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Results of coin shortage
Jul 16, 2020 10:44:46 #
Jul 16, 2020 11:19:50 #
grandpaw wrote:
Can you believe this? LOL
I must be a mushroom, what coin shortage? I spend dollars and get coins in return change.
Jul 16, 2020 11:27:30 #
JamesCurran wrote:
Round everything off to the nearest $0.1. As long as we keep using the cents digit, we are going to need pennies. But, of course, changing that is a far bigger hurdle.
Yes! The copper industry makes a fortune from pennies. A modern penny costs 1.8 cents to make. It is only 2.5% copper, the rest being mainly zinc, and zinc prices are rising.
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Jul 16, 2020 12:00:15 #
My wife just went to the bank yesterday and deposited $250.00 in wrapped coins to our account.
She reads the news and cashed in all of my .02 cents worth's from the last 50 years.
She reads the news and cashed in all of my .02 cents worth's from the last 50 years.
Jul 16, 2020 13:48:23 #
sgt hop
Loc: baltimore md,now in salisbury md
rplain1 wrote:
And now can we get the gas stations to quit charging tenths of cents?
amen to that....
Jul 16, 2020 14:30:01 #
Jul 16, 2020 18:47:40 #
grandpaw wrote:
Can you believe this? LOL
They are not making pennies anymore here.
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Jul 16, 2020 20:18:04 #
Jul 16, 2020 22:41:02 #
FotoHog wrote:
They are not making pennies anymore here.
Are they due to go out of circulation in 2004? I heard that somewhere.
I see only one thing negative (there may be more) and that is that cheapskates won't have anything to put in the poor boxes.
Youth won't care, they use plastic.
Bill
Jul 16, 2020 23:36:49 #
FotoHog wrote:
They are not making pennies anymore here.
Where is "here" for you?
Jul 16, 2020 23:53:59 #
I think it was George Carlin who pointed out that you must put your 2 cents in but it's only a penny for your thoughts ... someone is making money!
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Jul 17, 2020 09:45:32 #
JamesCurran wrote:
Round everything off to the nearest $0.1. As long as we keep using the cents digit, we are going to need pennies. But, of course, changing that is a far bigger hurdle.
Canada already did away with pennies some time ago. If the bill comes to 1 or 2 cents they round down - if it comes to 3 or more it rounds up. 12 cents becomes 10, but 8 cents would also become ten and so forth (hope I got that clear in your minds - easy to grasp but hard to write out). 13 cents would become 15, etc. Credit card charges are not affected since no coins are involved, so we are still stuck with prices ending in 99 cents - who do they think they are fooling?
Jul 17, 2020 14:49:14 #
marine73 wrote:
I must be a mushroom, what coin shortage? I spend dollars and get coins in return change.
The coin shortage is a real thing. I just saw an article in the local paper that banks are having to ration the amount of coins they give to businesses. They specifically mentioned laundromats, which I use. I hope the next time I go there are enough quarters in the coin changers, or I will have to leave and go try to get some at a bank.
Jul 17, 2020 14:55:23 #
grandpaw wrote:
Can you believe this? LOL
And its making it harder for me to have my coin collection too
Jul 17, 2020 19:48:04 #
BassmanBruce wrote:
Well, that should put an end to a Lot of arguments! 
Oops, that is my 2ยข!
Oops, that is my 2ยข!
And shorten many UHH topic discussions.
Just think, no Canon versus Nikon, no 'is a cell phone as good as a DSLR'? And more.
Long sigh here.
Bill
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