I HATE PENNIES!!!! (Also Nickels.)
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Uploaded on Sep 6, 2010
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In which John Green discusses his virulent hatred for pennies and nickels, two utterly irrelevant coins that inexplicably remain money in the United States of America. It costs more than 1.7 cents to make a 1 cent penny coin in the US; nickels are even more ridiculous, costing more than nine cents to produce.
UPDATE: Those statistics are out of date. In 2009, it cost 1.6 cents to make a penny and 6.1 cents to make a nickel; the US Mint lost 22 million on penny and nickel production, not the 70 million they lost in 2008. (This is because the recession has made zinc and nickel cheaper.) Thank to youtuber http://www.youtube.com/sivartis for the correction.
My inflation calculations came from the CPI inflation calculator: http://data.bls.gov/cgi-bin/cpicalc.pl
Information about the opportunity cost implications of pennies and the calculations of lost productivity can be found here: http://www.washingtonpost.com/wp-dyn/... and here: http://www.consumeraffairs.com/news04...
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Top Comments
KayleeDavisBlueBox 1 week ago
Okay, here's my new dream: buy a nerdfighter gadget at a con or something... and pay with pennies and nickels.
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Hunter Bennett 3 days ago
We should use bottle-caps...
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Video Responses
All Comments (7,834)
Emily I 13 hours ago
Is it sad that when I describe John to people I say, "Oh, he's a NY Times best selling novelist who is also a YouTuber who hates pennies"
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linxz6 2 days ago
You round to the nearest 5 cents; if your price ends in 1, 2, 6 or 7 you round down and if it ends in 3, 4, 8, or 9 you round up.
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RawrMeaghan 2 days ago
I've been hearing a lot of reasons why pennies (and now also nickels) are worthless and I feel like there has to be something we can do about it. Who can we write letters to about the death of useless change?
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veron1995 2 days ago
My school newspaper wrote an article about why penies suck. But they quoted Obama from the google chat thing. Not John from all of the videos he's done!
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dancingapplez 2 days ago
i always tell cashiers to keep the change or i just walk out a penny is not worth my time or the cashiers time
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Robert Kidd 3 days ago
We only have $0.50 $0.20 and $0.10 here in NZ. :)
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daemoszythaer 3 days ago
Cat scratch your nose?
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