You haven’t tried this at a bank, have you. Casinos love coins, and they get a good return on all they circulate. Banks make a major fuss. Both large and small. Wells Fargo, Washington Mutual, Bank of America, I’ve tried them all.
I submit coins all the time, from vending machines. If it’s under $500 they count it in the branch, usually with a set of hand trays full of holes. and grumble a lot. And if you aren’t a big coin customer, but have a piggy bank, they will hand you wrappers and insist you do the counting, plus write your account number on each wrapper. Over $500, and they send a sealed plastic money bag to an outside company to count (at their expense) and you get the deposit applied about three days later. They have to spend several times the effort over taking the same deposit in bills.
They’re not, although they are about the size of a washing machine.
The post at which my remarks about coin counting/rolling machines was directed, however, implied that the reason that dollar coins were not popular was because banks didn’t want them due to the time and effort (“bother,” I think, was the term used) required to count and roll them. I was just pointing out that banks (not consumers) would likely use machines for this task. Perhaps I should have added, “because of the volume of coin involved.”
I don’t think anybody would expect you to have these machines at home. Not unless you have, say, $200,000 in quarters that must be rolled by noon, when the Brink’s truck is coming to get them.
Dollar coins are a horrible idea. It’s enough of a hassle dealing with change already. We should be making less change, not more. Get rid of pennies.
This seems to be happenning all on it’s own. The other day something cost $10.06 and I gave a $20. They handed me back 10. I would have been pissed if they didn't. .94 in change sucks to carry around.
I toss pennies in the trash, and I’m known to toss quarters and dimes also, especially if I’m on foot. Without a car or house or cubicle to put them in, it’s worth <$1 to me to not have the jingle in my pocket.
So you would have been pissed if they didn’t give you more than you were entitled to?
What if it had cost $9.64? Would you still have preferred that they only give you a $10, keeping the $0.36 for themselves?
No, but I would not have said anything if they gave me $10.35, and I leave the penny/pennies behind for the next person often when I receive them.
IMHO the bottom line is that you shouldn’t have to “exchange coins for cash” whether you do it at a Coinstar machine or a bank. Coins ought to be actual usable cash in the context of real, everyday small transactions. Ideally, the only time you should have to deliberately change coins for cash is under unusual situations, such as being in charge of the church collection plate, or the local Girl Scount cookie sale, where you tend to accumulate a mass of small amounts in coin.
I’ve used the dollar coin in a bunch of machines without problem. Are you using it in a really old vending machine?
Or, they cold just stop printing the dollar bills. After a while, when they’re all gone, there will only be coins left, and banks will have to deal with it.
Funny how so many other countries seem to manage. It seems to me that the only real justification for your scenario is the assumption that Americans are dumber than folks elsewhere. I’m willing to be convinced that this is true, but i’m not sure that it’s a contention that will stand up to close scrutiny.
Dollar coins aren’t pennies which you save until you run out of room in the jar, then wrap. Dollar coins get used.
Not me. If something cost $10.06 and I give $20, that means I don’t have any coins and want some. If I did have coins I’d give them $20.06, or $20.10, or possibly $20.25. That’s the whole point of coins, to keep some around and use them. If you do that, you never have to put extra coins in a jar, and you’d never have more than 10 coins or so in your wallet/purse.
But it’s better to have a system where coins weren’t needed in the first place for anything other than avoiding getting more useless coins. The only coins I really ever “use” for anything are quarters for parking meters and vending machines. The only real function of a nickel is to avoid getting another nickel.
Ah, well, here we get to the TRUE answer to many things. In another decade, you won’t USE coins or paper money for much of anything; everything will be automatically charged against your account linked to your RFID device that you just wave at the reader. Then, you won’t care about how much you hate dollar bills or dollar coins.
These coins look like ASS!
Unfortunately the common practice of embalming and then putting a coffin inside of a vault before burial confounds the natural rate of decomposition.
Perhaps we should make it standard practice that Presidents only be buried in 19th century style pine caskets, with no embalming process.
Or we can give Presidents the option to be cremated and thus waive the two-year waiting period.
What’s worse is in some places you can actually get ticketed for backing in to parking spaces.
Like where?
Purdue University campus, for starters.
Like almost any place that either meters the spaces or requires a permit to park in them. It usually has to do with the methods used to make certain that the vehicle is following the rules; among the reasons are ease of seeing the permit, lack of license plates on the front end, or the marking of a specific tire in metered spaces to assure that the car does not overstay the limit by adding further coins to the meter.
Bowling Green State U. has a similar rule.
Like almost any place that either meters the spaces or requires a permit to park in them. It usually has to do with the methods used to make certain that the vehicle is following the rules; among the reasons are ease of seeing the permit, lack of license plates on the front end, or the marking of a specific tire in metered spaces to assure that the car does not overstay the limit by adding further coins to the meter.
Bowling Green State U. has a similar rule.
Yes, I would have been pissed if I had to break a ten just for six cents of change.
Yes. I regularly drop amounts like $.36 into the “take a penny, leave a penny” jar. If something costs $9.94 at a drive through, I would hand them a $10 and drive up to the next window. It’s not worth waiting for six cents.