but I am sure that the thought that it *might* be true is probably enough to cause the retailers to not want to change.

Alright... I have an idea... Step 1: Ask the bank for money-rolls of pennies... Step 2: Melt them down (screw the law) Step 3: Sell the copper at a pawn shop for double what you spent. Step 4: Use copper profit to buy more pennies Step 5: Repeat until you're able to buy Bill Gates and Donald Trump.

@Inanedata

9 жыл бұрын

oh, until the guy at the pawn shop realizes he's actually buying 97.5% nickel and only 2.5% copper (according to wikipedia). If you did actually attempt this you would have to shave the copper off of the penny and keep the two materials separate.

@mancheaseskrelpher8419

9 жыл бұрын

You are not the first person to think of this. Why do you think it is illegal?

@ATAATX

9 жыл бұрын

Inanedata At 97.5% nickle, that would still make the penny more valuable than its face value. Think you may have meant 97.5% zinc.

@Ultrox007

9 жыл бұрын

Inanedata who said I wasn't separating the copper and zinc and selling them both?

@pieluver1234

9 жыл бұрын

It doesn't matter what the composition of the penny is. The material itself is worth 1.8 cents per penny, so you would still be profitable if you sell the nickel on top of the copper.

It's always Illinois. It was Lincoln's home state and they protest strongly every time there is talk of abolishing the penny.

I enjoy collecting and rolling change. I have a container filled with $36 in pennys and I wouldnt mind adding to it

Omg i think i’ve actually forgotten the fact that 2011 was 9 years ago

@MysteriousCowpoke

3 жыл бұрын

you posted this to early

@Orincaby

3 жыл бұрын

@@MysteriousCowpoke too*

@ggman.

3 жыл бұрын

Now its 10 😳

@D4rkslider

3 жыл бұрын

@@plazmaguy13yago9 yep

@MysteriousCowpoke

3 жыл бұрын

oh 2011 not 2029

in my experience working at a gas station, pennies are generally used to get rid of other change. say something is 19.57: you give the cashier 20.02, so you get 45¢ back and not 43¢ so that your change is less coins. people don’t like carrying coins.

@stevencowan37

2 жыл бұрын

I tried to do this back when I actually did anything by cash, and I always got really weird looks from cashiers.

@Pheatan

2 жыл бұрын

But you realise that system is only in place because pennies exist. Without pennies $19.57 would be rounded down to $19.55 or if you got rid of the 5¢ it would round up to $19.60.

@digitalfootballer9032

Жыл бұрын

@@stevencowan37 Try giving a cashier under about 30 years old a 50 cent piece and their head will pretty much explode. Used one in a transaction and the young girl thought it was worth $2 and gave me back too much change. Yeah, the United States has never had a $2 coin.

@3DPT

Жыл бұрын

It's great you can do that math, most of us can't on site. It's also frustrating for the cashier to deal with when their use to changing whole bills during the day. Counting out at the end is a pain as well when we get handfuls of change from kids and karen's

@googiegress7459

Жыл бұрын

This is done by people who are bright enough to think.

We need a follow-up video called "Death to cash"

I feel like the penny now has a bestie from the Ryan Trahan series

Seriously, the Penny Died in 1982 - When the Mint Stopped making Them with Real Copper.

@LeScratch89

2 жыл бұрын

The function of currency is facilitate trade, not to hold value. All metals have value because humans decide they do, not because they are inherently valuable, which makes them no different in this context.

what, the tax isn't included in the price in the USA?

@RainAngel111

9 жыл бұрын

Diamond Cubez it doesn't have to be. Some stores post the whole price but most don't because then it looks cheaper than it is.

@billybobbobbobbilly

9 жыл бұрын

Diamond Cubez Every state has it's own sale's tax laws.

@anduzyn

8 жыл бұрын

Diamond Cubez no, and things cost like $19.99 to make them look cheaper so the real price is tax on top of the advertised price which is always some ridiculous decimal

@daltonsilverman1974

8 жыл бұрын

Diamond Cubez well one of the problems is the US can't just make a consistent sale tax and everywhere you go its different

@remyllebeau77

8 жыл бұрын

Diamond Cubez And then for some reason gas always has tax included. Although it could be time consuming if it wasn't, and it would make people more aware of the outrageous taxes they are paying just for the "privilege" of mobility.

this dude has to be a time traveler

10 years later and still here

I'm seeing this in 2019. Pennies seem to be on permanent life support.

@noemiej.marquis732

4 жыл бұрын

2020 here. By the time the video was made, here's the list of countries that discontinued their penny denomination (or closest relative) : Belgium (2014), Italy (2018), Bahamas (2020), Canada (2012), Trinidad & Tobago (2018), Croatia (2012), Moldova (2017), Russia (2017), Ukraine (2018) Some countries are starting to phase out 5 cents. The heck are you doing, 'merica?

