You are really gonna stand in line to buy ONE SINGLE stamp?
More likely you’d buy a book of stamps, of course.
Incidentally there used to be stamps in Mils (1/10th of a cent)- no change given. (For local taxes IIRC). Gas prices used to end in tenths of a cent- did you get change for a penny?
Some of the current series of quarters commemorating American women have “25 cents” or even “25¢” to allow more room for the chosen design.
You mean 1 2000th of a dollar?
I could count the number of things I mail in a year…& still have more than enough fingers left over to snap. A book of stamps would last me at least THREE lifetimes. I just go to the post office & buy a stamp every April 15th to mail my local taxes.
Of course if the production of pennies stops, there will still be billions of pennies in circulation indefinitely. The USPS can maintain supplies of them for those millions of customers buying single stamps. By the time all of the existing pennies drop out of circulation, I expect that the face value of the first-class stamp could be an even multiple of five.
He had a previous video on pennies, here is the more recent nickel video:
Brian
Will there? I’d expect that the cessation of minting will give retailers a permission structure to just stop ordering pennies or giving them back as change if they’re received (the rounding is going to be universal, not something they only do after they scour the drawer for spare pennies). Once that happens, I think they’re going to vanish very fast, because we only get pennies from change.
Especially since there are only three people who insist on buying a single stamp at a time but won’t use a card and won’t accept inexact change.
But the proce of stamps will go up at some point anyway, so this is a problem of very limited scope. Raise the price to 75 cents each, with bulk discounts, 5 for $3.65 and ten for $7.30.
And two of the three are over 75 and want to write a cheque for the purchase. My mother-in-law was telling me yesterday about how she gets her bills and mails a post-dated cheque in as soon as she pays it. I have tried to get her to sign up for pre-authorized payments, but she likes it the old way.
I thought, by law, they couldn’t offer discounts. Ain’t no way that’s getting thru Congress, or maybe it will, taking up lots of time they could spend on an actual worthwhile law.
“Used to”?
Are there still stamps issued in tenths of a cent?
He was referring to
They all still are, as best I can tell.
Yep. Don’t think I’ve ever seen a gas station that didn’t have that extra ‘9’ tacked onto the endof the price.
Ever since gas price went to several dollars, I havent noticed that on the big signs anymore. If they still calculate the prices that way, Okay, I can buy it.
Still looks like this around here:
They even put the 9/10 on the stupid little diesel sign.
That was probably true when the rule of law was a thing (see: eliminating the penny by presidential fiat).
Okay, sure, but that is not my point. Would you demand change for a penny in mils when buying gas? You buy exactly one gallon of premium, give them $8, do you expect 11 cents and 1 mil in change? or are you happy with a dime?
I don’t disagree with that, and agree that it proves the point. People have been happy for decades with not getting truly exact change. Why should the penny be the threshold where they get worked up about it? Especially since the penny is worth so much less than it used to.
People already leave their pennies, often in one of those take a penny/leave a penny trays.