The official Goodbye to the one cent

[Tesorodeoro]

You are correct, it's a psychological marketing technique and it works, lol. If I buy something for $9.99 and my wife asks me how much it cost, I always say 9 bucks or 9 bucks & change. It just seems closer to $9 than $10, lol.

But the whole penny thing apparently didn't start out to be a marketing ploy. I read an article years ago that said that around the turn of the century, newspaper boys would stand on street corners near stores to sell their newspapers, which at that time cost 1 cent. The merchants started charging .99 instead of 1 dollar, or .49 cents instead of .50 cents so their patrons would have a penny to buy a newspaper when they left the store. I wasn't there to verify, lol, but that's what the article said.

No because the tellers now ask you if you want your change! So most of the time folks will pay $10 anyway. Personally, I’m going to be the penny or nickle nazi till I die. Heck yes I want my change. I don’t care if it gets lost in my driveway or tossed into a jar. You’re not getting what you didn’t earn. Count the change.

 

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[ConceptualizedNetherlandr]

In the big photograph, how much could this add up to in a year for any person. Especially if things are properly rounded up or down. It should average out to even.

 

[Gare]

My feeling it is about time we get rid of them. Complete waste of money to make them

 

[Gare]

How many things can you name that cost less then a nickle ?

 

[ConceptualizedNetherlandr]

How many things can you name that cost less then a nickle ?

Not sure how that matters. The purchase total with tax if applicable can easily end up not on a five or zero. But we are talking small change here.