Nancy Giles dives into the history of our smallest-denomination coin, and hears voices for and against dumping the penny.
Жүктеу.....
Пікірлер: 117
@thekweenofbling36215 жыл бұрын
I'm very jealous, I'm a collector of all currency all over the world. I started collecting with my grandmother, when she died, I just kept going.
@kathryncarter61434 жыл бұрын
Forgot to add, "a penny saved is a penny earned"
@petenrita2 жыл бұрын
I am shocked He allowed her to pick it up over a stone table. INSANE!! One drop, Value drops many thousands. Also, there are not pennies, but cents.
@-oiiio-39934 жыл бұрын
They aren't "pennies", they are cents. Pennies were British until they decimalized in 1970. Metric coinage was an American innovation; 1 dollar = ten dimes = 100 cents.
@hollyroom45033 жыл бұрын
What really drives me nuts about this video is it isn't a penny it is a cent. The British mints pennies. The US mints cents.
@michaelharrington75
Жыл бұрын
Yeah, not one penny was shown in this video, nor was the history of the penny told.
@maxshiraz34476 жыл бұрын
Australia stopped use a one-cent coin in about 1990. No-one missed them for a second.
@aggelosvelissarakos599
3 жыл бұрын
yea well i know people that have like 100$ in pennies if people stopped using pennies there goes $100
@Searchwatchlisten2 жыл бұрын
I'm about to put some error and variety coins on eBay for auction/sale. Knowing this, I will hold onto some of them because they will be, more rare, than what they are now. Thanks for the information, love this video !!!
@ArthurMorgan-pq4tr7 жыл бұрын
I like nickels. I like old pennies though. My oldest one is a 1909 indian head and I think the oldest coin I have is a 1836 coin from Mexico.
@68Miles
5 жыл бұрын
The 1909 Indian Head Penny is rare, that was the last year of the Indian Head Penny, 1909 is also the first year of the Lincoln Penny. If your coin happens to have the "S" Mint mark for San Francisco, you have an even more rare coin.
@coolkingwistune1323
4 жыл бұрын
I have a 1864 2 cent penny and that’s my oldest penny no bragging
@-oiiio-3993
4 жыл бұрын
Cents.
@Mistybrooks843 жыл бұрын
Thank you CBS sunday morning
@joshuamoore24_76 жыл бұрын
The obverse portrait on the flowing hair penny looks like Beetleguese.
@Alexander-Fritz
4 жыл бұрын
beetlejuice*
@ssspike16965 жыл бұрын
But if you need to give somebody 41 cents there you go
@JenniferZatwarnicki19 жыл бұрын
I like pennies.
@omparkeshkohli6838
7 жыл бұрын
+Omparkesh Kohli to
@princedelacruz23
6 жыл бұрын
Jennifer Zatwarnicki jhhhjjj
@Plaguedblackr
4 жыл бұрын
Jennifer Zatwarnicki AHHHHH
@TaylorMade5119 жыл бұрын
Gas is already rounded up.
@sharodhairston7355
4 жыл бұрын
Yeah🗽🇺🇸🇻🇳 🏆💴💵💸💶💷💰💳💎
@sharodhairston7355
4 жыл бұрын
I think so haha 😂
@boldlaxx4 жыл бұрын
Here from online school work
@kathryncarter61434 жыл бұрын
I used to have one of those big pennies. It hurts to know someone stole it. It had been handed down through the family for years & now it's gone, along with all my other old coins. Used to have a pile of silver dollars too.
@michaelharrington75
Жыл бұрын
They're called large cents. What year was the one you had?
@ordinaryextraordinary94843 жыл бұрын
Ooh, a penny! You know what they say-
@86mustang3 жыл бұрын
Don’t get rid of the penny
@n-s-a7113
3 жыл бұрын
Without the atom you can't have matter
@michaelfettable Жыл бұрын
The Indian head is not actually a depiction of a Native American, but rather a depiction of lady liberty wearing a native head dress.
