|
|
Post by shannondegroot on May 15, 2017 0:12:52 GMT
Was it already in the 19th Century? Or sometime in the 20th?
|
|
|
|
Post by mecano04 on May 15, 2017 1:22:05 GMT
In Canada it was in 2012, when the production stopped.
|
|
|
|
Post by koskiewicz on Jun 14, 2017 20:15:15 GMT
...I own a 1909 S VDB (Lincoln penny) worth hundreds of dollars...:-)
|
|
|
|
Post by deembastille on Jun 15, 2017 0:55:06 GMT
then new ones look crappy. fake. like, money used in a cheaply made show from the late 80's.
the union shield? blegh! I want my Lincoln memorial back!
the wheat penny was cool. or what they did in 2009 -- the log cabin, Abe reading a book on a tree that he fell, Illinois life, Dc and presidency...
now we have that shi77y shield. and the color just looks so damned fake.
I am not eve sure the new pennies can get that Statue of liberty green gunk we loved getting rid of in science class.
|
|
|
|
Post by koskiewicz on Jun 15, 2017 19:04:25 GMT
...back in the day, pennies were made from copper. Today they are composed of primarily a zinc composite which detracts from any design they may carry...where are the "Indianhead" pennies when you need them  |
|
cloud9
New Member
@cloud9
Posts: 36
Likes: 25
 
|
Post by cloud9 on Jun 19, 2017 12:05:57 GMT
Copper pennies are worth over twice their value in metal value. Some people hoard pre-1982 coins because they believe it will be legal to melt them for copper if the U.S. ditches the penny.
|
|
|
|
Post by novastar6 on Jun 20, 2017 5:05:06 GMT
All I know is if I find one on the sidewalk, I pick it up, they are the biggest pain when it comes to rolling them up in wrappers, but in time they do add up.
|
|
|
|
Post by BATouttaheck on Jun 20, 2017 5:11:48 GMT
All I know is if I find one on the sidewalk, I pick it up, they are the biggest pain when it comes to rolling them up in wrappers, but in time they do add up. Doesn't your bank accept mixed loose coins that they run through their machine ? I've never known why people roll their own, so to speak !  |
|
|
|
Post by novastar6 on Jun 20, 2017 22:37:10 GMT
All I know is if I find one on the sidewalk, I pick it up, they are the biggest pain when it comes to rolling them up in wrappers, but in time they do add up. Doesn't your bank accept mixed loose coins that they run through their machine ? I've never known why people roll their own, so to speak ! I've always rolled my coins myself, I never saw the appeal in those CoinStar machines, especially because they often have an 'out of order' sign on them, I'd put my batch in and the whole thing would probably explode. And I'm guessing the little drive-thru bank I use doesn't have one either since they always say 'thank you SO much for rolling these up before bringing them in, a lot of people don't'. |
|
|
|
Post by BATouttaheck on Jun 20, 2017 23:18:14 GMT
novastar6 I have looked at those coin machines at the grocery store but at the one they give you some kind of a coupon for the coins and at the other one they charge for "cashing in" the coins. One bank I went to always opened the rolled coins and ran them thru the machine before paying out. Guess it's different at every bank and I lucked out with one of the user friendly ones
|
|
|
|
Post by Nalkarj on Jun 25, 2017 22:58:17 GMT
BATouttaheck and novastar6Did I ever tell any of you about the time that my uncle, a former mover (that'll become important in a minute), finally brought his billions of pennies to one of those things ("CoinStar," or something like it), at a bank? It was a nightmare. Ever since my young cousin (his daughter) was born, he was saving every kind of coin, but especially pennies, in enormous glass jars. One day, he finally decides to turn it all into cash for her college fund and brings the coins to a TD bank. Except that there are so many of these damned coins that he actually has to load them into his moving truck to bring them to the bank! (Seriously.) Once we somehow wrestled them into the bank (how I ever got inveigled in this scheme, God only knows), the bank employees were kind enough to help us dump the coins into the machine. About an hour later, the machine breaks down. My uncle stands there in horror. The employees call the manager, and he's just about to call a repairman when my uncle realizes that a coin might have gotten stuck in the contraption. Sure enough, that's what happened, and we go back to dumping the coins in. I don't recall how much money he finally had in coins (I can ask him and get back to you), but the bank workers were not so friendly by the time we got out (!). We all slunk out of there, feeling foolish more than anything, and my uncle only returned to take the money (in cash, thank God!) and close out the account. And you want to know the kicker? The bank took out the coin machine about a few days later. I think I know the reason why...
