Talk:Penny debate in the United States

Historical Precedent

It has been so long since I last edited a wiki page, I will not not edit the page now. However, I wish to point out to other editors that back in the 1940s, in Missouri, I "circulated" one and five mill, green and red plastic coins to buy an ice cream cone. Note the Wikipedia page https://en.wikipedia.org/wiki/Mill_(currency). — Preceding unsigned comment added by JohnHerbster (talk • contribs) 16:06, 2 May 2018 (UTC)

Salvation Army and UNICEF

"Both the Salvation Army and UNICEF support eliminating the penny due to processing costs."[[1]]— Preceding unsigned comment added by Gadget850 (talk • contribs) 13:52, 7 May 2011‎ (UTC)

Additional sources:

• February 2007 Chicago Fed letter

• https://www.nytimes.com/2020/07/29/business/coin-shortage-penny.html

-- John Broughton (♫♫) 18:12, 1 August 2020 (UTC)

Should we split the precedent section

I think it might work better as a countries who have removed a one cent coin and countries who have a similar or smaller denomination category Nheyer (talk) 22:36, 1 August 2020 (UTC)

Neither piece is very long - don't really see the benefit, because the topic is the same, and if split there'd just be two very very short sections. Short sections are fine if talking about different topics, but this is just "two sides of the same coin" (har har). SnowFire (talk) 22:46, 1 August 2020 (UTC)

Confusing representation of the U.S. government's annual loss minting pennies

How does the scientific notation work when representing the U.S goverment's annual loss minting pennies? This is clearly not just simple multiplication, as multiplying 7,596,400,000 by -0.76 will yield about 577 million instead of 58 million. Is this just an error? It may not be, though, because when editing the template, I see the multiplication sign within a field called "Uncertainty" and the second number in a field called "Asymmetric uncertainty", both of which I do not understand. And if it is an error, where did the "-0.76" come from? The loss of minting one penny would be $1.72 using the data from 2022, so the -0.76 must be something different.

--Hill sawyer (talk) 12:54, 14 March 2024 (UTC) Hill sawyer (talk) 11:58, 14 March 2024 (UTC)

I am closing this helpme because you are asking a specific question about this specific article, which will be better answered by someone familiar with the topic (i.e. any of the 100+ users with this page on their watchlist). Please be patient while you wait for a reply. If you want more help, stop by the Teahouse, or Wikipedia's live help channel, or the help desk to ask someone for assistance. Primefac (talk) 13:15, 14 March 2024 (UTC)

It's original research to do our own math with minting numbers from 2020 combined with cost statements from 2022. If a source doesn't make the statement, we shouldn't. (Looks like using those numbers should produce ~130 million, but it really doesn't matter.) --Onorem (talk) 17:43, 16 March 2024 (UTC)

The -0.76 looks like it would've been the cost in 2020. Page 10 of the reference used for the cost to produce shows that cost has gone from $0.0176 in 2020 up to $0.0272 in 2022. Somewhere in the history of the page, someone probably updated only part of the information. That's why we need to source statements like this. --Onorem (talk) 17:50, 16 March 2024 (UTC)

Thank you; note that I will not put this on the main Wikipedia article because it is indeed original research, but the amount of pennies produced in 2022 (which is 6359.6 M, or 6,359,600,000) multiplied by -0.0172 would equal to $109,385,120 of estimated losses to the government. I have included this as a detail for anyone who is trying to get the exact number and is wiling to risk accuracy and certainty for it (like me). Hill sawyer (talk) 01:48, 18 March 2024 (UTC)