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Store Bans Pennies

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.
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Re: Store Bans Pennies

Postby HoardCopperByTheTon » Mon May 28, 2012 1:37 am

chris6084 wrote:
Copper Catcher wrote:Image
Posted at a California bike shop
http://mikesbikes.com/about/pennies-don ... -pg952.htm


The average person wastes 2.4 hours a year dealing with pennies. I waste more than that each week. :lol:

Darn.. I just realized I am wasting 2.4 hours a year handling pennies. I need to sort faster! :mrgreen:
If your percentages are low.. just sort more. If your percentages are high.. just sort more
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Re: Store Bans Pennies

Postby JadeDragon » Mon May 28, 2012 1:59 am

Federal Reserve inspectors used to weigh all coins that banks deposited in the Fed’s vaults across the country, including one in Doral. That ended in 2003 when the Fed decided to end its vigilance against being short-changed and stopped weighing pennies and nickels. Instead, penny and nickel deposits are marked as “said to contain” whatever the banks submitted.

Interesting stuff.
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Re: Store Bans Pennies

Postby fansubs_ca » Mon May 28, 2012 3:35 am

Reason 3 on the sign wrote:Making pennies is toxic

The refining process of zinc releases lead and cadmium vapour, proven to be carcinogens


Clearly a reason they need to switch back to copper! ;)
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Re: Store Bans Pennies

Postby ZenOps » Mon May 28, 2012 5:51 am

Reminds me of the pre-1933 propoganda about gold and silver.

Why would anyone want to lug around ounces of gold and silver when they can use pieces of paper redeemable for gold and silver. $20 per gold ounce, and $1 per silver ounce paper, greatest invention since sliced bread.
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Re: Store Bans Pennies

Postby Z00 » Mon May 28, 2012 5:59 am

greatest invention since sliced bread.

Right. Now stick it in a toaster and see what comes back out.
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Re: Store Bans Pennies

Postby Kurr » Mon May 28, 2012 9:35 am

Why not ban the Federal Reserve, restore the 97% purchasing power we lost due to their incompetence making the cent profitable once again, and keep our monetary system the way it was designed to be?

We stay down this road, and eventually, following it to it's logical end, first will be the cent, then the nickel, then the dime and before you know it we will have NO CURRENCY, as even the notes will be too expensive to print. Just ask Zimbabwe... :shock:
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Re: Store Bans Pennies

Postby jacer333 » Mon May 28, 2012 12:08 pm

Kurr wrote:Just ask Zimbabwe... :shock:



Are any of you guys fans of the rapper "50 Cent"? Or as he is known in Zimbabwe, "400 million dollars". :D
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Re: Store Bans Pennies

Postby Hawkeye » Mon May 28, 2012 12:48 pm

2.4 hours a year dealing with pennies? I waste 2.4 hours a years staring at those "give a penny, take a penny" trays at the gas station and wondering if the number of coppers in it would be worth the awkwardness of cleaning it out for a couple dimes. :?
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Re: Store Bans Pennies

Postby John_doe » Mon May 28, 2012 3:34 pm

HoardCopperByTheTon wrote:
chris6084 wrote:
Copper Catcher wrote:Image
Posted at a California bike shop
http://mikesbikes.com/about/pennies-don ... -pg952.htm


The average person wastes 2.4 hours a year dealing with pennies. I waste more than that each week. :lol:

Darn.. I just realized I am wasting 2.4 hours a year dealing with pennies. :mrgreen:



2.4 huh? it would probably be 1 hour a year if it werent for rc members sandbagging the statistics. keep up the good work! :D
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Re: Store Bans Pennies

Postby John_doe » Mon May 28, 2012 3:35 pm

jacer333 wrote:
Kurr wrote:Just ask Zimbabwe... :shock:



Are any of you guys fans of the rapper "50 Cent"? Or as he is known in Zimbabwe, "400 million dollars". :D



:lol:
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Re: Store Bans Pennies

Postby John_doe » Mon May 28, 2012 3:35 pm

ZenOps wrote:Reminds me of the pre-1933 propoganda about gold and silver.