@Age1TheRealOne3 жыл бұрын
Let them both go. Save money
@cool54515 жыл бұрын
I have a 1962 Canadian penny and I live in texas so I think that’s cool
@celestial8468
4 жыл бұрын
DarkRevenge7 cool I have a 1962 American penny
@-oiiio-3993
4 жыл бұрын
@@celestial8468 Cent.
@-oiiio-3993
4 жыл бұрын
Cent.
@CurtisDensmore17 жыл бұрын
Round to the nearest dime! I wouldn't mind rounding to the nearest dollar (for a transaction, not for each item).
@arashshibaie1162 жыл бұрын
It survived gutters, dressers…..
@tba6403 Жыл бұрын
video ends at 1:28. no history after that, just talking about getting rid of the cent.
@amranackerman96567 жыл бұрын
my oldest penny is 1793 CHAIN CENT
@-oiiio-3993
3 жыл бұрын
If you owned a 1793 Cent, you'd know it's not a 'penny'.
@tba6403
Жыл бұрын
@@-oiiio-3993 ill stand by you on this one
@lindaboyce88059 жыл бұрын
although i agree it cost more to make, but i wonder if we can chance losing more jobs in this country. also, how many business will be affected by the closing of that plant and it's suppliers? like where the employees shop? it's always a domino effect when a business closes.
@CurtisDensmore1
7 жыл бұрын
linda boyce The penny is deadweight on our economy. It has no value, but we make billions of them. We are all subsidizing Coinstar and the zinc industry.
@-oiiio-3993
4 жыл бұрын
@@CurtisDensmore1 Absolutely correct.
@michaelharrington75 Жыл бұрын
Not one single penny was shown in this "history of the penny" video. This was the history of the American cent.
@johntracy72
3 ай бұрын
If you were in the Air Force, you'd be a Technical Sargeant being so technical.
@nickc9903 жыл бұрын
I only like the penny because it has Lincoln on it
@user-ku3wn8go7u2 жыл бұрын
I’m only watching this because of my penny debate essay 💀 y’all give me some ideas
@romeovirtudes5953 жыл бұрын
one penny coin dollar
@ShellyMay284 жыл бұрын
Keep the penny!
@-oiiio-3993
4 жыл бұрын
Why?
@tinastanley4444
3 жыл бұрын
Collect Lincoln cents. My favorite coin.
@dylanmcguire20906 жыл бұрын
He should certified the pennies.
@monarchist18387 жыл бұрын
Britain use to have a decimal half penny
@-oiiio-3993
4 жыл бұрын
Pennies aren't decimal, cents are. Half cents were among the original denominations of U.S. coinage as specified in the Mint Act of 1792 and were used to make change for the Spanish equivalent of one real or 'bit. The United States dollar was based on and traded at par with the Spanish dollar until 1857. The U.S. dollar had decimal divisions of 1 dollar = 10 dimes = 100 cents and 10 dollars = 1 eagle. The half dollar, quarter dollar and half cent were issued to conform to the Spanish divisions of eight reales to the dollar, or "two bits, four bits, six bits, a dollar. One 'bit' was the decimal equivalent of twelve and one half cents.
@robertbrown25665 жыл бұрын
Hes on it because of the homestead act one law system and the coins turn there back thats way he face the opposite way
@Mistybrooks843 жыл бұрын
Gloves on, said Amazon to wish. Ow
@Mistybrooks84
3 жыл бұрын
People thought her hair was too wild
@2bcaptainchristopher2 жыл бұрын
Noway!
@Mistybrooks843 жыл бұрын
We let em. Have it. Ei
@shawnwood34942 жыл бұрын
Half truths only go so far….
@solstar47785 жыл бұрын
Tax!
@lancelessard2491 Жыл бұрын
One cent in 1960 had the buying power of 10 cents today when adjusted for inflation. That means they had nothing smaller than a dime in buying power, and they didn't descend into chaos or have people wind up destitute from losing the ability to get change back of a smaller unit. Nobody even considered it. We can do the same by simply eliminating the last digit on every price. Just cover up that last number on the register with some black tape and move on. It would save the government billions by the end of the decade.
