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UPDATE: Those statistics are out of date.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 1 day ago
We should use bottle-caps...
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Video Responses
All Comments (7,832)
RawrMeaghan 1 hour 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 hours 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 7 hours 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 23 hours ago
We only have $0.50 $0.20 and $0.10 here in NZ. :)
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daemoszythaer 23 hours ago
Cat scratch your nose?
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theandrew1127 1 day ago
what about penny pressers!
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iraklismg 1 day ago
Pickles are made of Pennies and Nickels.....true story
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