DEATH TO PENNIES

@@coltongamez4675 why so negative?

@@yukidoodle5347 Shilling for the pennies?

@@coltongamez4675 I'm not sure what "indormation" means, but you might think a little about how _all_ of your currency is being made worth less and less until it is worthless. About how putting money in savings is a poor investment because even with the meager interest it will earn, it still _loses_ value to inflation.

Ughhhhhhh. Thanks for making me more upset that it’s still around.

yeah i would tear it down

@@sonofsanto why?

@@Darkestsheltz they wouldnt, they just wanted to comment something

*zink

@@sonofsanto away down south in the land of traitors

Half of that inflation is the past year. Hmmm

With 2% inflation per year it would be over 24% less buying power.

@@YHDiamond funny how that works doesn't it? Rooting for Brandon!

Depending on when in 2022 you do the math the number will change a lot. 2% inflation target used to be hard to reach, now it's nearly impossible to get it back that low.

fun fact: the us is actually discontinuing pennies

I like how crushing a penny is legal, but melting it isn't

@@TaliyahP you can do both, if you try to use as currency then, then thats a crime

@@JacksonOfTheJerry That is false. The penny will not stop the train.

done that

You can also injure yourself by putting them in your nose Not talking from personal experience, maybe

Dr. Peopers I usually use quarters for that, the odd time we actually buy a ticket.

What if you need a penny cuz something you want costs 10.21 hmMMMMmMmMmmmMmMmMmMM 🤨 Edit: for the people who are still replying. It’s a joke

ITS_NIGHT_WOLFIE then it would’ve rounded down

@@wolfie__lol then I just use a $10 bill and a $1 bill.

@@tyxgamer3 but we still need pennies. No matter what a penny is money!

I still use pennies dimes nickels quarters and half dollars and dollar coins. Pennies still have power but not as much it did in the 1970s and early 1980s. There's few vending machines,lots and lots of charities,banks coinstars,mom and pop stores,some local candy bars that cost 50 cents you can use 50 or less pennies, business transactions and taxes that still rely on the pennies. There not entirely worthless plus they do help beat inflation and keep mom and pop stores open.

@@alexcholagh8330 Imagine all this you just described... But with 5cents instead xd

@@mefit8725 if we switched to the 5 cents prices will go up because of greed when rounding alot of companies will raise price's instead of paying 1.25 your paying 1.45 if not more but as supply and demand increases it goes up over the years and less then 30 years the 5 cent will be somewhat useless like it's predecessor the penny because of the greed and inflation. The penny prevents such things by keeping the prices balanced and low based on competition if a candy bar is 1.25 one place will sell it 1.18 or 1.22 rather going up in prices based on high rounding.

@@alexcholagh8330 That's just your speculation based on no facts. Even when cents stop being produced they will still be used. Several countries like New Zealand, Australia, Netherlands and Canada got rid of their 1cents with no economical catastrophy you're discribing. Ultimately, if people chose to, they could still use the single cents. But pumping out more and more of them just wastes money and time.

@@mefit8725 they raised prices and pays in Canada Europe and other countries. But in the United States the prices will go high cause of greed and it will hurt peoples pays

We're pretty hard core with our veneration of dead presidents.

Seems like the main advocate for keeping pennies is the company that sells the zinc blanks to the government.

I was debating someone on Reddit about changing the Ontario flag from the Red Ensign because to them "it would be erasing our history" to change it. That backwards mindset exists everywhere.

Not to mention he's also on the 5 dollar bill

Why did you come here?

No No no 6 years

just another way in which Canada is ever so slightly better :P

Hehe WE never HAD PeNiEs! Did I spell that right I'm from NZ sooooo ya.

I live in canada no pennies here

We do a mild amount of trolling

@@Champion919Games a smidgen of tomfoolery

Time frame?

@@ButWhyMe... 1:06

@@theanomaly2587 Thanks~

Mostly to collectors though. If it would be abolished, it wouldnt be legal tender

Us or the U.S

@Aiden Charles Arthur Smawfield agreed

@@doodlebob5548 both mean the same thing

@@JoshuaDowdUSBC "us" as the word, or "us" as people who can't bother to get uppercase letters

@@SomeOne-gm5md and in this context as I am assuming he is American would convey the exact same message.

@@ichijofestival2576 I guess the male equivalent would be if I called my son Nick or Nickolas as in a (nick)el isn't much better than a penny.