@michaelharrington75
Жыл бұрын
The government waste money all the time. I say keep the cent. At least we have something to show for the waste.
@romeovirtudes5953 жыл бұрын
australia one penny coin
@meaganschmidt16043 жыл бұрын
KEEP THE PENNY'S
@Josh_martin6895 жыл бұрын
At least don't get rid of the already made ones
@brandonL21227 жыл бұрын
Just imagine if every single thing you bought was rounded up a few cents. it might not seem like much at the time but when it comes down to it you'll be losing lots of money
@CurtisDensmore1
7 жыл бұрын
Brandon Love Nope. Rounding goes in both directions. You'd break even.
@caboose.20
4 жыл бұрын
Rubbish. And that is the overly paranoid attitude which stops any change from happening.
@williamlee406 жыл бұрын
Really.. What do you think when go to the gas stations. 2.33 one day 2.48 the next day 2.41 now. Then the your taxes are taken to make the money/penny. It costs the tax payer 2.8 mill or bill to make worstless change. Money could build school's better health care. Early retirement. There's old ppl 72 and above working to pay for health meds. Wake up ppl. We pay taxes we pay for every other countries problems. I believe that when you turn 62 you should get a million dollars from the government to help in your last days for helping with taxes. It would create so many jobs. So much more creative idea's.
@johndunbar16783 жыл бұрын
canada??? LOL!!!
@ECWnWWF5 ай бұрын
one penny may not buy anything, but remember, 100 pennies = dollar; 500 pennies = $5, 10,000 = $100. In otherwords a collection of pennies do have value. The reason the penny costs more to manufacture than it is worth is because the Federal Reserve sets the value of our money that way, debt is a good thing to the Fed. Coins are assets to the Fed where as bills are liabilities, the Fed hates coins. By the way, the Penny is retiring after 2023.
@batmanthegrower42044 жыл бұрын
i have a 1889 indian head penny
@coolkingwistune1323
4 жыл бұрын
HoNey nUt I have a 1864 2 cent penny
@michaelharrington75
Жыл бұрын
I have 1877.
@tba6403
Жыл бұрын
@@michaelharrington75 thats expensive. i have every business struck cent minted 1879-1958, 32-58 in full red bu. have some bu before too... and older before 79. 75 65 64 63 59, 58 57 flying eagle and a 52 braided hair
@auadisian8 жыл бұрын
This 'Americans for Common Cents' guy is a robot fueled by Jarden Corp.... He admits Americans are reluctant to change! Jarden has a lot of business operations other than the penny blanks. They will lose nothing if the penny is retired
@myerslaboratory56286 жыл бұрын
Save the beautiful penny's 😀😀😀
@bhzvlogs96694 жыл бұрын
Save the pennies
@-oiiio-3993
4 жыл бұрын
Pennies were British. They abandoned them for decimal coinage in 1970.
@Josh_martin6895 жыл бұрын
There are some rare pennies
@-oiiio-3993
4 жыл бұрын
Cents.
@tba6403
Жыл бұрын
@@-oiiio-3993 you replied to every comment you could didnt you
@YoloBagels6 жыл бұрын
lol 0.7 not 1.6 they stopped using copper in pennies in 1982.
@silversnatcher691
6 жыл бұрын
YoloBagels lol
@-oiiio-3993
4 жыл бұрын
The United States has never issued a penny, those were British. The original composition of U.S. cents and half cents was pure copper, but only through 1857. The first small cents of 1856 through mid 1864 were 88% copper, 12% nickel which was changed to a bronze composition which was used from 1864 through mid 1982 with the exception of 1943.
@randompersoncheck4746 жыл бұрын
i have a 1746 penny.... People said its not worth no money
@-oiiio-3993
4 жыл бұрын
British?
@bdaycaker3 жыл бұрын
I don’t care, I just wanted to see how they looked
@gayatribehera40753 жыл бұрын
HOW TO MANAGE GROCERY VEGETABLE NO JOB. SO MUCH TENSION FOR ETNOW TV CHANNEL AND CNBCTV 18 CHANNEL.
