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 Replies: 17 / Views: 2,176 |
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Valued Member
Finland
294 Posts |
Poll Question
Do you use (= put back to circulation) your cents/pennies when you get them?
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Pillar of the Community
United States
3499 Posts |
Here in the US most people don't really use coins (since the dollar coin doesn't really circulate and there is very much a culture of not carrying around coins). Most people dump it all in a jar and then roll them up and take them to a bank or dump the jar into a coin machine. Also, since older (pre-1982) cents have a copper value higher than one cent, a lot of people just hoard these.
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Valued Member
 Finland
294 Posts |
Here in Finland we don't use the smallest 1 and 2 eurocent coins, so 5c is smallest in circulation. Five cent coin is very easy coin to put back to circulation - so I use them regularly.
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Pillar of the Community
United States
3499 Posts |
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.
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Pillar of the Community
United States
3098 Posts |
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?
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Pillar of the Community
Spain
1361 Posts |
In Spain we used all coins to the last cent. I only hoard almost uncirculated coins.
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Pillar of the Community
United States
2520 Posts |
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.
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Pillar of the Community
Poland
3201 Posts |
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.
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Pillar of the Community
United States
3499 Posts |
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.
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Valued Member
Finland
294 Posts |
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. |
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Pillar of the Community
United States
2734 Posts |
I use 1¢ coins in spending almost every day. I even pick up Cents that are left on the ground!  |
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Bedrock of the Community
United States
20753 Posts |
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.
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Pillar of the Community
United States
1840 Posts |
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.
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Pillar of the Community
United States
3294 Posts |
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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Moderator
 Australia
16810 Posts |
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
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Valued Member
Australia
126 Posts |
I hoard them and cash them when the jar is full
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Replies: 17 / Views: 2,176 |
Posted 08/16/2009 2:50 pm
