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re: Penny Shortage/Elimination - Rounding Change

Posted on 11/7/25 at 12:50 pm to Tarps99
Posted by caill430
Da Dirty Dell
Member since Jul 2005
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Posted on 11/7/25 at 12:50 pm to Tarps99
So the movie Office Space can now claim to be based on a true story?
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Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
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Posted on 11/7/25 at 12:50 pm to F1y0n7h3W4LL
quote:
Convenience stores have begun doing that.

Works for me.
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Posted by REB BEER
Laffy Yet
Member since Dec 2010
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Posted on 11/7/25 at 12:50 pm to Tarps99
I was bartender in the 90’s and told a financial guy that was a regular they we should just round to nearest nickel. He told me it wouldn’t work because of the big picture with the stock market. It would cost companies millions.

I’ve been against pennies for 30 years.
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Posted by catholictigerfan
Member since Oct 2009
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Posted on 11/7/25 at 1:16 pm to Tarps99
There is currently a bill trying to require stores to round up/down to the nearest nickel.

So a 3.96 transaction would become 3.95, and a 3.99 transaction would become 4.

LINK
This post was edited on 11/7/25 at 1:20 pm
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Posted by catholictigerfan
Member since Oct 2009
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Posted on 11/7/25 at 1:18 pm to REB BEER
quote:
I was bartender in the 90’s and told a financial guy that was a regular they we should just round to nearest nickel. He told me it wouldn’t work because of the big picture with the stock market. It would cost companies millions.


If you round to the nearest nickel it would break about even, sometimes it helps the consumer sometimes it helps the business. It won't cost companies millions if you round up and down, it would cost them if they can only round down.
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Posted by BDPops85
Member since Mar 2020
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Posted on 11/7/25 at 1:41 pm to AlxTgr
Yeah they did it in Superman 3
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Posted by LSURussian
Member since Feb 2005
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Posted on 11/7/25 at 2:11 pm to Tarps99
quote:
Penny Shortage
I just don't understand why people say there is a penny shortage.

I've got 4 five-gallon jugs full of pennies in my den...
This post was edited on 11/7/25 at 2:12 pm
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Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
26000 posts
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Posted on 11/7/25 at 2:20 pm to Tarps99
quote:
Rouses Markets announced Thursday that it will begin phasing out pennies


Rouses should probably focus more on making sure their stores don't suck.
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Posted by LSUtoBOOT
Member since Aug 2012
19626 posts
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Posted on 11/7/25 at 2:49 pm to Tarps99
The country has finally run out of cents, nickels beware.
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