@mariaandrade47313 жыл бұрын
Ki
@gayatribehera40753 жыл бұрын
CNBC TV18 PUSHES SO MUCH ALSO ETNOW TV CHANNEL PUSHING YOU TOO MUCH
@zaubertricks76276 жыл бұрын
Yeah, let's get rid of the penny. Or wait... let's get rid of the nickel too! Or how about... hmm... let's get rid of the dime also. Let's get rid of the quarter as well. I think we should just round up our money to the nearest 1,000,000.00$ and call it a day
@-oiiio-3993
3 жыл бұрын
You'd rather go back to the Half Cent? It was abolished in 1857 and everything worked out fine.
@comichound4 жыл бұрын
So, by “history of the penny” you mean 1/4 of the video is vaguely about the history of pennies, but the real story is a propaganda piece oriented around contemporary assertions that we eliminate it. While “nothing cost a penny” is technically true, almost everything cost prices ending in 1-4 or 6-9. If you do not want pennies, you round up the price on everything you buy and tell the cashier to keep the change. As for me, I want my pennies.
@-oiiio-3993
4 жыл бұрын
Pennies were British. According to usinflationcalculator.com , one cent of 1990 would be equal to more than two cents today. Nobody needed half cent coins in 1990, we do not need one cent coins today.
@comichound
4 жыл бұрын
Brian Rothhammer “Pennies were British” is a genetic fallacy. The rest of what you said does not follow. Inflation is not a reason for the elimination of currency. Why not also eliminate nickels? Name something that costs a nickel. What about dimes? Gum ball machines don’t even take dimes. Most people don’t carry change. Let’s just round it up to dollars. It’s a sloppy slope to eliminate the singular unit and then think multiples of that unit will not follow suit.
@comichound
4 жыл бұрын
Brian Rothhammer btw. I’m not making a slippery slope fallacy. I’m saying eliminating the penny will lead directly to wanting to elongate the nickel. Here’s evidence. www.wsj.com/articles/should-the-u-s-retire-the-penny-and-nickel-1521425100
@-oiiio-3993
3 жыл бұрын
@@comichound The Half Cent was eliminated in 1857 and everyone got along just fine. Pennies were British. That is fact. The rest of your argument is absurd, history demonstrates otherwise.
@-oiiio-3993
3 жыл бұрын
The first U.S. 'Nickel' was the Three Cent Nickel of 1865. The Five Cent Nickel was introduced in 1866 and issued concurrently with the silver Half Dime. The current five cent 'Nickel' is no longer cost effective at its present weight and composition and could be replaced by an alternate five cent coin.
@josephk39264 жыл бұрын
LEAVE IT ALONE so we can collect them physics nerd
@-oiiio-3993
3 жыл бұрын
The United States Mint produces several coins each year, including commemoratives, for sale to collectors. There is no need to produce billions of cents for people to throw away. They could still be produced in sets for collectors as are the current one dollar coins: www.usmint.gov/
@gayatribehera40753 жыл бұрын
HOW TO MANAGE POOR EVERYDAY SPENDING ITEM MARRIAGE ALSO .THIS TWO TV CHANNEL SO TENSED . EVERYDAY SO TENSED ABOUT HOW TO MANAGE POOR GIRL NOT TALK PROPER ENGLISH ACSENT ALSO DONT KNOW
@lizzdoe28212 ай бұрын
Boooo. I love collecting pennies!!!
@fatecate8196 Жыл бұрын
i did it better 👎
@fatecate8196
Жыл бұрын
i agree
@fatecate8196
Жыл бұрын
yeah your video titled "the penny documentary" was really entertaining, and much more in depth than this
Пікірлер: 117
I'm very jealous, I'm a collector of all currency all over the world. I started collecting with my grandmother, when she died, I just kept going.
Forgot to add, "a penny saved is a penny earned"
I am shocked He allowed her to pick it up over a stone table. INSANE!! One drop, Value drops many thousands. Also, there are not pennies, but cents.
They aren't "pennies", they are cents. Pennies were British until they decimalized in 1970. Metric coinage was an American innovation; 1 dollar = ten dimes = 100 cents.
