Andy Rooney complained about pennies back in the 1980s. https://www.youtube.com/watch?v=A-zcWgXu4hg . "A penny saved is a waste of time."
In inflation-adjusted terms, a penny back then was worth almost 3 cents now.
Apparently I misremembered how it worked and it's actually 1, 5, 18 and 25 (or 29) for a 4 coin system: https://cs.uwaterloo.ca/~shallit/Papers/change2.pdf
Only when paying cash, and only the total.
It’s past time we did away with the penny and honestly the nickel shouldn’t be too far behind. Really anything less than a quarter seems like more trouble than it’s worth at this point. I would never carry change though, I barely carry cash as-is.
Theoretically you can go to the supermarket with a big bag with a thousand of AR$1 coins, and they must accept them but it would be very weird.
[1] It's a personal opinion, there are no official threshold, don't ask how I made an statistic.
The only application of fractional currency in modern USA is in making every price end in 99 cents for stupid reasons. Everyone has been conditioned to mentally round up any price to the next dollar.
There's nearly nothing you can buy today for less than a dollar. There's no point in any smaller denominations.
Aren't most things in the fruits and veggies section under a dollar? What's a carrot or a lemon cost?
Looking at the weekly ad at Food4Less, tomatoes are 2lb/$3. I think that's like 50 cents each tomato. Onions are 89 cents/lb.
globular-toast•8mo ago
perilunar•8mo ago
I’m hoping the 5c coins will go soon, and we’ll get an $5 coin.
theothertimcook•8mo ago
https://www.australian-coins.com/investing-in-coins/australi...
perilunar•8mo ago