Why would anyone want to lug around ounces of gold and silver when they can use pieces of paper redeemable for gold and silver. $20 per gold ounce, and $1 per silver ounce paper, greatest invention since sliced bread.



true story. ;)
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Re: Store Bans Pennies

Postby hobo finds » Mon May 28, 2012 6:00 pm

Most of this guys prices end in .99! I wonder how that works with his California sales tax added? How much rounding down dose he do?
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Re: Store Bans Pennies

Postby hobo finds » Mon May 28, 2012 9:30 pm

The best... Pennies are worth less than CA minimum wage - pennies are so worthless now that it doesn't even pay the California Minimum Wage of $8/hour to pick them up off the street.
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Re: Store Bans Pennies

Postby Gobirds66 » Tue May 29, 2012 7:28 am

I was talking about inside the strip club... Image


Oops. Got it! posting.php?mode=reply&f=7&t=15055#
If they give you lined paper, write the other way....
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Re: Store Bans Pennies

Postby Gobirds66 » Tue May 29, 2012 7:32 am

Bluegill wrote:
Gobirds66 wrote:Novel, yes. Popular...not so sure. If they were popular, they would not be novel, they would be in circulation. IMO, the reason people save two dollar bills is because they are perceived to be rare. My grandfather saved every darn $2 FRN he ever got and most were in an almost or uncirculated state. I went to the LCS whom I trust very much and he told me their worth.....$2. Apparently there are vaults somewhere stacked with uncirculated $2 bills.... The only bills he were interested in were consecutive serial numbers, the star notes, and the silver certificates. Apparently they have value over face.

I was talking about inside the strip club... Image


Got it. Looks like I was focused on the wrong part of the conversation :)
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Re: Store Bans Pennies

Postby fansubs_ca » Fri Jun 01, 2012 2:35 am

jacer333 wrote:
Kurr wrote:Just ask Zimbabwe... :shock:



Are any of you guys fans of the rapper "50 Cent"? Or as he is known in Zimbabwe, "400 million dollars". :D


I heard he once toured Canada under the name "Half Loonie". ;)
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Re: Store Bans Pennies

Postby Know Common Cents » Fri Jun 01, 2012 6:45 pm

Wonder if it took the owner or workers at Mike's Bikes more than 2.4 hours to make the sign and do the research for the figures they cite.
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Re: Store Bans Pennies

Postby ed_vantage17 » Fri Jun 01, 2012 10:41 pm

There was a liquor store on campus in Madison, WI years ago that had a sign that read:

PENNIES

We don't take 'em.
We don't give 'em.

Don't like it?

(Map to a liquor store two blocks away)

They rounded to the nearest nickle and never had any problems as far as I know.
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Re: Store Bans Pennies

Postby Metals Mogul » Mon Jun 04, 2012 8:24 pm

Can't say I blame 'em! Pennies are simply a hassle.
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Re: Store Bans Pennies

Postby John_doe » Tue Jun 05, 2012 9:30 pm

ed_vantage17 wrote:There was a liquor store on campus in Madison, WI years ago that had a sign that read:

PENNIES

We don't take 'em.
We don't give 'em.

Don't like it?

(Map to a liquor store two blocks away)

They rounded to the nearest nickle and never had any problems as far as I know.


this is where I bust out the pen.

thanks for the directions.

yours truly,
John _Doe :D
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Re: Store Bans Pennies

Postby SilverEye » Wed Jun 06, 2012 12:36 am

My LCS gives $2 bills as change. Brand new crisp bills. A guy I work with loves them and buys them from me (for face, he's not dumb). I don't mind schlepping them around, it's like the guys who buy bags of wheaties and pay them in change and drop them on the ground to try to get new people interested in our hobby.
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Re: Store Bans Pennies

Postby Coppergot » Sun Jun 10, 2012 3:25 pm

I am a very stubborn consumer, if I ever run into a business like this I will make it a point to not do business with them!!
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Re: Store Bans Pennies

Postby Bluegill » Sun Jun 10, 2012 3:37 pm

Coppergot wrote:I am a very stubborn consumer, if I ever run into a business like this I will make it a point to not do business with them!!

Even when it's to your advantage when they round down? Like this store is. So you would be happier if they raised the price back up? You would rather drive out of your way wasting time and gas just because they had the audacity to lower the price a few cents on principle?

So, cut one's own nose off their face to spite oneself... To each their own... :roll:
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Re: Store Bans Pennies

Postby Coppergot » Sun Jun 10, 2012 4:56 pm

Nope not that at all, but if they are too good to deal with pennies they damn sure aren't getting any of my hard earned $$$!!!!
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Re: Store Bans Pennies

Postby Coppergot » Sun Jun 10, 2012 7:35 pm

You know the saying, every penny counts!!! I bet Bluegill voted for Obama!!!!! Lol we can always just print some more worthless bills right.
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