Sorry if this doesn’t belong here; it was a judgment call.
On my dresser is an empty standard 28 oz. jar of what used to be spaghetti sauce. It is a little over 2/3 full of a random assortment of pennies, nickels, and dimes (although it sure appears that the majority are pennies, I think there’s a pretty good mix of all three).
Can anyone estimate about how much I’ve got in there? I’m trying to figure out when/if it’s worth it to try to cash it out now, or wait for it to fill some more.
I would guess in the realm of $20-$40. I would normally say more, but you said it’s mostly pennies and no quarters.
I always save my change. Yeah, in theory I don’t make money (except for the few dollars a year I might find on the ground,) but it seems like I do. Not that I don’t use change, I do, but only if I have some on me, which I usually don’t. I only have it on me if earlier in the day I got change back, since i empty out the pockets into my change bin at night. I used to keep change in an empty 1.75 L bottle of Absolut Vodka. Got it almost 3/4 full one time, that was over $50 in change, with almost no quarters. My record, though, is $75. That wasn’t from the bottle, though. The bottle fell off of my desk and I had to clean up shards of glass and coins from nine square feet of carpet. :mad:
A spaghetti sauce jar is a pretty small piggy bank if you’re trying to save a significant amount of change.
Mine is a large, plastic, bottle-shaped bank that originally contained popcorn. It could probably fit at least three or four gallons of liquid. The last time I cashed it in, it was about 2/3 full, weighed at least 50 lbs., and was worth $212, excluding the pennies.
I’ll guess around $18. I have a 14 oz. cup that I fill with pocket change, then I take it to the Kash N Karry coin redemption machine. If there is a fair amount of quarters in the mix, I usually get about $25. The coin redemption machine does take an 8 percent cut though.
Probably 30ish. Working as a waitress, I come by a lot of change, which I throw in an old Tootsie Roll bank I got some Easter past. I fill it and take it to the bank about once a month and it usually holds around $40.
I have in front of me nine pounds of rolled pennies, nickels and dimes in a ziplock bag, waiting for my next bank trip. They’re worth $49.00. So that’s an approximate system to work with.
Double huh? There is nothing remotely taxable about a jar of coins. The money that went into making the change has already been taxed, and there is no other interest or income on that money.
I have a 3 liter jar I keep all my change in, including quarters. I’ve filled it up several times, and when I cash it in, I typically get $350-400 out of it.