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Coin washer keeps Westin St. Francis' change shiny (2010)

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Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#61
post #27

Season 7 of Dirty Jobs on the Discovery Channel showed this in action (I still enjoy reruns of Dirty Jobs) https://en.m.wikipedia.org/wiki/List_of_Dirty_Jobs_episodes#...

Here's some video - not sure if it's that episode or something different. https://youtu.be/9IqHCVRbidA

ha! Video title is

MONEY LAUNDERING AT THE WESTIN ST. FRANCIS

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#62

Change doesn't make sense today. Comparing the value of a penny in 1900 it would be worth $0.31 today. Therefore we should get rid of pennies, nickles, and dimes. It is a huge waste of human time to count these small denominations out. They should round up to the nearest $0.25 https://www.in2013dollars.com/us/inflation/1900?amount=0.01

Personally I think we should just have 1 decimal digit, instead of two.

Yes, that means new coins, but the coins the way they are are less and less useful every year. At some point we'll have to make a change.

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#63
I visited this hotel last year and asked around after the cleaned coins. The first few staff members I asked had no idea what I was talking about - but they found me a more tenured member of staff and he told me that they don't do this any more. Which is sad, because I wanted some shiny pennies!

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#64

Change doesn't make sense today. Comparing the value of a penny in 1900 it would be worth $0.31 today. Therefore we should get rid of pennies, nickles, and dimes. It is a huge waste of human time to count these small denominations out. They should round up to the nearest $0.25 https://www.in2013dollars.com/us/inflation/1900?amount=0.01

Each item rounds up. If you shop for food at the dollar-ish store, $1.01 now goes to $1.25. A 14 to 24% price increase that will disproportionately affect lower socioeconomic people. As someone who lived not so long ago when literally saving a dime mattered, no thank you.

How many of your purchases are $1? You only have such a dramatic percent when the purchase price is very low.

On a more typical $10 purchase it wouldn't have much effect.

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#65
post #59

Earlier quoted context omitted.

Each item rounds up. If you shop for food at the dollar-ish store, $1.01 now goes to $1.25. A 14 to 24% price increase that will disproportionately affect lower socioeconomic people. As someone who lived not so long ago when literally saving a dime mattered, no thank you.

If you’re comfortable with not being precise to half pennies or $0.001, then there is likely a unit that you feel is equitable to round to, and the question is what unit that should be. As rounding will favor you as often as it works against you (assuming it’s not heavily gamed), there should be a unit that people trait as fair. As that choice has remained the same regardless of inflation, it might be fair to say we…

Worth pointing out that while $0.001 (mil) coins never existed, half-cent coins were minted from 1792 to 1857.

Even in 1857 $0.005 was worth way way more than even a quarter is today. Probably more than a dollar. (Actual inflation gets a bit hard to track going back that far).

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#66

Along with the coins, the burnisher is filled with water, bird shot to knock the dirt off, and a healthy pour of 20 Mule Team Borax soap Isn't bird shot typically made from lead? Are they coating the coins with lead?

"Bird shot" is the size of the steal abrasive. Ridiculous to think they open up shotgun shells and pour in the projectiles.

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#67
He might be one of the only professional money-washers left at a private business, but some of the people who rank very highly on the currency tracking site www.wheresgeorge.com are known to wash, dry, and iron hundreds to thousands of paper banknotes every day. Wattsburg Gary, one of the sites top ranked users attributes his high "hit rate" to this practice which is about as straightforward as it sounds. He runs the money through a regular washer and dryer, then irons it, puts his wheresgeorge stamp on it, then sends it on its way.

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#68

Change doesn't make sense today. Comparing the value of a penny in 1900 it would be worth $0.31 today. Therefore we should get rid of pennies, nickles, and dimes. It is a huge waste of human time to count these small denominations out. They should round up to the nearest $0.25 https://www.in2013dollars.com/us/inflation/1900?amount=0.01

With more and more things going digital everywhere, this argument gets less and less important over time

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#69

Earlier quoted context omitted.

It may be banned in certain areas but lead shot is still sold: https://www.cabelas.com/category/104567580.uts?CQ_view=list&... https://www.amazon.com/Magnum-Lead-Shot-2-25-Pound/dp/B001QV... And some bans have been reversed: New U.S. Interior Secretary Ryan Zinke on Thursday issued an order overturning an Obama administration ban on the controversial use of lead ammunition and fishing tackle used on federal lands and…

I'm guessing most ammo being used isn't for hunting, it's for target shooting. Lead ammo is still legal for that (and ranges can make some decent money by sifting through their berms and recycling the lead). Kind of a moot point, but I don't think Cabela's has any locations in California, and they stopped shipping here after Prop 63

> but I don't think Cabela's has any locations in California

No, but Bass Pro Shop is all over, and bought Cabela's a few years back.

Re: Coin washer keeps Westin St. Francis' change shiny (2010)

#70
post #62

Change doesn't make sense today. Comparing the value of a penny in 1900 it would be worth $0.31 today. Therefore we should get rid of pennies, nickles, and dimes. It is a huge waste of human time to count these small denominations out. They should round up to the nearest $0.25 https://www.in2013dollars.com/us/inflation/1900?amount=0.01

Personally I think we should just have 1 decimal digit, instead of two. Yes, that means new coins, but the coins the way they are are less and less useful every year. At some point we'll have to make a change.

Dimes exist?

Still too granular IMO. If a penny is worth 1/31th of what it used to be, we should drop it and go to quarters.

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