Meh

@@Ginrikuzuma No, that's the equivalent of someone being called Pen. The nickel equivalent of naming someone Penny is to name someone Nickel.

haaaha

I have a friend who says that robots will kill us all not out of rebellion, but because they are doing exactly what we told them to do and we didn't fully understand all of the implications when we told them to do it. For example, we tell the robots to kill pennies, and they include everyone named Penny in that directive.

In the Netherlands, when the total amount it 4.02 and the customer wants to pay by cash, the cashier will round the total down to 4.00 and give back 1 euro when the customers pays with a 5 euro bill.

@@SuperNielsch Nice, I like that! Shoutouts to the Netherlands

He made a video on Canada’s pennies too.

The thing I thought was bizarre about Canada was that noone uses the 50c, and the mint just gave up even trying to get people to use it. Wiki suggests that this might be because the majority of people think that its still made of silver and hoard it, but how could people be so wrong for so long?

@@wildec2 I was about to comment that Canada doesn't have a 50c coin... However now I'm astounded I've never seen one.

I'm honestly of the opinion that if they get rid of our nickels and dimes I'd be happy. Whenever I get a coffee at Tim's or something I literally never take anything less than a quarter because I think they're more effort than they're worth.

@@BBB_bbb_BBB They almost literally are. It's less of a concern now though, since most people use cards. What with the pandemic and all.

Dutch child here. I feel u

Tbh im from the balkans and i have seen a one cent coin once in my life

i live in Germany and i dunno the only time i had trouble with the 1 cent euro coin was when i was trying to throw snap them harder to do when the Projectile is smaller than the thumb finger print

I'm from Ireland and there's an endless stream of 1 2 and 5 cent coins just lying everywhere that no one could be bothered with

@@calebryan1716 xD its great throwing equipment then xD

Shit might use it

This is the best comment ever (I ment the roast not trying to be rude)

You're nothing more than a waste of space and time* :)

You stole that from SSSniper Wolf

Collin Caperton IKR 😂

Dark-Lark Underrated comment.

Dark-Lark hahaha

THIS IS PUN PATROL GET DOWN ON THE GROUND WITH YOUR HANDS BEHIND YOUR HEAD

@@AuroraIceFlame I do Nazi why I should listen to you, Ann-d Frank-ly, I do not care.

Dark-Lark 👏

me too!

Mere mortals don’t understand the power of coin collectors

wait wait wait how much is the half penny worth?

@@danzjz3923 depends on year, mintage, and condition

@@danzjz3923 Like he said, it depends. But in lower condition, braided hair half cents (1840-1857) are worth $60+. With classic heads, (1809-1836) you could expect $80-$100 in the same condition. Draped busts (1800-1808) are $110+, and anything before 1800 could be worth upper hundreds to thousands. But there are many special coins that are worth WAY more the the aforementioned values.

Each state has a different sales tax and different areas within a state can have a different sales tax. When you consider the fact there’s 50 states, it’s just too much for advertisers and companies to keep track of. Personally, I’ve never been bothered by it and no one I know has either.

@@sparrowpelt20xx61 At least here in Aus, the price tags on items aren't placed by the companies that produce them, but by the stores that are selling them, I suppose I understand advertisers struggling, but outside of voiced prices, it wouldn't be too hard to automatically update the price based on the state, and even with voiced prices, it would be pretty easy to just record a different line for each state; And i've only just looked this up, so you probably know better than me, but it seems there are only about a dozen different sales taxes across the US.

Exactly my thoughts... What the fck...?!

@@sparrowpelt20xx61 this sounds like a nice little excuse to hide true prices and make people buy more stuff to me

Real Big Fish Let ask you something. How easy do you think it is to get most of the 50 states to agree on something? On one hand you have California that has a higher minimum wage but a higher sales tax (the other state like to make fun of them for that) and on the other hand you have states like New Hampshire with no statewide sales tax. There’s no way the federal government would or even could try to force the states to use the same tax rate. Plus, when you consider how taxes have played a part in our history. I think the federal government would be too scared to even try.

so 33 cents

@@tristantheoofer2 Yep, But I figured it would be more interesting to show it as all of those coins being worth less. Apparently they will finally stop minting the Penny in 2023. But they will keep circulating for a while longer.

ikr totally insane.

I just do it in my head...

