Pennies to be phased out of production

[PATAX]

Just read a business article that pennies are going to be phased out of production. The article said that businesses will eventually have to round up or down to the nearest five cents. But didn't Benjamin Franklin say a penny saved is a penny earned?😀

[BobKamman · Accepted solution]

The cognoscenti were discussing this months ago. 

https://accountants.intuit.com/community/tax-talk/discussion/penny-for-your-thoughts/00/317505 

[PATAX]

I didn't see that post Bob. Thanks. You have a good memory. Wasn't there a saying, a penny for someone's thoughts or something like that?😀

[IRonMaN]

Start collecting them now.   Once they are no longer around they could climb in value to be worth 2 or 3 cents😁

[rcooley25]

I hope this does not mean the cost of fireball is going up.

[PATAX]

@IRonMaN I still have my Lincoln Wheat Penny collection in the blue folders that my dad gave to me, and that my grandfather gave to my dad. The value hasn't changed much. They made so many pennies that they're not rare, and therefore not very valuable.

[PATAX]

@rcooley25 Brother Cooley you have such a large stockpile of Fireball that it will last you into the next century.😉

[George4Tacks]

https://en.wiktionary.org/wiki/penny_wise_and_pound_foolish was sometimes attributed to Ben Franklin, irregardlessly ...

[Accountant-Man]

Aww, no more "See a penny pick it up, all the day you'll have good luck"?

[Frustrated-in-IL]

In honor of Ben Franklin, Intuit will be rounding next year’s price increase for ProSeries to the next highest $100.

[Frustrated-in-IL]

I’ll gladly pay a few more cents for Fireball! 

[IRonMaN]

"Intuit will be rounding next year’s price increase for ProSeries to the next highest $100"

Don't go giving them any new ideas on how to raise prices 😬