Do away with the penny?

Official TSP Center polls.

Moderator: Aitrus

Should the U.S. do away with the penny?

Yes
64
75%
No
21
25%
 
Total votes: 85

fishbone
Posts: 115
Joined: Wed Oct 21, 2009 11:19 am

Re: Do away with the penny?

Post by fishbone »

I bet I put more copper in wiring in a single building than a whole year worth of penny minting consumes. I think they are only made of 2% copper... it may be propping up the zinc market though :) ... and yeah unfortunately 118M might seem like a lot to us but it isn't... the war will blow through that in about an hour... 118M is about 3 thousandths of one percent of our yearly budget. They would probably spend ten times that doing a study on whether or not they should discontinue the penny.

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Fund Prices2026-08-17

FundPriceDayYTD
G $20.14 0.04% 2.80%
F $20.82 -0.18% -0.28%
C $124.78 -0.51% 13.94%
S $120.64 -0.28% 20.15%
I $66.42 0.07% 19.68%
L2075 $12.94 -0.28% 16.67%
L2070 $14.81 -0.28% 16.67%
L2065 $25.00 -0.28% 16.67%
L2060 $25.00 -0.28% 16.68%
L2055 $25.00 -0.28% 16.68%
L2050 $47.37 -0.23% 14.00%
L2045 $21.25 -0.22% 13.29%
L2040 $76.32 -0.20% 12.59%
L2035 $19.76 -0.18% 11.79%
L2030 $64.06 -0.14% 10.26%
Linc $31.14 -0.06% 6.49%

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