Brandon M. Bruursema​​ Each state has its own tax policy so they have different percentages or none at all, so what is so hard with adding it to the prices?

sion8 Sure this may sound so simple to someone in a country with only one tax rate. The US is made of several stats that act as mini-countries with some of their own rules. The obvious reason is in your own paragraph. Things are constantly being shipped around state-to-state with set retail prices on boxes, labels and tags that cannot accommodate different tax rates. To even try to label everything with tax in mind is asinine, only small stores do it and only sometimes.

Brandon M. Bruursema That is true, however most of the time when I shop, the shelf I pick the item I'm interest in from actually has the price on it, why can't this label on shelves have the full price on it? Mind you, I work at retail and know how often my coworkers change prices on different items on the sales floor at the store I work at which is almost weekly; the tax doesn't change weekly the offers for them do, yet I see no trouble at the register adding said state tax in along with the other products prices why do I have to calculate all of my products total price before I pay? In the state I live in I know for sure food doesn't have state tax but most everything else does and guess what in New York they have two different tax rate for different products and I can only guess which would be under one or the other or both tax rates.

And I bet you learned more that stuck with you from a 5 minute youtube video than the rest of the school day. Modern public education is basically daycare. Even into grade 12 about 1/2 the time is useless busy work or useless things you wont remember 1 year later.

@@ccibinel true

@@ccibinel public education in most of the us is amazing. What matters most is what you make of it.

@@dantesfootballreviews8464 there are still many flaws in the system

That's how I found Kurzgesagt! I also convinced a teacher I was student aiding for to show a cgp grey video when I was in high school. Hopefully some of those kids sought out the channel later.

Genius solution

How the hell do we do that?

I finally see a oddones out comment

Someone watches odd one out and Charles the French!

@@thesomething1559 YES

@@thesomething1559 Cultured

@@thesomething1559 YESSSS!

i agree

Twix FN yup

@👁️ Bloody hell?!

Lol

yep

When did this happen?

@@local-Pilot-45 The US mint is going to stop making pennies in 2023

I can get over 25 dollars in CENTS without a weird thought

was it a social experiment on the bank tellers? XD

Now they would just call the cops. 😀

@@mxplixic why so?

The teller: why are you getting all of these worthless coins? The teacher: I swear, it's for SCIENCE!

More like 20 years, or... considering current events, maybe 2.

@@jamestheotherone742 or a new currency like we see with zimbabwe

And rise of bitcoin

@@ivankandella8103 Unlikely. At least not in the form of BTC and its copycats, which are not viable currencies given their inherent volatility.

More like 50 years

What else is special about that day? What do we do on it each year?

oh, until the guy at the pawn shop realizes he's actually buying 97.5% nickel and only 2.5% copper (according to wikipedia). If you did actually attempt this you would have to shave the copper off of the penny and keep the two materials separate.

You are not the first person to think of this. Why do you think it is illegal?

Inanedata At 97.5% nickle, that would still make the penny more valuable than its face value. Think you may have meant 97.5% zinc.

Inanedata who said I wasn't separating the copper and zinc and selling them both?

It doesn't matter what the composition of the penny is. The material itself is worth 1.8 cents per penny, so you would still be profitable if you sell the nickel on top of the copper.

Okay, I'll only hold it for you because I can scratch your car with that key.

Lmao

Cash Register: uuuufggggghhhh

@@joepro205 did you see the video which he bought a car with only pennies?

Curtis Liu ok someone DM Mr.Beast for a new challenge idea...buying 10 cars with only PENNIES

I used to do that, but it's difficult to drill a round ¼" hole in the copper-coated zinc ones. The bit bounces around, and the hole ends up too large and somewhat triangular. 🙃

Once you drill through the copper coating the creamy zinc filling just rots away. 😀

@@MikeV8652 your drill bit may need sharpening - the trick is to make sure the bit's point is on dead center...if not it'll do what you described. (Having a triangular shaped hole has been no issue for me) 😁👍

FBI OPEN UP! YOU’RE UNDER ARREST FOR DEFACING US CURRENCY!

The drill fatigue is probably worth more than the penny.

Why- Just Why...

Death to Terrible Jokes

@@immasnarl292 no no he’s got a point (Unlike pennies

@@miles820 *points to door*

Out

Videos like this might change people's minds, but not a government's.

+Josh ShyGuy that is also because the cost for a penny to be made has dropped since the video was made.

Doesn't stop the pennies being virtually worthless in transactions.

true

+dhodz hoddy Have enough people shown their desire to abolish the penny?

