Death to the Penny?

[AlphaFrog]

Originally Posted by Drolefille

Go to your bank! They'll almost certainly do it for free! Coinstar takes a percentage.

Although they have some new deal where if you get giftcards they don't take a cut.

See, unfortunatly, I've found that this is either an IL thing or a Mid-west thing. When I first moved here to Charlotte, I took my jar of coins to EVERY bank in this area, and when I asked them to change them in, ALL of them tried to hand me coin wrappers. I finally gave up and went to Coinstar.

[tunatartare]

Is there a Commerce Bank near you? I think they do it for free.

[AlphaFrog]

Originally Posted by KLPDaisy

Is there a Commerce Bank near you? I think they do it for free.

Nope. Wachovia, SunTrust, BofA, First Trust, Citizens, BB&T (or as we call it, Billy Bob Bank & Trust), and a bunch of small locals.

[Tom Earp]

The Penny, The Cent, wow, the mint produces these things in K-Zillions.

It is not the cost, it is the Morons who throw them in Big damn Jars and a save them for What? Cause they are Morons!

From a Marketing technique, having a price of a say $3.99 looks better than $4.00. Why? People are stupid and look at the first number, not the total.

$3.99 is a lot less than $4.00!

Example. An Item is $3.69, depending on the tax base, the total comes in at $3.99, not $4.00. Ergo, it is cheaper than $4.00! People are happy!

It is called a mind set!

[Drolefille]

I've heard the penny debate a lot over the past 10 or so years. I'd be for dropping it just like they have in England and such (or am I thinking Europe?)

What about changing from bills to coins for small denominations such as 1 and 2 dollars?

[SydneyK]

Originally Posted by Drolefille

What about changing from bills to coins for small denominations such as 1 and 2 dollars?

I can see the point behind exchanging small bills for coins - they last longer. Lots of other countries do this. But, given the attitude Americans seem to have adopted regarding coins, I doubt it would fly. I'm all for it though.. I throw all my change in jars (yes, I have one for each coin, I'm an organizational freak) everyday. In December, I roll all the coins (I'm too cheap for CoinStar, and none of the banks here will do it free of charge) and use the money for Christmas gifts. It's amazing how much you can save over the year by doing this.

[tunatartare]

Personally I hate the dollar coins. Metrocard vending machines always give them back in change and they just annoy me cuz they take up too much space in my wallet. If I'm going to go buy something that costs $20, I really don't want to have to pay for it with 20 coins.