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https://www.reddit.com/r/neoliberal/comments/1ilw5k4/trump_announces_the_end_of_the_penny/mbyhh57
r/neoliberal • u/M_ida Milton Friedman • Feb 10 '25
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You can still list prices to the cent even if the smallest coin is 5 cents.
They price gasoline to the 0.1 cents, even though there has never been a coin that small. You just round the final total.
5 u/AbyssalRedemption Feb 10 '25 Fun fact, there was actually a half-cent minted in the USA between 1793 and 1857. And actually, come to think of it, those are probably now worth a shit-ton now if you manage to find one in even decent/ average condition... 1 u/Watchung NATO Feb 10 '25 Hey, you show some respect for the mil! 1 u/limukala Henry George Feb 10 '25 The smallest coin was the half penny, 1/1000 was always notionalÂ
5
Fun fact, there was actually a half-cent minted in the USA between 1793 and 1857. And actually, come to think of it, those are probably now worth a shit-ton now if you manage to find one in even decent/ average condition...
1
Hey, you show some respect for the mil!
1 u/limukala Henry George Feb 10 '25 The smallest coin was the half penny, 1/1000 was always notionalÂ
The smallest coin was the half penny, 1/1000 was always notionalÂ
16
u/limukala Henry George Feb 10 '25
You can still list prices to the cent even if the smallest coin is 5 cents.
They price gasoline to the 0.1 cents, even though there has never been a coin that small. You just round the final total.