|
|
|
|
Post by BATouttaheck on Jun 25, 2017 23:06:24 GMT
NalkarjFunny story ! Know what ran through my mind as I was reading it? Between when his daughter was a baby and her going to college, If Uncle had cashed in the coins periodically, and put the cash in his savings account, he would have accrued quite a bit of interest. 'Course this wouldn't work as well today as there is hardly any interest being given any more. (.01 % on my savings account.) Still - a very funny story and thanks for the share ! 
|
|
|
|
Post by novastar6 on Jun 26, 2017 1:12:15 GMT
BATouttaheck and novastar6 Did I ever tell any of you about the time that my uncle, a former mover (that'll become important in a minute), finally brought his billions of pennies to one of those things ("CoinStar," or something like it), at a bank? It was a nightmare. Ever since my young cousin (his daughter) was born, he was saving every kind of coin, but especially pennies, in enormous glass jars. One day, he finally decides to turn it all into cash for her college fund and brings the coins to a TD bank. Except that there are so many of these damned coins that he actually has to load them into his moving truck to bring them to the bank! (Seriously.) Once we somehow wrestled them into the bank (how I ever got inveigled in this scheme, God only knows), the bank employees were kind enough to help us dump the coins into the machine. About an hour later, the machine breaks down. My uncle stands there in horror. The employees call the manager, and he's just about to call a repairman when my uncle realizes that a coin might have gotten stuck in the contraption. Sure enough, that's what happened, and we go back to dumping the coins in. I don't recall how much money he finally had in coins (I can ask him and get back to you), but the bank workers were not so friendly by the time we got out (!). We all slunk out of there, feeling foolish more than anything, and my uncle only returned to take the money (in cash, thank God!) and close out the account. And you want to know the kicker? The bank took out the coin machine about a few days later. I think I know the reason why... LOL! Points for originality, and for actually making it work, but apparently that was a trick the bank didn't want to see more than once. It reminds me of one arcade game I used to play as a teenager, there was one that had these bowling pins, each with a different number for how many tickets you'd get if you hit it, 1, 5, 10, 25, 75, 100, etc., and you put a quarter in the slot, aim it, and the quarter hits the pin. I got the 100 pin down to a science, I'd hit it twice in a day and the thing broke down on paying out the tickets. They took that out after a while too. I had similar luck with another arcade game called Spin a Winner, where you put in a quarter, and you drop a ball onto this rotating platform with all these holes in it, each hole is a different number for tickets, hit the 100, hit the 250, halfway through cashing the tickets out, it broke down. I don't know if they still have that one or if they got rid of it too. |
|
geezer
Junior Member
@geezer
Posts: 1,719
Likes: 764
|
Post by geezer on Jul 8, 2017 8:14:17 GMT
They became uncool when I'm in the long checkout line at the "convenience" store waiting for some tweeker/crackhead using $5 worth of loose change to buy cigarettes.
EDIT: Plus they are too high/drunk/retarded/stupid to even be able to count it out! Then the cashier has to recount it.
|
|
|
|
Post by The Herald Erjen on Jul 10, 2017 2:41:37 GMT
As best I remember, it was in the late 1970's under the Jimmy "Peanuts" Carter administration.