Was looking for this comment.

Or just roll them and drop them off at the bank

@@TheDeadOfNight37 Don’t bother rolling. We have to crack them open anyway.

@@SkiDaBird doesn't it at least make them quicker to count? just check if they fit the roll properly

I just use my spare change to get some fast food occasionally. Workers usually laugh it off and I get rid of my change. Win win

Me reading this: "wait until he sees the Holland video"

Kudos to grey for calling it the netherlands and also translating it perfectly to dutch

Yay ummm tja uuhhh pff geef me een like als nederlands be- uhh nee ik ben niet zo laag pfffffff

@@pimvanlith3473 im not from the netherlands but i understand a bit dutch :) now take my like ;)

~ Sincerely, at least the entire population of 10 of the Dutch provinces

the only other use is if you want to collect them and get a small amount of money ver a long period of time

So scams, scams, scams, and scams. Just like the penny is to mint.

Yep, it's so worthless that we use it as a throwaway coin.

we won't get rid of the penny lol. also, 69, nice

Yeah but you can use use other coins for scratch cards

The last one is so important

Is it now time for the *G E K O L O N I S E E R D* comments?

This comment it stolen from one posed 6 months before it, I know because this appeared right under it with about the same thing.

@@Cysfer nobody cares

@@Orincaby saying nobody cares to something copied is like not caring about someone who stole thousands of videos and is more popular than the original creators.

@@wowok8196 I disagree, comments take merely a minute to make. Videos, on the other hand, can take weeks to produce. So, that analogy really does not work.

Also, non-profit organizations don't have to pay a sales tax. So the system could 'in theory' get pretty complicated. If all items are posted with tax. Not to mention the differences in local sales tax vs state sales tax vs the amount the Federal Govt levies. And some states don't tax clothing or food, while others might. It may seem complicated, but it is actually a well thought process that helps keep sales in respective states and so on.

+

it's like that is most Canadian stores as well

Because we always have to do things the hard way.

Depends if you have sales tax of course.

Do u know da wae

Sketch UT very epic thank you spinel

Sketch UT what memes

Good point spinel

Oh, Spinel! Did you change your hair?!

Maybe Donald Trump will make the penny go away? I don't know if he even has the power to do that, but he would be remembered for doing one good thing. :D

People are currently debating whether to keep the penny

She's not half the girl she use to be. You can say she lost half her value ;)

+Oompa Loompa Aron Dang it! I can't get away from my dang dirty emotions even reading the comments of a CGP Grey video. Why do you hurt me like this?

PrimevalDragon She was a robot.

Oompa Loompa Aron Yes. A robot who also happened to have a soul. There's quite a difference.

PrimevalDragon Does she feel pain though?

The function of currency is facilitate trade, not to hold value. All metals have value because humans decide they do, not because they are inherently valuable, which makes them no different in this context.

I tried to do this back when I actually did anything by cash, and I always got really weird looks from cashiers.

But you realise that system is only in place because pennies exist. Without pennies $19.57 would be rounded down to $19.55 or if you got rid of the 5¢ it would round up to $19.60.

@@stevencowan37 Try giving a cashier under about 30 years old a 50 cent piece and their head will pretty much explode. Used one in a transaction and the young girl thought it was worth $2 and gave me back too much change. Yeah, the United States has never had a $2 coin.

It's great you can do that math, most of us can't on site. It's also frustrating for the cashier to deal with when their use to changing whole bills during the day. Counting out at the end is a pain as well when we get handfuls of change from kids and karen's

This is done by people who are bright enough to think.

2020 here. By the time the video was made, here's the list of countries that discontinued their penny denomination (or closest relative) : Belgium (2014), Italy (2018), Bahamas (2020), Canada (2012), Trinidad & Tobago (2018), Croatia (2012), Moldova (2017), Russia (2017), Ukraine (2018) Some countries are starting to phase out 5 cents. The heck are you doing, 'merica?

@@noemiej.marquis732 listening to lobbyists

Here in Chile we retired the 1 and 5 peso coins, leaving 10 as the smallest denomination (worth 1.5 us pennies) about a year ago. I'd love to see the 10 peso go as well, Scandinavian countries do great with their one krone coin (worth about 10 cents)

Je te connais bto

no more penny in 2023

He has a whole video on the difference between Holland and the Netherlands.

you posted this to early

@@Mr.TheCopperhead too*

Now its 10 😳

@@plazmaguy13yago9 yep

oh 2011 not 2029

Because people don’t like change. Heh

Because we’re stubborn

Different jurisdictions in the U.S. have different sales tax levels, and they change relatively frequently, so it's easier (in most settings) for merchants to just slap the taxes on at the end, especially in the era of online commerce.

