41–50 of 151 posts
This is all a bit hyperbolic. Stopping minting pennies made sense and has precedent. There used to be half penny coins. Also, pennies are still legal tender. Folks can take them to a bank or other venue and cash them in. They’re not “trash.”
So this is long overdue.
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We can turn them into suntan lotion!
hahah ok actually I love that. I think however the problem would be the trouble in seperating the zinc from the copper, I think you would likely operate at a loss still but this is just a guess.
This is all a bit hyperbolic. Stopping minting pennies made sense and has precedent. There used to be half penny coins. Also, pennies are still legal tender. Folks can take them to a bank or other venue and cash them in. They’re not “trash.”
> Folks can take them to a bank FWIW my bank refuses to accept unrolled coins, long before this month's retirement of the penny.
As I understand it, coins are considered a government service. Banks and retailers pay to deal with them. Buying them from the public for face value actually saves them money.
Earlier quoted context omitted.
> Folks can take them to a bank FWIW my bank refuses to accept unrolled coins, long before this month's retirement of the penny.
Is that legal?
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When the removal of one and two cent pieces actually happened in Australia (1991), all the details were distributed in a pamphlet of just four pages. That amount of information is probably about all people need, literally just a document with some guidelines!
This is all a bit hyperbolic. Stopping minting pennies made sense and has precedent. There used to be half penny coins. Also, pennies are still legal tender. Folks can take them to a bank or other venue and cash them in. They’re not “trash.”
> Folks can take them to a bank FWIW my bank refuses to accept unrolled coins, long before this month's retirement of the penny.
Coinstar also often has zero commission options like gift cards that are an easy way to cash in extra change without paying fees.
Earlier quoted context omitted.
> Folks can take them to a bank FWIW my bank refuses to accept unrolled coins, long before this month's retirement of the penny.
Is that legal?
Earlier quoted context omitted.
[flagged]
It's not acceptable to attack fellow community members like this on HN. Critiquing the article is fine, as is flagging it if you think it's unfit for HN. But personal attacks are not OK, no matter who it is or why you think it's justifiable. Please read the guidelines and make an effort to observe them if you want to keep participating here.
Was that actually a personal attack, or was it a verifiable claim about the quantity and type of submissions by this user? Is the problem that it was labeled "propaganda", and would it have been ok without that word?
I thought it was useful context to have a look at the submission history. There is a slew of recent [dead] submissions. At what point is it fair to call that out? Or is it about the wording?
This is all a bit hyperbolic. Stopping minting pennies made sense and has precedent. There used to be half penny coins. Also, pennies are still legal tender. Folks can take them to a bank or other venue and cash them in. They’re not “trash.”
> Folks can take them to a bank FWIW my bank refuses to accept unrolled coins, long before this month's retirement of the penny.
In my childhood we'd hoard loose change then make a trip to the local po-dunk bank serving my neighborhood surrounded by corn fields, and even there they'd take our bucket of loose change and dump it into a counting machine for free.
It was a game to try guess the amount we'd get in paper cash...
Now you have to pay for this service at a grocery store using a cumbersome machine operated by Coinstar.
Earlier quoted context omitted.
> The newer pennies are not really worth the effort as they are mostly zinc. They're still worth $1 per lb., and you have to destroy them, anyway.
It's their mix with copper I beleive that makes them less valuable than their raw value in zinc if thats what your number is based on... because the cost of seperation from the copper is greater than simply sourcing other materials.