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nckt
Penny Collector Member
USA
304 Posts |
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n/a
deleted
6 Posts |
Posted - 05/29/2008 : 21:43:06
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| Good article! |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/01/2008 : 21:20:31
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Most interesting paragraph says: "Despite claims to the contrary by a lobbying group for the zinc industry that poses as a consumer organization cents are no longer circulating coins, in the traditional sense. Yes, they are still given out as change by some businesses, but they are seldom recirculated by their recipients, who are more likely to simply toss them into a jar."
Today I tried to spend some rolled nickels and pennies at a Dollar Store - and was refused! The clerk claimed she would have to open them, count and reroll them.
Next I tried to spend them at Sears. The two clerks refused to accept it. One said "We are not a bank". I said "Interesting you do not accept legal tender." This sucks since I spent all my paper money on nickels and Pennies yesterday. They got Mastercard instead - and I collected the airmiles instead.
There are claims of buying gas with zinc rolls - but I have not tried that yet.
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The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/01/2008 : 21:24:33
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| yeah i know, poor penny isn't a circulating coin |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/02/2008 : 00:54:05
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Well I circulate enough boxes of pennies already to disprove that story - and I'm waiting on the Ryedale still. Wiped 9 Banks and credit unions out of pennies on Saturday LOL.
I believe that most of those uncirculating pennies are sitting 40 miles from the S Mint. |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
Edited by - jadedragon on 06/02/2008 00:55:07 |
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fb101
Administrator
USA
2856 Posts |
Posted - 06/02/2008 : 05:59:07
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| I don't know how they're getting their stats, but I wonder if we will be helping the penny stay alive a few years longer with the demand we generate. I think our cumulative demand rate is high. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
 Posted - 06/02/2008 : 06:38:25
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quote:
Originally posted by legacypac
Most interesting paragraph says: "Despite claims to the contrary by a lobbying group for the zinc industry that poses as a consumer organization cents are no longer circulating coins, in the traditional sense. Yes, they are still given out as change by some businesses, but they are seldom recirculated by their recipients, who are more likely to simply toss them into a jar."
Today I tried to spend some rolled nickels and pennies at a Dollar Store - and was refused! The clerk claimed she would have to open them, count and reroll them.
Next I tried to spend them at Sears. The two clerks refused to accept it. One said "We are not a bank". I said "Interesting you do not accept legal tender." This sucks since I spent all my paper money on nickels and Pennies yesterday. They got Mastercard instead - and I collected the airmiles instead.
There are claims of buying gas with zinc rolls - but I have not tried that yet.
I've done it a few times, so has HoardCopperByTheTon. We kinda have an unhealthy competition going on....hehe. He says I cheat because I can get around the prepay problem. In fact, I think I hold the disputed, (yep, HoardCopperByTheTon disputes it), record for "zincs for gas". More of a novelty than a practical way of zinc disposal. Just try and find a loose-return bank.
Deal
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Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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