Pennies playing hard to get

Just got informed at the financial institution where I work that once the armored service we use runs out we can get no more pennies unless of course someone brings them in to deposit. Will be interesting to see how folks deal with it.

Related to this???

No more pennies: In big change, Treasury will stop minting them : NPR

No doubt. It’s just more real when you hear it from one of the executives specifically about your own work place. As I think about it it has been quite a while since I have bent over to pick a penny up off of the street. :slight_smile:

We have a supply of pennie’s we’ve gotten as change in a container. H will look through them at some point and figure out what he wants to do with them.

There will definitely need to be changes to prices so that change is in nickel increments. No more $12.52. Because change won’t be able to be given after Pennie’s run out.

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I was recently in a store somewhere - gas station maybe? - and they had a handwritten sign saying they were low on pennies, so please plan accordingly. I did a double take, because I knew getting rid of the penny was talked about, but didn’t realize they were actually doing it. I rarely use cash, so at this point I’m not personally worried about it.

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For as long as I can remember, my gasoline purchase has been rounded to the nearest penny (or maybe just rounded up, I never thought to check). If the smallest available coin is now going to be 5 cents, how is that different?

I have pennies, but I can’t get rid of them. I tried to bring them to a bank, but they want me to stuff into those brown tubes and I don’t have time for it. Didn’t they use to have those machines that you could just throw coins into?

There’s still a few at the grocery store - they take 7% I think - at least the one by me.

Just think - in 100 years, these will all be collector’s items :slight_smile:

We have tons of those machines - called Coinstar. I took a bunch of change to the tune of $200 - lots of them pennies! - a couple weeks ago.

You can choose to take a gift card(paper receipt type) with 0% taken off your $ total. I’m the last I could get Amazon gift $ - it wasn’t available the last couple of times but there are other choices - I chose Lowe’s because there is always something we need from Lowe’s!

If you choose to take your turned in amount in cash THEN they take a %. Most of our Coinstars are located in big box grocery stores.

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I bank at a small local bank and they take all my change- no fee, just deposit it into my checking account. I cash in about two times a year. I rarely use cash but a few places around here either only take cash or charge a fee for cc. One place I frequent charges a fee for debit cards as well so I use cash.

I’m the weird one who likes to wrap coins! I used to do it for my mom - she let me keep the money! Big stuff to an elementary kid. I did the same with my kids - they started in preschool. Sadly, I just don’t have a lot of coins anymore to wrap.

the coinstar machine at our local grocery store was also a hit with my kids. We shopped every week and all the employees knew us. Every so often, the manager would open up the machine. Anything that can’t get sorted (I.e foreign money) get put into a container. He’d empty the container into a bag and would give it to my kids. So much fun to dig through, especially since we couldn’t travel anywhere back then. Sadly, the store closed many years ago. But good memories