The USA Penny is going away.

dilettante said:
Walmart Charging $100 For Self Checkout | Itā€™s Spreading

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I am the worst self out checker at all self checkout places.
It's insulting to have to work for a billionaire! Get real!
Next he will expect me to stock the shelves, load the return
over the time limit crap stuff too. F'm! The 3 rushing around
to help me are real a PITA! Waldos, please close up along with
Home Depots. I am sick and tired of trying to get past the pallets of crap!
 
dilettante said:
Walmart Charging $100 For Self Checkout | Itā€™s Spreading

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I watched the entire video, then researched this and found mixed information. Lumping it all together, it seems what may happen is a membership fee to shop Walmart, similar to Sam's or Costco. If they do this, it will become the trend for other retailers / grocers as well.
 
Or it may just become a trend in high-theft stores, which tend to be in high-theft regions of the country. In some such locations they have chosen to remove self-checkout entirely. Target and Dollar General have been reported to be doing much the same.
 
Someone said it costs $0.04 cents to stamp a penny.
You know just call it a dime. No, I got it name it a Quarter.
$1 to transport it from Philly to you in Cedar Valley.

Use Amazon Prime!
 
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That Lady in PA said:
A video does not make it true...

https://www.reuters.com/fact-check/...tomers-98-use-self-checkout-lanes-2024-03-28/
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Thanks for the link you provided from Reuters. I saw the same link earlier today.

Although I don't find proper support for the video, I found the following which indicates a possible trend in the direction toward a $98 Walmart membership fee:

FROM HERE:
"Walmart stores generally have self-checkout open for both the general public and Walmart+ members, the company said. But some stores may choose to limit self-checkout lanes temporarily based on customer flow, meaning there are times the only self-checkout lines open are those reserved for Walmart+ members." [Red lettering is mine, but entire above quote found within the link.]

Here is more information from Walmart about their membership:
What is a "Walmart + Membership?"
 
Don't forget that not producing more pennies does not mean they're going to be worthless or anything. :giggle: Use your pennies as always... if something is rounded up to a nickle, I can still give five pennies. In time they'll get more scarce, but not making more does not mean they're no longer legal tender and still circulated.
 
CallMeKate said:
Don't forget that not producing more pennies does not mean they're going to be worthless or anything. :giggle: Use your pennies as always... if something is rounded up to a nickle, I can still give five pennies. In time they'll get more scarce, but not making more does not mean they're no longer legal tender and still circulated.
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True enough. There are probably enough out there in the hands of people to meet the need. At least enough so that producing them at a loss can't be justified.
 
Timewise 60+ said:
The penny may be going, but the copper in it will continue to increase in value. So hold on to your pennies...
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The only American pennies worth saving for their copper content are those manufactured before 1982.
American Pennies made prior to 1982 were 95% copper. Pennies made 1982 onward are only copper plated (2.5% copper).
 
MrPants said:
The only American pennies worth saving for their copper content are those manufactured before 1982.
American Pennies made prior to 1982 were 95% copper. Pennies made 1982 onward are only copper plated (2.5% copper).
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Aside from the steel year and the bronze years. But yeah, they've been plated zinc for decades.
 
spookycat said:
I'm still wondering what a "red cent" is, my grandpa used to refer to them, ususally in a small incidence of monetary irritation.
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A "red cent" referred to an Indian head penny.

The term is older than my grandfather, but that is what he was referring to when he said red cent.
 
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That Lady in PA said:
A "red cent" referred to an Indian head penny.
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Sounds bogus to me.
What metal is red?

Everything You Need to Know About: Red Metals

Three names in the vast and varying world of metals stand out amongst the crowd thanks to their unique reddish hues. These metals are known as the "red metals" and make up some of the most commonly used metals in the world: copper, brass, and bronze.
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