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Do You Use Smallest Denominations?

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Pillar of the Community
United States
3499 Posts
 Posted 08/16/2009  2:53 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
Eurocoin- Whenever I am in Europe, I always love to see how people use coins all the time (Though it does cause there to be fewer mint-condition coins in circulation). Would you say that there is just more of a culture of acceptance of coins in transactions in Finland and elsewhere where the Euro is used? Here in the US clerks and cashiers often act quite annoyed if you use coins (especially smaller denominations) as part of a transaction.
Pillar of the Community
United States
3098 Posts
 Posted 08/16/2009  2:59 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list
Yeah! I always wondered what people in the Netherlands and Finland do with 1c and 2c coins. Could you still spend them or turn them into the bank?
Pillar of the Community
Spain
1361 Posts
 Posted 08/16/2009  3:05 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list
In Spain we used all coins to the last cent. I only hoard almost uncirculated coins.
Pillar of the Community
United States
2521 Posts
 Posted 08/16/2009  3:09 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list
I never leave the house with change in my pocket. I hoard coppers and look through pocket change before I dump in jar. Time permitted I run the change through banks free coinstar.
Pillar of the Community
Poland
3201 Posts
 Posted 08/16/2009  3:15 pm  Show Profile   Bookmark this reply Add DL20K to your friends list
Here, I put the junk away until their total value amounts to about 1/3 of a dollar (a handful of coins), take them to the post office and make the clerks "happy". If I hoard them for longer, nobody wants to take them. Even though they should.
Pillar of the Community
United States
3499 Posts
 Posted 08/16/2009  3:17 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
manilagalleontrade- yeah, I have noticed how in Spain people are not too bothered by using the 1 & 2 Euro cent coins. I find it funny how people in Europe are absolutely fine with using a One and Two Euro Coin. And the same is true in Canada with regard to their Loonie and Twonie.
Valued Member
Finland
294 Posts
 Posted 08/16/2009  3:23 pm  Show Profile   Bookmark this reply Add Eurocoin to your friends list

Quote:
Would you say that there is just more of a culture of acceptance of coins in transactions in Finland and elsewhere where the Euro is used?


That's true - though over 50% of transactions were paid by plastic (2007) in Finland. But clerks are very customer oriented here and will take bigger amounts of coins too. When I was in France 2001 one clerk told to my friend that she won't take his coins (about 8 coins) and ask for notes. So it really depends.


Quote:
I always wondered what people in the Netherlands and Finland do with 1c and 2c coins. Could you still spend them or turn them into the bank?


All the prices are rounded to nearest 5c when you pay with cash, but if you use plastic - you have to pay the exact sum (eg 2,38). You can use 1 and 2 cents when you pay with cash, but you have to pay the rounded sum - not the exact. Those smallest cents are rarely seem in circulation, because clerks pick them out of circulation and send them to bank.
Pillar of the Community
United States
2734 Posts
 Posted 08/16/2009  8:27 pm  Show Profile   Bookmark this reply Add DNA to your friends list
I use 1¢ coins in spending almost every day.

I even pick up Cents that are left on the ground!
Bedrock of the Community
United States
20753 Posts
 Posted 08/17/2009  4:34 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I used to hoard coins and eventually look through them all for what I need or error coins. Then take them to a bank. Lately around me banks require a fee for bulk coins. So now I just take large quantities to places like restaurants and leave piles of change for tips. I also use coins anywhere where it will not hold up a line paying with them.
Pillar of the Community
United States
1840 Posts
 Posted 08/17/2009  8:30 pm  Show Profile   Bookmark this reply Add snowman to your friends list
We keep them in a jar at my house and eventually bring them to the bank (which will count them for free!). The money we save goes toward family related items/activities. For instance, we recently bought a puppy with the money we had saved.
Pillar of the Community
United States
3294 Posts
 Posted 08/18/2009  08:58 am  Show Profile   Bookmark this reply Add nod2003 to your friends list
Nope, been a long time since I have spent a cent, and have not seen anyone else spend one either for a while.
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Australia
16849 Posts
 Posted 08/18/2009  09:19 am  Show Profile   Bookmark this reply Add Sap to your friends list
The smallest coin here in Australia is the 5¢, worth about US4¢. I use them all the time. I only end up "hoarding" them if I get lazy and keep paying for things with notes rather than coins. Using coins for money certainly isn't considered strange or abnormal here. Our highest denomination coin is the $2, worth about US$1.64 at the moment, so it's entirely possible and even convenient to buy something useful (like a coffee or a Big Mac) with just coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Valued Member
Australia
126 Posts
 Posted 08/19/2009  03:03 am  Show Profile   Bookmark this reply Add lilaznkev1n to your friends list
I hoard them and cash them when the jar is full
Rest in Peace
United States
3730 Posts
 Posted 08/19/2009  10:20 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list
I have an estimated 55,000 Lincoln Cents hoarded away.

I currently have no plans for them. Guess the kids will deal with them someday.
Pillar of the Community
United States
1882 Posts
 Posted 08/19/2009  12:11 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
We've gone to cash for a lot of stuff, including groceries. I kick in change all the time...anything to keep from having to break another dollar bill.

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