As others have pointed out, governments sometimes issue actual guidance on how it's supposed to work when they phase out currency. It's not always "just stop making them and see how the market deals with it."

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water9 11 hours ago | parent | next [-]

It makes no sense to spend more money to mint the actual money, then the money is worth OK. You might not like it, but something has to be done because to continue in a slow and methodical process 1) forgets that the government is the same entity that runs the DMV 2) people love to throw out criticisms of solutions that aren’t perfect not realizing that it’s still better than the status quo. To do nothing is costing money or in the case of Ukraine it’s costing lives. 3) I bet you $100 You don’t like Trump.

	▲	hn_acc1 10 hours ago \| parent \| next [-]
		1) DMV is state-run, not federal govt. 2) Why can't we at least spend 5 minutes studying how it went in Canada, and learn that govt guidance was helpful to the transition, so do that too? 3) Sure. And even more because, even when he DOES pick up on a good idea (I support elimination of the penny), he does so in a haphazard / slipshod way that the end result is often worse than if nothing had been done.
	▲	jacobgkau 11 hours ago \| parent \| prev [-]
		> 3) I bet you $100 You don’t like Trump. I actually like Trump (or at least his presidency) a lot more than I think most Hacker News browsers do. I like Trump's presidency more than most of my co-workers and many of my friends do. My arguments in this thread are entirely my own, not the product of some political allegiance.

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xienze 9 hours ago | parent | prev [-]

> It's not always "just stop making them and see how the market deals with it."

On the other hand, we’ve been delaying this inevitable and necessary action for decades over hand-wringing about the implications of rounding up or down by a maximum of two damn cents per transactions _for decades_. If we did it “the right way” I’m sure it would take years and years and cost millions of dollars to “study the effects” of eliminating the penny. Just do it already. Even with the best plan in the world people are going to whine about rounding.