@@Draco137YT it really isn't. A retailer only has to worry about local tax levels, and as a software engineer I can attest that it would be the matter of literally 2-3 hours (at most) of work to change a website to reflect taxation in the price based on the user's locality. This is just stubbornness.

@@thetheory6159 retailers probably also think that by showcasing a price as lower than it actually is, people are more likely to buy. I'm not sure how true this idea is, but I am sure that the thought that it *might* be true is probably enough to cause the retailers to not want to change.

+Alex Shannon That's not the only part of it... Many southerners were pissed off because Lincoln wasn't even on their ballot, but he still won.

Red Priest I think by that point they should just accept it. I'm Native American and I don't go around constantly complaining about Andrew Jackson. He died before my grandparents were born!

+Alex Shannon Well, when you consider the fact that Lincoln won the election without a single electoral vote from the South and therefore the South had effectively lost it's voice in the election, it's no surprised it left.

Elias Martinez Jr. The south attempted to commit election fraud by leaving him off of the ballot. It was THEIR fault they lost their voice.

Alex Shannon I'm not expert on the election, but I am 99% sure Southerners didn't take Lincoln off the ballot on purpose.

Diamond Cubez it doesn't have to be. Some stores post the whole price but most don't because then it looks cheaper than it is.

Diamond Cubez Every state has it's own sale's tax laws.

Diamond Cubez no, and things cost like $19.99 to make them look cheaper so the real price is tax on top of the advertised price which is always some ridiculous decimal

Diamond Cubez well one of the problems is the US can't just make a consistent sale tax and everywhere you go its different

Diamond Cubez And then for some reason gas always has tax included. Although it could be time consuming if it wasn't, and it would make people more aware of the outrageous taxes they are paying just for the "privilege" of mobility.

Well yes the time difference is almost 10 years, when the video was made Canada still used pennies and the fact that he made a video about Canada ditching the pennies about 4 months after this video.

Australians crying in the distance with 6 forms of coins

Penny*

if u cant spell penny u arent at all 4 parallel universes ahead

Me, being an australian

And with the bus fares being about 6 to 20 crowns it was, for a while, worth picking up even the lowest denomination of our coins

We Aussies aren't that far behind you guys now, the mint is expecting to kill the 5 cent coin within the next few years.

***** It's an expression we use in New Zealand. en.wikipedia.org/wiki/Cash_rounding

+Michael Gibb we in the netherlands got rid of our 2 cent coin, 5 cent coins are handy :)

+Michael Gibb +Mikat: the video mentions Finland & The Netherlands just ditching the 1-cent coin, but actually neither took the 2-cent coin into regular production either (source: I'm Finnish, Mikat commented for NL). Small batches were initially made for collecting and for completeness' sake, and 1- and 2-cent coins from other countries are legal tender but not very common. All cash payments are rounded to the nearest 5 cents. Prior to the Euro, Finland's smallest coin was 5 pennies, then 10 pennies. I think back then you really didn't even see any consumer prices listed right down to 1 penny value, rather e.g. 99 or 99,95 (the latter got more common with the Euro). I remember buying candy e.g. 1 gummy bear was 5 pennies. 1 euro cent (or 1 Euro) was/is defined as a bit under 6 pennies (or Finnish Marks), so we actually got rid of two "steps" of coins during the transition, but retained the same smallest unit being 1/20th of the basic unit (Marks/Euros).

You’re not allowed to see one.

@@connorquick2650 Brian D is a threat that needs to be eliminated

Target eliminated.

@@waffles6280 HE'S SEEN TOO MUCH

Dankjewel

+scowell lmao

You made me laugh out loud, have a like

I'm deeply saddened at how this video is still relevant 8 years after it was made.

more relevant.

The only use of the penny is for scratch off cards, which means that the penny's main use is actually to help you lose money.

@@coindog432 the comment was made at an older time

Zack Godby try a quarter penny: I cut a penny into 4 pieces.

I always carry them, but I have to ask for them at my bank.

@Youssef hatem yes

Who is James??

Whos James?

@@edohanma the odd one's out

@@edohanma the odd1s out, he mentioned this in his plagerism video