• threelonmusketeers@sh.itjust.works
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    3 days ago

    Where are these pennies going?

    I assume they’re mostly going to “spare change” jars in people’s homes. When was the last time you paid for a purchase using pennies?

    For the few cases where cash transactions still occur, it’s far less effort to hand the cashier (or machine) a bill, let them calculate the exact change, and scoop the assortment of coins into a pocket, never to be used again.

    Personal anecdote: My dad is one of the few people I know who would occasionally pay for purchases using handfuls of pennies, often to the consternation those nearby and the embarrassment of my mom.

    • OpticalMoose
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      3 days ago

      I assume they’re mostly going to “spare change” jars in people’s homes.

      I’ve never understood that. Even if they accumulate a fair amount, now they have to roll the coins and take them to a very unhappy bank teller, or just dump them in a coinstar machine which takes a percent off the top.

      I’m the exact opposite. I always try to get rid of my coins. I save a handful of quarters, nickels & dimes in my car for parking meters, but that’s it. If I can’t spend them, I’ll just go to the credit union and deposit a $20 bill + 78¢ or whatever.

      Plot twist - while I’m at the credit union, I ask if they have $2 bills. I got $80 worth last time. Now I’m the weird guy who tips in $2 bills. And people save those too, thinking they’re rare or out of circulation.

      • threelonmusketeers@sh.itjust.works
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        3 days ago

        I’ve never understood that. Even if they accumulate a fair amount

        “Spare change jar” might not be accurate. Many people’s coins might be scattered amongst their pockets, purses, vehicles, etc, rather than in a centralized location.

        I’m the exact opposite. I always try to get rid of my coins.

        I suspect you are not like most people :)

        I ask if they have $2 bills. I got $80 worth last time.

        LOL, you might get along well with my dad. He’s purchased rolls of 50 cent pieces, to similar effect.