What really drives me nuts about this video is it isn't a penny it is a cent. The British mints pennies. The US mints cents.
@michaelharrington75
Жыл бұрын
Yeah, not one penny was shown in this video, nor was the history of the penny told.
Australia stopped use a one-cent coin in about 1990. No-one missed them for a second.
@aggelosvelissarakos599
3 жыл бұрын
yea well i know people that have like 100$ in pennies if people stopped using pennies there goes $100
I'm about to put some error and variety coins on eBay for auction/sale. Knowing this, I will hold onto some of them because they will be, more rare, than what they are now. Thanks for the information, love this video !!!
I like nickels. I like old pennies though. My oldest one is a 1909 indian head and I think the oldest coin I have is a 1836 coin from Mexico.
@68Miles
5 жыл бұрын
The 1909 Indian Head Penny is rare, that was the last year of the Indian Head Penny, 1909 is also the first year of the Lincoln Penny. If your coin happens to have the "S" Mint mark for San Francisco, you have an even more rare coin.
@coolkingwistune1323
4 жыл бұрын
I have a 1864 2 cent penny and that’s my oldest penny no bragging
@-oiiio-3993
4 жыл бұрын
Cents.
Thank you CBS sunday morning
The obverse portrait on the flowing hair penny looks like Beetleguese.
@Alexander-Fritz
4 жыл бұрын
beetlejuice*
But if you need to give somebody 41 cents there you go
I like pennies.
@omparkeshkohli6838
7 жыл бұрын
+Omparkesh Kohli to
@princedelacruz23
6 жыл бұрын
Jennifer Zatwarnicki jhhhjjj
@Plaguedblackr
4 жыл бұрын
Jennifer Zatwarnicki AHHHHH
Gas is already rounded up.
@sharodhairston7355
4 жыл бұрын
Yeah🗽🇺🇸🇻🇳 🏆💴💵💸💶💷💰💳💎
@sharodhairston7355
4 жыл бұрын
I think so haha 😂
Here from online school work
I used to have one of those big pennies. It hurts to know someone stole it. It had been handed down through the family for years & now it's gone, along with all my other old coins. Used to have a pile of silver dollars too.
@michaelharrington75
Жыл бұрын
They're called large cents. What year was the one you had?
Ooh, a penny! You know what they say-
Don’t get rid of the penny
@n-s-a7113
3 жыл бұрын
Without the atom you can't have matter
The Indian head is not actually a depiction of a Native American, but rather a depiction of lady liberty wearing a native head dress.
Let them both go. Save money
I have a 1962 Canadian penny and I live in texas so I think that’s cool
@celestial8468
4 жыл бұрын
DarkRevenge7 cool I have a 1962 American penny
@-oiiio-3993
4 жыл бұрын
@@celestial8468 Cent.
@-oiiio-3993
4 жыл бұрын
Cent.
Round to the nearest dime! I wouldn't mind rounding to the nearest dollar (for a transaction, not for each item).
It survived gutters, dressers…..
video ends at 1:28. no history after that, just talking about getting rid of the cent.
my oldest penny is 1793 CHAIN CENT
@-oiiio-3993
3 жыл бұрын
If you owned a 1793 Cent, you'd know it's not a 'penny'.
@tba6403
Жыл бұрын
@@-oiiio-3993 ill stand by you on this one
although i agree it cost more to make, but i wonder if we can chance losing more jobs in this country. also, how many business will be affected by the closing of that plant and it's suppliers? like where the employees shop? it's always a domino effect when a business closes.
@CurtisDensmore1
7 жыл бұрын
linda boyce The penny is deadweight on our economy. It has no value, but we make billions of them. We are all subsidizing Coinstar and the zinc industry.
@-oiiio-3993
4 жыл бұрын
@@CurtisDensmore1 Absolutely correct.
Not one single penny was shown in this "history of the penny" video. This was the history of the American cent.
@johntracy72
3 ай бұрын
If you were in the Air Force, you'd be a Technical Sargeant being so technical.