|
|
|
|
Post by Utpe on Jul 14, 2017 18:43:59 GMT
novastar6 I have looked at those coin machines at the grocery store but at the one they give you some kind of a coupon for the coins and at the other one they charge for "cashing in" the coins. One back I went to always opened the rolled coins and ran them thru the machine before paying out. Guess it's different at every bank and I lucked out with one of the user friendly ones I remember that Coinstar machine several years ago in the local supermarket. I had a collection of pennies/nickels/dimes/quarters that I wanted to cash in. Only problem was that they take something like what, 1/10th of the actual value of the coin? It's probably better to donate the money to charity and use it as a tax deduction. It's also embarrassing because of how loud the darn thing is. I always find myself glancing at the person putting change into the machine. It's like shouting, "Hey everybody, I gotta lot of money over here!" LMAO! I do believe you can have it deposited into your PayPal account instead of printing a receipt, but I'd be pretty skeptical about punching in any personal information into a public machine. I think banks nowadays let you put your loose change into an ATM machine provided you have an account with them. Whenever I receive cash, I feed it in after swiping my card. When did they become uncool? I suppose around the time when debit cards were becoming commonplace. I rarely ever use change nowadays. |
|
filmfan95
Sophomore
@filmfan95
Posts: 383
Likes: 141
|
Post by filmfan95 on Jul 18, 2017 16:35:35 GMT
They're seriously considering removing production of the penny.
If that happens, what's going to happen if I have to pay more than the exact amount, and the amount of change is one cent? Am I simply going to get ripped off for one cent? Or is it going to get more complex than that, with them having to give me more than the required change, and then I have to give them change for that, meaning that sometimes, even if I have enough money to buy an item, I simply might not be able to buy it because of the dang change?
No, we absolutely need the penny still. If it wern't for the penny, buying things would be a mess.
|
|
|
|
Post by novastar6 on Jul 19, 2017 17:07:54 GMT
They're seriously considering removing production of the penny. If that happens, what's going to happen if I have to pay more than the exact amount, and the amount of change is one cent? Am I simply going to get ripped off for one cent? Or is it going to get more complex than that, with them having to give me more than the required change, and then I have to give them change for that, meaning that sometimes, even if I have enough money to buy an item, I simply might not be able to buy it because of the dang change? No, we absolutely need the penny still. If it wern't for the penny, buying things would be a mess. A couple years ago, the sales tax on all groceries where I live was 8 cents on the dollar, and I said they couldn't get rid of the penny because they'd either have to knock it down to 5 cents, or raise it to 10, but now it's 9 cents on the dollar so I guess raising it to 10 could be a possibility, but I agree, they would have to rework the whole system of how tax adds up on oddly priced items. |
|
filmfan95
Sophomore
@filmfan95
Posts: 383
Likes: 141
|
Post by filmfan95 on Jul 19, 2017 17:55:20 GMT
They're seriously considering removing production of the penny. If that happens, what's going to happen if I have to pay more than the exact amount, and the amount of change is one cent? Am I simply going to get ripped off for one cent? Or is it going to get more complex than that, with them having to give me more than the required change, and then I have to give them change for that, meaning that sometimes, even if I have enough money to buy an item, I simply might not be able to buy it because of the dang change? No, we absolutely need the penny still. If it wern't for the penny, buying things would be a mess. A couple years ago, the sales tax on all groceries where I live was 8 cents on the dollar, and I said they couldn't get rid of the penny because they'd either have to knock it down to 5 cents, or raise it to 10, but now it's 9 cents on the dollar so I guess raising it to 10 could be a possibility, but I agree, they would have to rework the whole system of how tax adds up on oddly priced items. I've already been saying for years that the amount of tax required for an item should actually be written on the price tag, so that I don't have to do extra math when I'm buying multiple items. Has it ever happened? Nope. Am I going to stop saying that it SHOULD happen? Heck nope. I'll say it until it happens. |
|
|
|
Post by OrsonSwelles on Jul 19, 2017 17:56:29 GMT
They're seriously considering removing production of the penny. If that happens, what's going to happen if I have to pay more than the exact amount, and the amount of change is one cent? Am I simply going to get ripped off for one cent? Or is it going to get more complex than that, with them having to give me more than the required change, and then I have to give them change for that, meaning that sometimes, even if I have enough money to buy an item, I simply might not be able to buy it because of the dang change? No, we absolutely need the penny still. If it wern't for the penny, buying things would be a mess. It's called rounding off. Prices will get rounded up or down. I was a naysayer (traditionalist) yet a few years later I don't miss the penny.
|
|
