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Posted

Because the ignorant MFers in charge are the same ones who decided it was a good idea to design a new quarter reverse side every damn year.

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Posted

I haven't paid for anything using coins in, I don't know, 5 years maybe.  Maybe more.  Who the fuck uses coins.  I use bills to tip strippers and the poor towel guys at the car wash.  

Posted

They make Pennies in the UK.  In America, we make Cents.  The premise of this topic is an indictment of inflation and the Federal Reserve.  Pity more people don't ponder why we the people put up with wealth stealing vacuum machine that is fiat money.

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Posted

Ironically we make Pennie’s because nobody  uses them and instead throws them in a jar on their nightstand, which means they fall out of circulation, necessitating the production of more pennies.   It’s the dumbest self perpetuating cycle.  

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Posted
  On 10/26/2024 at 4:20 PM, Armybrat said:

Las Vegas slot machines went coinless years ago.

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The coins that did make sense was win silver dollars were used in Vegas. Now they are worth $17 based on the silver content alone.

Posted
  On 10/26/2024 at 5:45 PM, Bevo said:

 

The coins that did make sense was win when silver dollars were used in Vegas. Now they are worth $17 based on the silver content alone.

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preschooler mistake

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Posted (edited)
  On 10/26/2024 at 5:45 PM, Bevo said:

 

The coins that did make sense was win silver dollars were used in Vegas.

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…when…

 

(Freudian slip if I ever saw one)

 

Edited by DoobieWah
Missed it by *that* much.
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Posted
  On 10/26/2024 at 5:15 PM, Underdog said:

And it sucks, too.  There were always these bad boys around to carry your coins/winnings around to drop in random slots. 

image.thumb.png.47d73d4eefcf2dc7988caef658394d94.png

 

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Years ago, I was at Caesars waiting in line to get a club card or whatever it’s called.  I played a nickel slot machine while waiting and won filing about three of those bucket with a bunch of nickels.  I looked back at my buddies asking sarcastically what the fuck am I going to do with this?  I think it was a bad omen.  Didn’t win shit of significance rest of the trip.

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Posted
  On 10/26/2024 at 1:45 PM, bschoolprof said:

I haven't paid for anything using coins in, I don't know, 5 years maybe.  Maybe more.  Who the fuck uses coins.  I use bills to tip strippers and the poor towel guys at the car wash.  

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You make the towel guys give you lap dances?

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Posted

Reallllllly long story from the NYT last month on just this very thing:

 

https://www.nytimes.com/2024/09/01/magazine/worthless-pennies-united-states-economy.html

 

  Quote

I was disappointed to learn, recently, that the United States has created for itself a logistical problem so stupendously stupid, one cannot help wondering if it is wise to continue to allow this nation to supervise the design of its own holiday postage stamps, let alone preside over the administration of an extensive Interstate highway system or nuclear arsenal. It’s the dumbest thing I ever heard. I have come to think of it as the Perpetual Penny Paradox.

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  Quote

Most pennies produced by the U.S. Mint are given out as change but never spent; this creates an incessant demand for new pennies to replace them, so that cash transactions that necessitate pennies (i.e., any concluding with a sum whose final digit is 1, 2, 3, 4, 6, 7, 8 or 9) can be settled. Because these replacement pennies will themselves not be spent, they will need to be replaced with new pennies that will also not be spent, and so will have to be replaced with new pennies that will not be spent, which will have to be replaced by new pennies (that will not be spent, and so will have to be replaced). In other words, we keep minting pennies because no one uses the pennies we mint.

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A conservative estimate holds that there are 240 billion pennies lying around the United States — about 724 ($7.24) for every man, woman and child there residing, and enough to hand two pennies to every bewildered human born since the dawn of man. (To distribute them all, in fact, we’d have to double back to the beginning and give our first six billion ancestors a third American penny.) These are but a fraction of the several hundreds of billions of pennies issued since 1793, most of which have suffered a mysterious fate sometimes described in government records, with a hint of supernaturality generally undesirable in bookkeeping, as “disappearance.” As far as anyone knows, the American cent is the most produced coin in the history of civilization, its portrait of Lincoln the most reproduced piece of art on Earth. Although pennies are almost never used for their ostensible purpose (to make purchases), right now one out of every two circulating coins minted in the United States has a face value of 1 cent. A majority of the ones that have not yet disappeared are, according to a 2022 report, “sitting in consumers’ coin jars in their homes.”

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Posted

Don't fall for this trap. Look at the history of the 1/2 cent coin. Last minted in 1857,  average condition 1/2 cents are with about $75, and can run up above $1,000. 

Don't get rid of your 1 cent coins, will them to you great-great-great-great-great-great grand kids. They will thank you, or at least the memory of you.

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Posted
  On 10/26/2024 at 1:45 PM, bschoolprof said:

I haven't paid for anything using coins in, I don't know, 5 years maybe.  Maybe more.  Who the fuck uses coins.  I use bills to tip strippers and the poor towel guys at the car wash.  

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I almost murdered a dude last week at HEB. dude  cruises through the express line to get a couple of packs of smokes. Several minutes later when the checker finally makes it back, he busts out his change purse and starts counting coins. Unfortunately he didn't have a real strong grasp of how to count the coins he likely spent all day accumulating. 

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Posted
  On 10/27/2024 at 12:23 AM, Wally Fairway said:

Don't get rid of your 1 cent coins, will them to you great-great-great-great-great-great grand kids. They will thank you, or at least the memory of you.

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I only know a handful of my great-great-great-great-great-great grandparents and they didn’t leave me anything.  Maybe 24 out of my 128.

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Posted
  On 10/26/2024 at 5:45 PM, Bevo said:

 

The coins that did make sense was win silver dollars were used in Vegas. Now they are worth $17 based on the silver content alone.

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Phun Phact: silver dollars were minted because silver miners had good lobbyists, and they got to convert less than a dollar of silver into silver dollars. People didn't really like the coins when they came out, and two-thirds of them sat in bags at the mint, unused, until in the 1960s they started selling $1,000 bags of them to the public. About 15 minutes after that, the whole complex silver dollar collecting buying/selling hobby sprang up.

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Posted
  On 10/26/2024 at 1:45 PM, bschoolprof said:

I haven't paid for anything using coins in, I don't know, 5 years maybe.  Maybe more.  Who the fuck uses coins.  I use bills to tip strippers and the poor towel guys at the car wash.  

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Yeah, maybe since the 90s here. Back then, I wouldn't leave the house without a dollar's worth of quarters in my slacker grad school pocket, because you could buy stuff with it-- soft drink, burger on special, something, maybe even use a phone. It fit the ecosystem. Now it'd be like strapping on a sword.

The obvious answer if the Mint wants to keep cranking out coins, is to make some higher denomination ones like $1, $5... but that has jumped the shark unless Gen Post-Z decides to go Luddite.

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Posted
  On 10/27/2024 at 12:56 PM, RDCanecutter said:

Yeah, maybe since the 90s here. Back then, I wouldn't leave the house without a dollar's worth of quarters in my slacker grad school pocket, because you could buy stuff with it-- soft drink, burger on special, something, maybe even use a phone. It fit the ecosystem. Now it'd be like strapping on a sword.

The obvious answer if the Mint wants to keep cranking out coins, is to make some higher denomination ones like $1, $5... but that has jumped the shark unless Gen Post-Z decides to go Luddite.

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Quarters were good for parking meters and for throwing into the toll road change basket.

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