It’s so crazy! Why are we getting so many of them? It’s really because of all those .99 stupid-poor-marketing prices? I threw a lot of them into a supermarket self-service machine. It wasn’t worth it. It took forever and the people there were far from happy… :D
I just read a story of how a man had been collecting pennies for 45 years. He recently decided to cash them in. All the bank tellers looked at him in awe seeing him bringing in numerous water bottles filled with pennies! When he finally cashed them all in, it totaled over $5,000.
The US Treasury says there is no shortage – there as many coins in circulation as before – but the distribution across the country has become uneven. Here in the Southwest US the coins are scarce; anybody live in the US where there are plenty of coins?
Pre ‘82 pennies are about 95% copper; those after about 3%. The pre ’82s are worth more for their copper than for their numismatic value although it’s illegal to melt them down.
Just like here in Canada, Australia and New Zealand have also withdrawn the penny from circulation. Still don’t understand why the US keeps the penny, especially when it actually costs about 2 cents to mint each coin!
Canada scraped them. Our TD Bank gives you a bag that can hold $20 worth, not worth wrapping since they are being melted down. There is always a few US pennies in the pile.
I was a bank teller in college in the 70s. One day a couple of kids about 10-12 came in with a dozen rolls of pennies, but I could see at a glance that they were way off from the proper size. I asked if they were sure that there were really 50 in each roll, and one kid hit the other and said, I told you we should have counted them!
Yea! Happy Birthday to arguably the best president this country has ever had! Although I hope he’s not the greatest we ever will have I fear that not only will he be one of the best but that no one else will even come close!
I always pick up pennies whenever I find them for two reasons: I feel that a coin with Lincoln’s likeness on it deserves better and: As my grandma used to say “If you don’t have a penny you don’t have a dollar.” You just have 99¢
Most branches of my bank have a coin star like machine that you just dump your loose change into. It’s the only way to get same day deposit. Other wise, they have bag all the rolled coins up and send them to the central branch for sorting in their machine .
I used to bring it to the bakery next to my office. They were always happy to see me. Didn’t have to roll anything, I gave them bags of the different coins and a list and amount. After the third time the owner just poured it in her register without counting. She knew I was good for it. That was much easier than the bank.
Yes, I’ve said it before, and yes, I expect the same backlash, but: Those are not pennies. The penny is a UK coin. 1/10 of a US dollar is a cent. And the fact that the misnomer has been in common use since the US system of currency was established doesn’t change the fact that the US has never minted a “penny”.
About twenty years ago, we bought one of those coins sorting machines and rolled up a plastic novelty Pepsi bottles worth of change to take the kids to Frankenmuth. We are a half plastic Pepsi bottle full now and don’t know where the counting machine went.
My regular bank will take them run through a counter machine and give you actual money in return or add to your checking or saving acct. Once years ago i had a gallon jar full of wheat pennies and sold them to a guy for 3 cents each.
We rolled pennies, nickels, dimes, quarters, and saved 50 $1 biils in bank money envelopes. It was amazing how much change we would put in each coin jar daily. That was 15 – 20years ago. My late husband carried the cash then. I just use my debit card although there are times i have used cash, for birthday and Christmas homemade cards.
PoodleGroomer over 2 years ago
Our bank lobby has a coin counter. They will count customer coins for free.
whahoppened over 2 years ago
Hope Janis is at least checking for wheat pennies.
qct over 2 years ago
No charge at my bank and they were happy to see my coins arrive.
1504jarvis over 2 years ago
Happy Birthday Mr. President!
nosirrom over 2 years ago
One thing I learned when I was a bank teller. Some people can’t count to 50.
Kitty Queen over 2 years ago
Here in Canada, the penny was discontinued. They really were the most useless coins
crabbyred over 2 years ago
Achieva Credit Union has a machine like Coinstar, but their customers pay no fee.
James Wolfenstein over 2 years ago
It’s so crazy! Why are we getting so many of them? It’s really because of all those .99 stupid-poor-marketing prices? I threw a lot of them into a supermarket self-service machine. It wasn’t worth it. It took forever and the people there were far from happy… :D
Out of the Past over 2 years ago
I haven’t seen any kind of change in quite a while.
John Smith over 2 years ago
If I had a penny for everytime I didn’t understand what was going on
I’d be asking “Why do I keep getting pennies?”
djtenltd over 2 years ago
I just read a story of how a man had been collecting pennies for 45 years. He recently decided to cash them in. All the bank tellers looked at him in awe seeing him bringing in numerous water bottles filled with pennies! When he finally cashed them all in, it totaled over $5,000.
