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Historic NY

(39,955 posts)

25. Fractionalize currency has been around since somebody decided sea shells were a problem

Reply to Timewas (Reply #24)

Fri Mar 13, 2026, 08:26 AM

2 hrs ago

various civilizations cut coins (ie. pieces of eight) by dividing, halving, or quartering coins...Of course some coins were minted with silver or gold. Then some discovered they could make a coin by adulterating it with various other metals.

Someday someone is going to invent a new method like debit cards.

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Dixc

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Highlight:

State lawmakers rush to set rounding rules for when there are no pennies [View all] BumRushDaShow 23 hrs ago OP

When I do pay cash I tell the clerk to keep the pennies. twodogsbarking 23 hrs ago #1

Pricing Timewas 23 hrs ago #2

A nickle costs 13.8 cents each Historic NY 23 hrs ago #4

That's true! I looked it up. 70sEraVet 21 hrs ago #13

Depends on how you define cost as the money spent is money that also flows into the economy. cstanleytech 20 hrs ago #18

But they last decades and get spent countless times. The cost is also offset by how cheap it is to print a 20 buck bill Blues Heron 2 hrs ago #28

Really? Timewas 15 hrs ago #24

Fractionalize currency has been around since somebody decided sea shells were a problem Historic NY 2 hrs ago #25

I wondered about that also - how do you make the taxes always end in a nickel? rurallib 23 hrs ago #6

You would have to revalue the currency with nubucks or some such Blues Heron 2 hrs ago #30

Because of our regressive sales taxes IbogaProject 22 hrs ago #11

My 2 cents Historic NY 23 hrs ago #3

It seems like they were always rounding up and keeping the extra. mackdaddy 23 hrs ago #5

Can we round it up to a nickel and give that extra to the billionaire class? rurallib 23 hrs ago #7

It honestly would not surprise me if they try doing something like that. cstanleytech 20 hrs ago #19

My local McDonald's has adopted nearest nickel for cash transactions. hay rick 23 hrs ago #8

I find it more than pathetic that we need a law to clarify rounding up or down in the marketplace zeusdogmom 22 hrs ago #9

30 Years ago I could buy small resses PB cups for 3 cents. Today if I droped 3 cents no one would pick it up. Jacson6 22 hrs ago #10

Yes, but 30 years ago a gum ball cost 2 cents . . . Journeyman 22 hrs ago #12

WOT????!!! Jacson6 21 hrs ago #16

And then a dime. And then a dollar... Torchlight 18 hrs ago #22

Our monetary system should be based on something of a tangible value 70sEraVet 21 hrs ago #14

Did you look closely at the cents that would be rounded up or down? slightlv 21 hrs ago #15

Canada Maninacan 21 hrs ago #17

A cent coin is not a commodity, it's a token, like a certificate. It's worth what it is by fiat, not by cost. eppur_se_muova 19 hrs ago #20

Next up...that $19.95 thingamabob will be rounded up to 3825-87867 18 hrs ago #21

Stores are rounding down, not up Deminpenn 18 hrs ago #23

At our store yesterday (NJ), a customer was on the verge of a meltdown no_hypocrisy 2 hrs ago #26

I've done that before. It's fun in Walmart bucolic_frolic 2 hrs ago #29

All this nonsense could be avoided if they would only bucolic_frolic 2 hrs ago #27