New York (AP) – Ask for something of their thoughts: Can it now cost you a nickel? If you want to call someone gloomy, would you say they are the quarterfinals? And if they accidentally spend money, are they now intelligent but pounds, but with pounds?
Okay, maybe these are some small, small shares, we dare say that Penny-Ante concerns after the US Treasury confirms Thursday that it will stop producing shiny new Penny coins after the current production running is over.
But this is the end of the era in the US. Although there will still be more than a billion cents in circulation, raging in jars, collecting dust under the couch cushions and waiting for the sidewalks to be taken, no new Cent will first join their ranks over two centuries.
In response to supporters’ claims to abandon the coin
Trump’s administration called as a cost -saving tool – costs almost four cents to make a penny (which, by the way, now consists of a zinc with copper coating). They are not as financially beneficial as they were other times, as prices have risen and digital technology has fundamentally reduced the use of physical accounts and coins for many people. Lawyers called for decades to throw a penny.
But will no one think of archaeologists?
“Since 1793, we have been constantly sowing archaeological records with Datab centers, and now we will stop doing it,” says Frank Holt, a professor at the University of Houston, researched the history of coins in his work.
“Over 2000 years, archaeologists who pull out what hair they had left saying, ‘What will I do now when I don’t have these data that can be available there for Datomans?”
The fact that the Cent has its day is a sign of how much a copper color coin shot over its denominational culture, says Holt.
“This is not just an economic argument, because cents and all coins are inserted into our culture. They reflect our politics, our religion, art, our feeling, their ideals, our aspirations,” he says. “We put on them and self-identifier, and we decide to-UAVs-what persons are most important to us and should be mentioned.”
Holst pays attention to the tradition of putting pennies on countertops, rhymes such as “look a penny, take a whole day you are lucky”, people who think that unexpected cents’ observation may be a sign of a loved one who has passed.
For all this is a bigger conversation
When it comes to the economy, the discussion about whether there should be cents or not is part of a bigger conversation, says Ursula Dalghaus from Ripon College, which is investigating money anthropology.
For example, the basis of American culture is the price label, which has ended in $ 0.99, somehow trying to convince buyers that the difference in 1 cent, keeping the price from another dollar, makes it fine, she emphasizes. What happens to that price now?
In addition, while many people switched to digital forms of payments and couldn’t even say that the last time they wore a coin or had an account in their wallets, there are many people who still use all physical currency – yes, even pennies.
“Cash is very important for many people to have a budget to maintain the cost control. Even by donating a penny to someone who asks for small changes, it adds,” she says. “I feel that we look too quickly at what prices are hilly or distribution costs, and we really don’t want to look at the daily experience and interaction that people have. So if we don’t use small changes, we don’t think about it. But other people do it.”
In the last irony, news about the fate of a penny appeared on the eve of Lucky Penny Day, no less! (Yes, May 23 is that thing.)
“We don’t have a happy Nickel day. We don’t have a happy dime day, a happy quarter day, we only have a happy penny day,” says Holt. “And why is that? It’s more than money. It’s more than an economic tool. We gave a penny with almost mystical, magical powers to give us success, change our destiny.”