Nighthawks Premium Member over 2 years ago
and it’s his birthday today
judycloe Premium Member over 2 years ago
This was me about a month ago!
flagmichael over 2 years ago
The US Treasury says there is no shortage – there as many coins in circulation as before – but the distribution across the country has become uneven. Here in the Southwest US the coins are scarce; anybody live in the US where there are plenty of coins?
david_42 over 2 years ago
I took three jars of coins my wife had collected to our credit union. Over 4000 coins, only about $130 total, as most of them were pennies. No charge.
mourdac Premium Member over 2 years ago
Pre ‘82 pennies are about 95% copper; those after about 3%. The pre ’82s are worth more for their copper than for their numismatic value although it’s illegal to melt them down.
Piper_13 Premium Member over 2 years ago
Just like here in Canada, Australia and New Zealand have also withdrawn the penny from circulation. Still don’t understand why the US keeps the penny, especially when it actually costs about 2 cents to mint each coin!
KEA over 2 years ago
I’ve lost count of how many times my banks have flip-flopped between wanting me to roll coins and not wanting me too.
walt1968pat Premium Member over 2 years ago
So, that is why we have a penny shortage.
MuddyUSA Premium Member over 2 years ago
Some kids in middle school can not identify Ole Abe as President Lincoln!
carlosrivers over 2 years ago
My bank has a counter that customers can use for no charge,doesn’t any other bank do that anymore?
artmer over 2 years ago
USBank does this for no cost to customers in my area (SE Wisconsin).
alexius23 over 2 years ago
Many banks have placed restrictions on taking coins
FassEddie over 2 years ago
Looks like about thirty four bucks to me.
Flatlander, purveyor of fine covfefe over 2 years ago
Canada scraped them. Our TD Bank gives you a bag that can hold $20 worth, not worth wrapping since they are being melted down. There is always a few US pennies in the pile.
ValancyCarmody Premium Member over 2 years ago
I was a bank teller in college in the 70s. One day a couple of kids about 10-12 came in with a dozen rolls of pennies, but I could see at a glance that they were way off from the proper size. I asked if they were sure that there were really 50 in each roll, and one kid hit the other and said, I told you we should have counted them!
micromos over 2 years ago
Cornerstone community financial is free for members
Grace Premium Member over 2 years ago
So many banks have them in the lobby now. You get a slip to deposit or cash at the teller line. Coinstar lets you get gift cards for free.
tiomax over 2 years ago
Yea! Happy Birthday to arguably the best president this country has ever had! Although I hope he’s not the greatest we ever will have I fear that not only will he be one of the best but that no one else will even come close!
I always pick up pennies whenever I find them for two reasons: I feel that a coin with Lincoln’s likeness on it deserves better and: As my grandma used to say “If you don’t have a penny you don’t have a dollar.” You just have 99¢
raybarb44 over 2 years ago
He would smile at the penny and cry over our situation…….
david.reichert over 2 years ago
I just take ’em to my bank and they sort ’em and pay me the full amount. Try shoving them pennies into your internet bank.
Hydrohead over 2 years ago
Most branches of my bank have a coin star like machine that you just dump your loose change into. It’s the only way to get same day deposit. Other wise, they have bag all the rolled coins up and send them to the central branch for sorting in their machine .
rick92040 over 2 years ago
I have a little plastic sorting machine with a crank that does that.
cabalonrye over 2 years ago
I used to bring it to the bakery next to my office. They were always happy to see me. Didn’t have to roll anything, I gave them bags of the different coins and a list and amount. After the third time the owner just poured it in her register without counting. She knew I was good for it. That was much easier than the bank.
Cozmik Cowboy over 2 years ago
Yes, I’ve said it before, and yes, I expect the same backlash, but: Those are not pennies. The penny is a UK coin. 1/10 of a US dollar is a cent. And the fact that the misnomer has been in common use since the US system of currency was established doesn’t change the fact that the US has never minted a “penny”.
reverendike over 2 years ago
For higher value coins, using a free option or rolling them might be worth it. For pennies I’d let Coinstar take their 6 cents per 50 coins.
Back to Big Mike over 2 years ago
About twenty years ago, we bought one of those coins sorting machines and rolled up a plastic novelty Pepsi bottles worth of change to take the kids to Frankenmuth. We are a half plastic Pepsi bottle full now and don’t know where the counting machine went.
Sneaker over 2 years ago
My regular bank will take them run through a counter machine and give you actual money in return or add to your checking or saving acct. Once years ago i had a gallon jar full of wheat pennies and sold them to a guy for 3 cents each.
David Huie Green LoveJoyAndPeace over 2 years ago
“…dropping in value. Oft forgotten.”
j.l.farmer over 2 years ago
We rolled pennies, nickels, dimes, quarters, and saved 50 $1 biils in bank money envelopes. It was amazing how much change we would put in each coin jar daily. That was 15 – 20years ago. My late husband carried the cash then. I just use my debit card although there are times i have used cash, for birthday and Christmas homemade cards.
KevinCarson2 over 2 years ago
Abe needs that like he needs a hole in his head