I only like the penny because it has Lincoln on it
I’m only watching this because of my penny debate essay 💀 y’all give me some ideas
one penny coin dollar
Keep the penny!
@-oiiio-3993
4 жыл бұрын
Why?
@tinastanley4444
3 жыл бұрын
Collect Lincoln cents. My favorite coin.
He should certified the pennies.
Britain use to have a decimal half penny
@-oiiio-3993
4 жыл бұрын
Pennies aren't decimal, cents are. Half cents were among the original denominations of U.S. coinage as specified in the Mint Act of 1792 and were used to make change for the Spanish equivalent of one real or 'bit. The United States dollar was based on and traded at par with the Spanish dollar until 1857. The U.S. dollar had decimal divisions of 1 dollar = 10 dimes = 100 cents and 10 dollars = 1 eagle. The half dollar, quarter dollar and half cent were issued to conform to the Spanish divisions of eight reales to the dollar, or "two bits, four bits, six bits, a dollar. One 'bit' was the decimal equivalent of twelve and one half cents.
Hes on it because of the homestead act one law system and the coins turn there back thats way he face the opposite way
Gloves on, said Amazon to wish. Ow
@Mistybrooks84
3 жыл бұрын
People thought her hair was too wild
Noway!
We let em. Have it. Ei
Half truths only go so far….
Tax!
One cent in 1960 had the buying power of 10 cents today when adjusted for inflation. That means they had nothing smaller than a dime in buying power, and they didn't descend into chaos or have people wind up destitute from losing the ability to get change back of a smaller unit. Nobody even considered it. We can do the same by simply eliminating the last digit on every price. Just cover up that last number on the register with some black tape and move on. It would save the government billions by the end of the decade.
@michaelharrington75
Жыл бұрын
The government waste money all the time. I say keep the cent. At least we have something to show for the waste.
australia one penny coin
KEEP THE PENNY'S
At least don't get rid of the already made ones
Just imagine if every single thing you bought was rounded up a few cents. it might not seem like much at the time but when it comes down to it you'll be losing lots of money
@CurtisDensmore1
7 жыл бұрын
Brandon Love Nope. Rounding goes in both directions. You'd break even.
@caboose.20
4 жыл бұрын
Rubbish. And that is the overly paranoid attitude which stops any change from happening.
Really.. What do you think when go to the gas stations. 2.33 one day 2.48 the next day 2.41 now. Then the your taxes are taken to make the money/penny. It costs the tax payer 2.8 mill or bill to make worstless change. Money could build school's better health care. Early retirement. There's old ppl 72 and above working to pay for health meds. Wake up ppl. We pay taxes we pay for every other countries problems. I believe that when you turn 62 you should get a million dollars from the government to help in your last days for helping with taxes. It would create so many jobs. So much more creative idea's.
canada??? LOL!!!
one penny may not buy anything, but remember, 100 pennies = dollar; 500 pennies = $5, 10,000 = $100. In otherwords a collection of pennies do have value. The reason the penny costs more to manufacture than it is worth is because the Federal Reserve sets the value of our money that way, debt is a good thing to the Fed. Coins are assets to the Fed where as bills are liabilities, the Fed hates coins. By the way, the Penny is retiring after 2023.
i have a 1889 indian head penny
@coolkingwistune1323
4 жыл бұрын
HoNey nUt I have a 1864 2 cent penny
@michaelharrington75
Жыл бұрын
I have 1877.
@tba6403
Жыл бұрын
@@michaelharrington75 thats expensive. i have every business struck cent minted 1879-1958, 32-58 in full red bu. have some bu before too... and older before 79. 75 65 64 63 59, 58 57 flying eagle and a 52 braided hair
This 'Americans for Common Cents' guy is a robot fueled by Jarden Corp.... He admits Americans are reluctant to change! Jarden has a lot of business operations other than the penny blanks. They will lose nothing if the penny is retired
Save the beautiful penny's 😀😀😀
Save the pennies
@-oiiio-3993
4 жыл бұрын
Pennies were British. They abandoned them for decimal coinage in 1970.
