I’ve heard folks rail about pennies for years but really didn’t pay much attention to them. It surprised me in reading the news of the last pennies being minted this week, that it actually costs 4 cents to make a penny. It’s shocking to me that we’ve been minting these coins for awhile at a 300% markup. Why didn’t we quit this silliness earlier?
When I was growing up, my dad kept a jar on the dresser and every night all the coins in his pocket went in. My mother used to fish out any quarters, dimes and nickels that she found but she left the pennies until the jar was full, then she took them to the bank. Occasionally a few pennies would be meted out to me and my sister, but not too often.
I discovered last January when I visited, that my mother is still putting coins into a jar in her chiffarobe. Apparently she doesn’t do this on a regular basis, just when she thinks her wallet is getting too heavy. Quarters go in a separate jar for the washer and dryer in her condo building. I also discovered that banks are no longer very interested in helping the public deal with their coins. And those coin machines you occasionally see at grocery stores? A pretty hefty fee and the grocery store near my mom’s would only give you store credit. A little calling around and I did find a bank about 15 minutes away that had a sorting machine, but you had to deal with it yourself. Not too awful but you could only put in one kind of coin at a time so it was laborious. Luckily it was a branch of my mom’s bank, so I could just deposit the money into her account.
No coin jars at my house and if there had been, that experience with my mom’s coins would have cured me. The news is that people are worried that every business will eventually start rounding up the price of your purchases. Personally I can see that happening with cash purchases, but with so many purchases being credit card/cyber transactions, I’m not too worried.
Was there a coin jar in your house growing up? What about now?
Trail Baboon 