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We've Banned Pennies!

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New Member
United States
8 Posts
 Posted 08/02/2011  12:08 pm  Show Profile   Bookmark this reply Add hornet0123 to your friends list
Having a business if someone came in to pay with a wheelbarrow full of pennies I'd accept it, but only cause I'd w ant to search 'em!
Moderator
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United States
189053 Posts
 Posted 08/02/2011  3:21 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Having a business if someone came in to pay with a wheelbarrow full of pennies I'd accept it, but only cause I'd w ant to search 'em!
Now that is an attitude I can accept!
Pillar of the Community
Mexico
1304 Posts
 Posted 08/02/2011  5:10 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list
That's getting into the spirit of things!!
Bedrock of the Community
United States
20753 Posts
 Posted 08/03/2011  10:08 am  Show Profile   Bookmark this reply Add just carl to your friends list
As I said, lots of free publicity. Look how many right here are looking into this, commenting on it, viewing this post, talking to others about this and all free publicity.
I'm sure if anyone came into that place and wanted to buy something for $104.83 and gave him exact amount, he would just take it. Possilby in a store where there is tons of buisness all day long they might refuse pennies but in a ike Store? Yeah, right like he has tons of people in there all day. Actually I wonder how many people go there just to see if he refuses a purchase that requires pennies. And those would be the ones that read or heard this so they went to a place they never would have except for the publicity.
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United States
189053 Posts
 Posted 08/03/2011  11:06 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I'm sure if anyone came into that place and wanted to buy something for $104.83 and gave him exact amount, he would just take it
Not necessarily. If he is like the one place in town I mentioned, he would take the $104.80 and say "you can keep these" as he handed back the Three Cents.

Of course, I have never been to this store, let alone try to this "exact change" scenario. I could be wrong.
Valued Member
United States
59 Posts
 Posted 08/03/2011  12:09 pm  Show Profile   Bookmark this reply Add biged239 to your friends list
It always starts in California. As a collector I don,t like the cent\penny going away. As a consumer I think it may happen. The bike business is probably a less complicated transaction type to do this than many other businesses?
Big Ed
Pillar of the Community
United States
659 Posts
 Posted 08/03/2011  7:24 pm  Show Profile   Bookmark this reply Add penny man to your friends list

Quote:
GO, I would most likely turn them down also. Something like counting a huge load of coins 3 times over would just slow things down considerably and be a waste of energy and patience. It wouldn't be practical at all paying in so many coins.



just keep back the silver and copper! BTW, I spend more than 2.4 hours a year messing with pennies. heck, I spend more than that per day!
New Member
United States
7 Posts
 Posted 08/24/2011  12:38 am  Show Profile   Bookmark this reply Add justmy2sense to your friends list
Could all the stores that banned pennies send them to the Coin Community Forum for us to search out the treasures, don't worry we'd return the ones we didn't want to the banks...and NO selling any on ebay :-)
New Member
United States
46 Posts
 Posted 08/24/2011  06:29 am  Show Profile   Bookmark this reply Add cfibaker to your friends list
By the time the CA Granola's are done you'll need a Hazardous Waste permit to melt your penny stash...

Example:

The melt value of a pound of pre 1982 Copper cents will be $7.24 and the fee for the hazardous waste and cancer causing ingredients of it will be.. oh.. lets say $7,23 per pound...





Pillar of the Community
Canada
3692 Posts
 Posted 08/28/2011  8:05 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
The average bank teller can't lift $25 of cents with one hand, so how could a kid wheel around a couple hundred in coin? This kid is huge.
Edited by Libertad
08/28/2011 8:07 pm
Bedrock of the Community
United States
20753 Posts
 Posted 08/28/2011  8:41 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I wonder what kind of response a store would get if they advertised that they do all buisness in Pennies only.
Might work in a Dollar store. Also, might get a lot of people going there that normally wouldn't. Best part of this possibility is if the store owner was a coin collector.
Pillar of the Community
United States
764 Posts
 Posted 08/28/2011  9:43 pm  Show Profile   Bookmark this reply Add littleboy to your friends list
do they do bike repairs? I could be wrong, but cant they only refuse service to someone wanting to pay in all cents; they cant demand larger denominations for work already done? so..if I got my bike repaired and owed $20 or so and wanted to pay in 40 rolls of cents, they would have to accept the coins or forgive the debt.
Bedrock of the Community
United States
20753 Posts
 Posted 08/29/2011  09:50 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
do they do bike repairs? I could be wrong, but cant they only refuse service to someone wanting to pay in all cents; they cant demand larger denominations for work already done? so..if I got my bike repaired and owed $20 or so and wanted to pay in 40 rolls of cents, they would have to accept the coins or forgive the debt.


They own the place so can do whatever they want basically. However, this entire thing is probably just a publicity stunt and as you can see already, it's working.
Rest in Peace
United States
9104 Posts
 Posted 08/29/2011  10:40 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
We stopped using cents around 1975. Tens of thousands of transactions, and I recall half a dozen people noticing in 25+ years.
Pillar of the Community
United States
543 Posts
 Posted 08/29/2011  11:08 pm  Show Profile   Bookmark this reply Add wulffy11 to your friends list
GO is right that legal tender can be turned down. Interestingly enough, it is stated within the Coinage Act of 1965.
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