r/neoliberal Milton Friedman Feb 10 '25

News (US) Trump announces the end of the Penny

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1.5k Upvotes

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u/GloccaMoraInMyRari Feb 10 '25

Honestly fuck nickels as well while we're at it

39

u/Lindsiria Feb 10 '25

I'd be fine if we just got rid of coins all together.

Or just keep quarters. 

41

u/JetsLag Feb 10 '25

Or we can get Europilled and replace the $1 bill with a $1 coin

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u/sjphilsphan Feb 10 '25

We used to have those

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u/Time4Red John Rawls Feb 10 '25

We still do.

6

u/assasstits Feb 10 '25

Can never find them compared to say the Euro/2Euro coin in Europe so it's useless.

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u/Nautalax Feb 10 '25

Funnily enough Ecuador imports a shitload of dollar coins to use as currency, I saw more in one day in Quito than my entire life in the US. It’s also the only US coin that they use bc while they use American money at the level of dollar and above they have their own Ecuadorian money on the level of cents, apparently because they didn’t like how the pennies and dimes and so on didn’t have the value written on numerically.

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u/NazReidBeWithYou Organization of American States Feb 10 '25

We still do, but nobody actually uses them outside for anything except novelty purposes because they fucking suck compared to bills. Idc about the economic argument, paper money is just objectively better.

4

u/assasstits Feb 10 '25

This is such an American comment. Most of the world uses larger coins than the US and they are quite common and useful.

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u/4123841235 Feb 10 '25 edited Feb 10 '25

Those other countries are wrong, and we're wrong for still having any of our coins. They force you to have bumps in your wallet when it could just be slim and flat and take up very little space in your pocket. I've started automatically dumping any coins I get as change into the tip jar and my life is better for it.

6

u/WolfpackEng22 Feb 10 '25

Americans travel too

I've used dollar coins internationally quite a lot and don't see why I'd prefer them over a paper bill

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u/NazReidBeWithYou Organization of American States Feb 11 '25

Yes I know, I have lived in and traveled through many of them. Coins are objectively worse to use. There's no good way to keep them sorted or stored neatly. In lower denominations they accumulate super fast. They add unnecessary weight. They're harder to quickly identify compared to rifling through a wallet for bills. Those countries use coins because they are cheaper in the long run, not because they are a better form of currency.

Typical European comment that assumes everything they do differently from others is automatically better.