There are some rare pennies
@-oiiio-3993
4 жыл бұрын
Cents.
@tba6403
Жыл бұрын
@@-oiiio-3993 you replied to every comment you could didnt you
lol 0.7 not 1.6 they stopped using copper in pennies in 1982.
@silversnatcher691
6 жыл бұрын
YoloBagels lol
@-oiiio-3993
4 жыл бұрын
The United States has never issued a penny, those were British. The original composition of U.S. cents and half cents was pure copper, but only through 1857. The first small cents of 1856 through mid 1864 were 88% copper, 12% nickel which was changed to a bronze composition which was used from 1864 through mid 1982 with the exception of 1943.
i have a 1746 penny.... People said its not worth no money
@-oiiio-3993
4 жыл бұрын
British?
I don’t care, I just wanted to see how they looked
HOW TO MANAGE GROCERY VEGETABLE NO JOB. SO MUCH TENSION FOR ETNOW TV CHANNEL AND CNBCTV 18 CHANNEL.
Ki
CNBC TV18 PUSHES SO MUCH ALSO ETNOW TV CHANNEL PUSHING YOU TOO MUCH
Yeah, let's get rid of the penny. Or wait... let's get rid of the nickel too! Or how about... hmm... let's get rid of the dime also. Let's get rid of the quarter as well. I think we should just round up our money to the nearest 1,000,000.00$ and call it a day
@-oiiio-3993
3 жыл бұрын
You'd rather go back to the Half Cent? It was abolished in 1857 and everything worked out fine.
So, by “history of the penny” you mean 1/4 of the video is vaguely about the history of pennies, but the real story is a propaganda piece oriented around contemporary assertions that we eliminate it. While “nothing cost a penny” is technically true, almost everything cost prices ending in 1-4 or 6-9. If you do not want pennies, you round up the price on everything you buy and tell the cashier to keep the change. As for me, I want my pennies.
@-oiiio-3993
4 жыл бұрын
Pennies were British. According to usinflationcalculator.com , one cent of 1990 would be equal to more than two cents today. Nobody needed half cent coins in 1990, we do not need one cent coins today.
@comichound
4 жыл бұрын
Brian Rothhammer “Pennies were British” is a genetic fallacy. The rest of what you said does not follow. Inflation is not a reason for the elimination of currency. Why not also eliminate nickels? Name something that costs a nickel. What about dimes? Gum ball machines don’t even take dimes. Most people don’t carry change. Let’s just round it up to dollars. It’s a sloppy slope to eliminate the singular unit and then think multiples of that unit will not follow suit.
@comichound
4 жыл бұрын
Brian Rothhammer btw. I’m not making a slippery slope fallacy. I’m saying eliminating the penny will lead directly to wanting to elongate the nickel. Here’s evidence. www.wsj.com/articles/should-the-u-s-retire-the-penny-and-nickel-1521425100
@-oiiio-3993
3 жыл бұрын
@@comichound The Half Cent was eliminated in 1857 and everyone got along just fine. Pennies were British. That is fact. The rest of your argument is absurd, history demonstrates otherwise.
@-oiiio-3993
3 жыл бұрын
The first U.S. 'Nickel' was the Three Cent Nickel of 1865. The Five Cent Nickel was introduced in 1866 and issued concurrently with the silver Half Dime. The current five cent 'Nickel' is no longer cost effective at its present weight and composition and could be replaced by an alternate five cent coin.
LEAVE IT ALONE so we can collect them physics nerd
@-oiiio-3993
3 жыл бұрын
The United States Mint produces several coins each year, including commemoratives, for sale to collectors. There is no need to produce billions of cents for people to throw away. They could still be produced in sets for collectors as are the current one dollar coins: www.usmint.gov/
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Boooo. I love collecting pennies!!!
i did it better 👎
@fatecate8196
Жыл бұрын
i agree
@fatecate8196
Жыл бұрын
yeah your video titled "the penny documentary" was really entertaining, and much more in depth than this
@fatecate8196
Жыл бұрын
thanks for the kind words guys