Mark Zuckerberg

We have a lot of support from coin collectors and many of those started collecting pennies when they were younger. There's certainly a nostalgia people remember when they were younger of saving pennies and other coins and making a purchase through the saving and what that symbolizes for thrift and the ability of being patient.

So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.

So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.

So I think those all play into the nostalgia and the support for the penny. But ultimately, this is really an economic issue.

If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.

If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.

If we can agree on one thing, it's that businesses have an incentive to maximize profits. There's no incentive to round down. They're going to round up in most instances unless there is legislation that directs a rounding scheme on how that should work. But many grocery stores, many convenience stores work on very small margins, and those pennies really do add up, and it makes a difference.

So the rounding is a big, big problem, and consumers lose in that scenario. Yeah.

So the rounding is a big, big problem, and consumers lose in that scenario. Yeah.

So the rounding is a big, big problem, and consumers lose in that scenario. Yeah.

nickel now cost 14 cents so we're going to be losing nine cents on every nickel that we make and we've seen from other countries that have done away with their low denomination coins more recently with australia with switzerland that their their next denomination coin their nickel uh production went up so you're not actually going to save money

nickel now cost 14 cents so we're going to be losing nine cents on every nickel that we make and we've seen from other countries that have done away with their low denomination coins more recently with australia with switzerland that their their next denomination coin their nickel uh production went up so you're not actually going to save money

nickel now cost 14 cents so we're going to be losing nine cents on every nickel that we make and we've seen from other countries that have done away with their low denomination coins more recently with australia with switzerland that their their next denomination coin their nickel uh production went up so you're not actually going to save money

Well, I would hope that wouldn't be the next step. Really, I think there's a concern about rounding to the nickel. I would submit that some have said, let's do away with the penny and the nickel. But if you start... Talking about rounding to a dime, I think you're going to have some significant economic effects and inflation.

Well, I would hope that wouldn't be the next step. Really, I think there's a concern about rounding to the nickel. I would submit that some have said, let's do away with the penny and the nickel. But if you start... Talking about rounding to a dime, I think you're going to have some significant economic effects and inflation.

Well, I would hope that wouldn't be the next step. Really, I think there's a concern about rounding to the nickel. I would submit that some have said, let's do away with the penny and the nickel. But if you start... Talking about rounding to a dime, I think you're going to have some significant economic effects and inflation.

If you have a transaction, you know, of 15 cents and you don't have a nickel and you don't have a penny, it kind of gets you into a slippery slope of rounding to just very, very high numbers.

If you have a transaction, you know, of 15 cents and you don't have a nickel and you don't have a penny, it kind of gets you into a slippery slope of rounding to just very, very high numbers.

If you have a transaction, you know, of 15 cents and you don't have a nickel and you don't have a penny, it kind of gets you into a slippery slope of rounding to just very, very high numbers.

Shame on you! What did you do that for?