@just.r1ce

4 жыл бұрын

@@noemiej.marquis732 listening to lobbyists

@bodacious12

4 жыл бұрын

Here in Chile we retired the 1 and 5 peso coins, leaving 10 as the smallest denomination (worth 1.5 us pennies) about a year ago. I'd love to see the 10 peso go as well, Scandinavian countries do great with their one krone coin (worth about 10 cents)

@golddropper2747

4 жыл бұрын

Je te connais bto

@Chonksta

2 жыл бұрын

no more penny in 2023

You forgot to mention the Czech Republic that got rid of ALL of their lower denomination coins in 2008 for the exact reasons you listed. They used to have 10-haler, 20-haler, and 50-haler coins, comically tiny and weirdly lightweight coins made of aluminum. Now the lowest denomination is 1 crown (worth ~4 US cents).

@czechgop7631

Жыл бұрын

And with the bus fares being about 6 to 20 crowns it was, for a while, worth picking up even the lowest denomination of our coins

Here in Canada we got rid of pennies around 5 years ago

10 YEARS AFTER THIS VIDEO WAS POSTED, IT CAME ON MY FYP

@auzarchives

Жыл бұрын

Bro fyp is tiktok shi

Fun fact: James public speaking teacher from his community college watched this video

@zachnado69

3 жыл бұрын

@Youssef hatem yes

@edohanma

3 жыл бұрын

Who is James??

@arizz620

3 жыл бұрын

Whos James?

@abcdefg5686

3 жыл бұрын

@@edohanma the odd one's out

@spit2u744

3 жыл бұрын

@@edohanma the odd1s out, he mentioned this in his plagerism video

Penny didn't deserve this. She was at the wrong place at the wrong time. #RIP Pyrrah is a monster

@WolfHunner

8 жыл бұрын

She's not half the girl she use to be. You can say she lost half her value ;)

@MrDylan2125

8 жыл бұрын

+Oompa Loompa Aron Dang it! I can't get away from my dang dirty emotions even reading the comments of a CGP Grey video. Why do you hurt me like this?

@chrisanthemum2

8 жыл бұрын

PrimevalDragon She was a robot.

@MrDylan2125

8 жыл бұрын

Oompa Loompa Aron Yes. A robot who also happened to have a soul. There's quite a difference.

@chrisanthemum2

8 жыл бұрын

PrimevalDragon Does she feel pain though?

Assuming 2% annual inflation, if we use "less valuable than a half-penny in 1857" as the test for retirement, we should retire the quarter in 2045, and the dollar bill/coin in 2115.

@placozoa

Жыл бұрын

And for other coins?

Today it costs a little over 2 cents to make the “one cent piece,” so the United States Mint has decided that it will stop production of the penny. In late 2022, pennies will be phased out and the last batch of pennies will be minted in April 2023. Posted in 14 Apr 2022

@johnnyvivic8730

Жыл бұрын

It was an April Fool's joke.

@michakrupski9071

Жыл бұрын

Is April fools is on the 1st of April he posted the video On the 30th of November 2011

@johnnyvivic8730

Жыл бұрын

@@michakrupski9071 No, I mean the post you're referencing... wherever you got the information from - it was an April Fool's joke. I googled it and read the same thing. I'm not talking about CGP Grey's video.

CGP Grey: Why Americans should get rid of the Penny. Me, a Canadian: I'm 4 parallel universes ahead of you.

@beleata74

3 жыл бұрын

Well yes the time difference is almost 10 years, when the video was made Canada still used pennies and the fact that he made a video about Canada ditching the pennies about 4 months after this video.

@itskb2891

3 жыл бұрын

Australians crying in the distance with 6 forms of coins

@thanosisepic7146

3 жыл бұрын

Penny*

@thanosisepic7146

3 жыл бұрын

if u cant spell penny u arent at all 4 parallel universes ahead

@jameswalsh2921

3 жыл бұрын

Me, being an australian

I love how this video is still relevant in 8 years

@ae1ae2

3 жыл бұрын

I'm deeply saddened at how this video is still relevant 8 years after it was made.

@syeungmin6204

3 жыл бұрын

more relevant.

@jaysonburke799

3 жыл бұрын

The only use of the penny is for scratch off cards, which means that the penny's main use is actually to help you lose money.

@hongsengchan9855

2 жыл бұрын

@@coindog432 the comment was made at an older time

When somebody asks me about those gums that have been in my car for years, ''Ye Olde Mint''

This aged well

"Have you seen of the half-cent coin?" Yea my dad gave me one and i still have i- "Of course you hadn't " Okay guess I'll die

@connorquick2650

5 жыл бұрын

You’re not allowed to see one.

@waffles6280

4 жыл бұрын

@@connorquick2650 Brian D is a threat that needs to be eliminated

@tonyhakston536

4 жыл бұрын

Target eliminated.

@ruler_of_everything

3 жыл бұрын

@@waffles6280 HE'S SEEN TOO MUCH

We should let the US get rid of the penny bit only if they actually circulate 50¢ coins as widely as quarters

@stagdragon3978

3 жыл бұрын

they circulate dollar coins! I every now and again ask for dollar coins from the teller and they LOOOOVE handing those out.

