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 Replies: 37 / Views: 5,106 |
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Valued Member
United States
232 Posts |
I just checked the mint web page, and so far this year than have made over 4,000,000,000 cents. My understanding is that production is tied to demand - so even though everyone says they are worthless, somehow there is still a high demand. Granted CCF roll hunters account for about 1 billion of that, but still...
Edited by John Paul
07/01/2015 6:49 pm
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Moderator
 United States
188660 Posts |
The high demand exists because most cents only flow in one direction...
Mint -> Fed -> Banks -> Stores -> Customer -> Change Jar (or rubbish bin).
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Pillar of the Community
United States
997 Posts |
Quote:
The high demand exists because most cents only flow in one direction...
Mint -> Fed -> Banks -> Stores -> Customer -> Change Jar (or rubbish bin). And that is exactly why no one will miss the cent if they are eliminated like Canada and other enlightened places have done. |
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Moderator
United States
188660 Posts |
Exactly!  |
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Valued Member
United States
232 Posts |
I wonder if coin star has fed into this. I was used to getting coins counted for free at the bank, so now paying coin star to do it seems like I am getting ripped off - so I don't use them. This can lead to spare change building up.
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Pillar of the Community
United States
1911 Posts |
Random out of the blue post... but I wish I came up with Coinstar. Think of all the things found in them over the years. O.o
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Moderator
United States
188660 Posts |
Quote:
I wonder if coin star has fed into this. I was used to getting coins counted for free at the bank, so now paying coin star to do it seems like I am getting ripped off - so I don't use them. This can lead to spare change building up. I have pondered that connection myself... https://goccf.com/t/233926#1954435 |
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Bedrock of the Community
United States
94367 Posts |
The sad day is approaching when none of the banks will do this at all, free or otherwise.
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Moderator
United States
188660 Posts |
It will certainly happen we they stop minting coins and printing cash.  |
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Valued Member
United States
232 Posts |
I think that day is still a long way off. There's lots of low income folks who still live on a mostly cash basis and don't have any sort of bank account. Banks/ credit cards / etc. will be reluctant to take them on as customers as they will not be a good source of revenue, so that basically leaves cash.
Also, sometimes people say that cash is outdated or whatever, but these days the Greeks sure seem to be willing to wait at an ATM to get.
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Pillar of the Community
United States
818 Posts |
I sure am glad I don't have an opinion on this, I roll all of my coins in bank wrappers, and it's not that hard. The banks will even take loose coins in dollar increments that are too low to fit into a roll, so that's a bonus!
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Pillar of the Community
1325 Posts |
The only thing like this was when I first started CRH the teller told me "We dont want these back!" Now though They are always asking, even when I havent gotten boxes lately, if I have a box that I could deposit or they could buy.  They save on gas having to get coins from another branch, and get to stay open cause they ran out of X coin type. That bank is always happy to see me now and asking what type of coin I would like each time I go in. Another bank could care less, its their job and its only a box or two extra every other week. They said "Give us all your money in ALL forms shapes and sizes." (Which is reasonable being a bank, but when the teller says it that way it makes it sound like its a bank robbery.. the bank is robbing you!) Well Fargo.. I just get halves boxes from them and they get spent on Project $100k. I really found a way to spend every coin type without having to return them so I am not bothered with it anymore. But what do I do with all the Lowes Hardware gift certificates from CoinStar for the pennies? They really need to add more places or at least ones found locally to me. Why can't CoinStar have PayPal? Edited by shadz
07/03/2015 05:36 am
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Pillar of the Community
 United States
513 Posts |
Quote:
But what do I do with all the Lowes Hardware gift certificates from CoinStar for the pennies? Get Amazon gift certificates instead. There's a huge variety of stuff, even coin supplies, on Amazon. |
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Valued Member
United States
232 Posts |
It's not that big a deal to me to roll the coins - as I don't do as much as some of you folks, but the banks never seem to have wrappers for halves. I guess I will just have to spend them.
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Pillar of the Community
United States
1119 Posts |
Quote:
I really found a way to spend every coin type without having to return them so I am not bothered with it anymore *** Edited by Staff to add quote tags. Please use them in the future. Posts are very difficult to read without them.***The only problem I see with spending coins is then I get less change at every transaction. I like getting the maximum amount of coins in my change. |
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Posted 07/01/2015 6:49 pm
