RIP pennies

[Inky_Wretch]

I've seen several mentions of rolls of pennies. My daughter had four ammo cans of change given to her by various grandparents and great grandparents, so we go to the bank to cash them in. Since I have an account there, we get to use the change machine for free. I was talking to one of the bank employees and I said something about getting tubes and making her roll them like I did as a kid. The bank employee said it was pointless, because they have to unroll rolled coins and run them through a counter before they can give you folding money or make a deposit of it. There was too much fraud in rolled coins to trust people.

 

[Batman]

I've seen several mentions of rolls of pennies. My daughter had four ammo cans of change given to her by various grandparents and great grandparents, so we go to the bank to cash them in. Since I have an account there, we get to use the change machine for free. I was talking to one of the bank employees and I said something about getting tubes and making her roll them like I did as a kid. The bank employee said it was pointless, because they have to unroll rolled coins and run them through a counter before they can give you folding money or make a deposit of it. There was too much fraud in rolled coins to trust people.

Weird. I've never had an issue taking them to my bank to cash them in. I dump all the spare change into an old spaghetti sauce jar and roll them up every few months when it fills. Usually wind up with $50 or $60 worth of coins.

 

[Batman]

We were already well into our 20s by then, but my future wife's grandparents bought her the album for the quarters and we filled it as the quarters were released (I want to say it was like 10 a year? I could be wrong). Pretty sure we still have it in the basement. #CrossThreading If so, I'll definitely pull that and set it aside. Both her grandparents died before our daughter was born so it'd be cool to share a tangible link to them with her.

I think it was five a year, over a 10-year period. They were released in the order in which the states joined the Union.

 

[BYH 2: Electric Boogaloo]

I think it was five a year, over a 10-year period. They were released in the order in which the states joined the Union.

That sounds right. Ten over five is too many. The whole rollout was cool, first b/c we were in and surrounded by original 13 states and then we got to see the newer, more obscure quarters. Sorta like the license plate game except every time you went to the supermarket!

 

[Baron Scicluna]

I've got my coin collector books deep in a box somewhere. Probably haven't opened since high school, wonder what holes still need filling.

I still get excited when I find a wheat penny in the wild and put those aside.

My mother was born in 1943, and kept a bunch of pennies from the year she was born, including the steel pennies, which were made due to wartime shortages of copper. As a kid, I always found the silver-colored pennies to be interesting.

And apparently, there were some copper pennies made in 1943, and are very valuable. I have no idea if Mom ever kept her 1943 pennies, or if she has, where she has them buried amongst her piles (cross-thread). I kinda wonder if she has some buried treasure in her house somewhere.

1943 steel cent - Wikipedia

 

[ChrisLong]

We were already well into our 20s by then, but my future wife's grandparents bought her the album for the quarters and we filled it as the quarters were released (I want to say it was like 10 a year? I could be wrong). Pretty sure we still have it in the basement. #CrossThreading If so, I'll definitely pull that and set it aside. Both her grandparents died before our daughter was born so it'd be cool to share a tangible link to them with her.

I have one of those, but I don't remember if it is full. If not, I'm missing only a couple. Every time I I opened the album, some of them fell out and I never got around to attaching them permanently. It'll go to my daughter. I wonder if it is worth anything above face value.

 

[Baron Scicluna]

I went on a hunt this morning for some 2025 penny rolls, call it a little FOMO and just wanting to put a couple aside. Only one bank out of five had fresh 2025s and they were limiting them to two per person -- not two rolls, but two coins. I walked out on principle, realizing how dumb it sounded to go to the bank for $.02.

A couple of thoughts and prayers for that bank.

 

[Driftwood]

People are already starting to hoard pennies. We didn't have many in the register drawer at work. A guy came through and said where he worked they were out and couldn't get any today.

 

[BYH 2: Electric Boogaloo]

People are already starting to hoard pennies. We didn't have many in the register drawer at work. A guy came through and said where he worked they were out and couldn't get any today.

It's the new Y2K!!!!

 

[Shropshire Slasher]

For while when I was running newspaper racks, I saved up a bunch of quarters (I mean a bunch). Found out I could go to the bank and deposit them into my account a bunch at a time with no fees.

I brought them in inside one of those huge 20-quart speckled dark blue stock pots that my mom gave me long ago. The teller just put it in a big heavy bag and shipped it off to the main counting center, then they would deposit the amount in my account after a few days. Usually $400 at a time (I took the painstaking time to count them because I was dubious as to their accuracy) but I never caught them trying to rip me off.

I still have a bunch of quarters in a 10-gallon water jug saved up, but I'm much more financially stable right now so I haven't had the need to make a big deposit.

I got more coins laying around, and I'm waiting until the market is right to do pennies!

 

[Here me roar]

I quit taking coins to the bank when they started taking 10% out to deposit money into my account. I just used the coinstar or whatever at the grocery store now.

 

[playthrough]

I quit taking coins to the bank when they started taking 10% out to deposit money into my account. I just used the coinstar or whatever at the grocery store now.

The bank was taking a 10% vig on coins? That's insane. And so is the Coinstar, even at its 3% or whatever, but I understand for the convenience.

 

[Here me roar]

The bank was taking a 10% vig on coins? That's insane. And so is the Coinstar, even at its 3% or whatever, but I understand for the convenience.

Yes

 

[micropolitan guy]

I quit taking coins to the bank when they started taking 10% out to deposit money into my account. I just used the coinstar or whatever at the grocery store now.

Totally free at my credit union.

I have an ashtray-sized replica of War Memorial Stadium I fill with quarters for my use, and a 12-ounce aluminum Coors cup I fill with my spare change, cash it in (usually $20-30) and put it in Micro Jr.'s checking account ever 3-4 months.

 

[Here me roar]

Totally free at my credit union.

I have an ashtray-sized replica of War Memorial Stadium I fill with quarters for my use, and a 12-ounce aluminum Coors cup I fill with my spare change, cash it in (usually $20-30) and put it in Micro Jr.'s checking account ever 3-4 months.

Credit unions are superior to banks. Our main account is at a credit union, but the nearest office is 45 minutes so we never go if we can help it. My account is at a local bank.

 

[Driftwood]

Many retailers are having issues getting pennies and have started rounding up or down to the nearest nickel if you pay cash. They even post charts for customers to see.
Ohhhhh, the boo birds are out in force posting how retailers are stealing from people, and they should just suck it up and round down.

 

[dixiehack]

Everywhere I have seen with a sign up says they are rounding down. I have no doubt things will soon go the opposite direction though.

 

[TheSportsPredictor]

I hate pennies. Good riddance. I won't even bend down to pick them up anymore and sometimes just throw them away when they annoy me.

As if we'll actually be rid of them in my lifetime.

 

[Brooklyn Bridge]

Modern pennies will appreciate in value the same way bicentennial quarters did.
Nearly a half century later, they are worth 25 cents.

I’d like you to know good sir, that I have a collection of bicentennial quarters and will be able to buy a medium Dunkin coffee soon enough.

 

[Driftwood]

Everywhere I have seen with a sign up says they are rounding down. I have no doubt things will soon go the opposite direction though.

Most places are rounding both ways. The criers say the stores should always round down and eat the difference. The retailers didn't make the decision (that was the government), and they aren't the ones stockpiling them (that's people).
My chuckle just came at the stupidity of most peoples comments on it.