@dasy2k1

3 жыл бұрын

@@stagdragon3978 I bet you pay in $2 bills when you can too!

@LegDayLas

3 жыл бұрын

@@stagdragon3978 Eh, when I worked a cash register I was literally never paid with a dollar coin, but ok, I'm sure it's a common thing.

@stagdragon3978

3 жыл бұрын

@@LegDayLas well that's the sad part, a lot of people don't realize that you can just get them from the bank teller. They're trying to put them into circulation but normally people don't ask for them or get confused when they're handed coins instead of bills.

@Icedragon481

3 жыл бұрын

@@stagdragon3978 Halves are still very much in circulation as well.

New thumbmail... Neat

The thumbnails are different now

We in New Zealand, got rid of not just our 1 cent coin, but also the 2 cent coin, and the 5 cent coin. And using Swedish rounding, nothing has been lost.

@LachiBoii

8 жыл бұрын

We Aussies aren't that far behind you guys now, the mint is expecting to kill the 5 cent coin within the next few years.

@Ngamotu83

8 жыл бұрын

***** It's an expression we use in New Zealand. en.wikipedia.org/wiki/Cash_rounding

@mika2666

8 жыл бұрын

+Michael Gibb we in the netherlands got rid of our 2 cent coin, 5 cent coins are handy :)

@Snaake42

8 жыл бұрын

+Michael Gibb +Mikat: the video mentions Finland & The Netherlands just ditching the 1-cent coin, but actually neither took the 2-cent coin into regular production either (source: I'm Finnish, Mikat commented for NL). Small batches were initially made for collecting and for completeness' sake, and 1- and 2-cent coins from other countries are legal tender but not very common. All cash payments are rounded to the nearest 5 cents. Prior to the Euro, Finland's smallest coin was 5 pennies, then 10 pennies. I think back then you really didn't even see any consumer prices listed right down to 1 penny value, rather e.g. 99 or 99,95 (the latter got more common with the Euro). I remember buying candy e.g. 1 gummy bear was 5 pennies. 1 euro cent (or 1 Euro) was/is defined as a bit under 6 pennies (or Finnish Marks), so we actually got rid of two "steps" of coins during the transition, but retained the same smallest unit being 1/20th of the basic unit (Marks/Euros).

Some people in the south have a weird view of Lincoln, blaming him for the Civil War when he wasn't even in office when the first shots were fired (By the confederacy)

@redpriest7117

8 жыл бұрын

+Alex Shannon That's not the only part of it... Many southerners were pissed off because Lincoln wasn't even on their ballot, but he still won.

@GalanDun

8 жыл бұрын

Red Priest I think by that point they should just accept it. I'm Native American and I don't go around constantly complaining about Andrew Jackson. He died before my grandparents were born!

@eliasmartinezjr.6517

8 жыл бұрын

+Alex Shannon Well, when you consider the fact that Lincoln won the election without a single electoral vote from the South and therefore the South had effectively lost it's voice in the election, it's no surprised it left.

@GalanDun

8 жыл бұрын

Elias Martinez Jr. The south attempted to commit election fraud by leaving him off of the ballot. It was THEIR fault they lost their voice.

@redpriest7117

8 жыл бұрын

Alex Shannon I'm not expert on the election, but I am 99% sure Southerners didn't take Lincoln off the ballot on purpose.

thumbnails are changing!

Anyone here after the penny went extinct? Let’s goooo finally only took a decade for the US to listen to Grey

This video makes so much cents. I'm good at bad puns.

@astavie2920

8 жыл бұрын

+luciewhale *BADUM TSS*

@InternetUsername

8 жыл бұрын

Your comment really changed my stance on puns. :^)

@elsasslotharingen7507

8 жыл бұрын

+luciewhale Oh, why, my punnies are as bad as yours, and no one truly understands.

@crown-princesquirrel9719

8 жыл бұрын

Gabriel Barreto You are a Burrito master

@Csk-zk7qz

8 жыл бұрын

Lo

1:35-1:42 unless your MrBeast

@AllTrickss

5 жыл бұрын

It’s you’re but I still agree lol

@devvydoesstuff

5 жыл бұрын

Lol

@pumpkintea4101

5 жыл бұрын

(I subbed becauee it reminded me of that Friends episode)

@eliasmireles3222

5 жыл бұрын

My man

@paulwilliams5960

5 жыл бұрын

You’re*

Bro predicted the future

This video is like 11 years old, and pennies are still being made

Someone: * melts pennies * USA Government: I smell pennies!!

@jackgoodman6976

4 жыл бұрын

How did this not have a comment yet with this many likes?

@jimothy_2nd

3 жыл бұрын

Pennies smell bad. Dont ask how I know

@leechyfruit4464

3 жыл бұрын

@@jimothy_2nd Fun fact: that's not the penny, that's your skin reacting to pennies.

@Hans5958

3 жыл бұрын

AAAAAAAAAAAAAAAAAAAAAA

@jimothy_2nd

3 жыл бұрын

@@leechyfruit4464 cool thanks