The phasing out of the coins will mean businesses will need to round prices up or down
this post was submitted on 22 May 2025
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Canada did it.
If you pay in cash, it's rounded up (obviously)
If you pay digitally, nothing changed.
Over a decade, you probably won't even lose a dollar unless you only pay in cash for everything.
I don't have faith that the US can do such a straightforward system without gouging
If you pay cash its rounded to nearest 5¢, up or down. At least this has been the case in my experience.
Yes, my bad. To the nearest 5 cent.
In Denmark they had rounding up or down to the nearest 25, now the 50 øre piece. If you're half way in many countries the shop can pick. Electronic payments can still be to the lowest significant digit.
Australia rounds to nearest 5c also. Digital remains the same exact to the cent.
CGP Grey is already moving the goalposts
Holy God this is hilarious
I'm sure this will be enacted with all appropriate considerations and precautions, to ensure the smoothest transition possible
RIP to the squish a penny into a souvenir machine industry
Squish a nickel?
Good. They should get ride of the penny and the dollar bill.
More dollar coins and two dollar bills.
Every once in a rare while even a clock as broken as Trump can be correct.
Penny? knock-knock Penny? knock-knock Penny?
Yay, $700,000 a year saved!
Closer to $179,000,000 saved but I'm guessing you were rounding