OK, I dislike dealing with pennies. When I tally and total up a customer's sawing bill, I always drop the cents and charge the dollar amount. I tell the customer that "I don't do cents".
The penny is long overdue to be discontinued like the 2¢ piece, 3¢ piece, and half dime.
And what about gasoline? An exact gallon of gasoline is impossible to buy because you do not have 9/10¢. If you pumped exactly one gallon, the operator could not give you change because he does not have a 1/10¢. I view gasoline pricing as a false advertising gimmick.
Absolutely right about both. I'm with you! :D
You can buy exactly one gallon if your good with the nozzle but you will lose the fraction of a cent. In with the past weeks pocket change I got a 1930s Wheat penny and a 1970s Canadian penny, I set them to the side although I don't know why.
Magicman it must being rainning alot at your place you have to much time on your hands :D :D Alot of things don't make any sence anymore you figure it out let me know ;D.
10 cents is the smallest NZ coin now.
Once it started costing more to make the coin than it was worth, and they had to keep making more of them because no one bothered spending them, they just sat in jars peoples phones.
Things are still priced a $1.99c at the supermarket. The cash register just rounds the amount up or down to the nearest 10 cents, or you can write a check or pay electronically to the exact cents. $1 and $2 are now coins and those banknotes are gone.
Or -
(https://forestryforum.com/gallery/albums/userpics/10460/IMG_1567.JPG)
I also have a $5 coin from the Cooks too. So logic doesn't have to apply.
If we had only stayed on the gold system a penny would still have real value.
Don't go and get rid of the penny! That is all I got! :D
Quote from: yukon cornelius on April 03, 2016, 08:37:29 PM
Don't go and get rid of the penny! That is all I got! :D
yukon i know the feeling :D :D :D :-\
Lynn,
I wonder how long before we will not use either coins or paper and just do everything electronically. I don't think we are that far off. Sure would make it hard on the drug dealers and such who are very much a cash operation.
I did a project in Norway from 2007-2009 and we did not use checks. I had the only bank account for the project and paid all the bills electronically. If somebody wanted to reserve a ski lodge for the weekend or pay a traffic fine (Parking tickets were typically around $100+ there) they would bring me the cash and I'd pay it on line for them. I'd put their cash in the petty box and use it to reimburse the team members for their reimbursable expenses. It all worked out in the end.
Quote from: gspren on April 03, 2016, 07:24:02 PMYou can buy exactly one gallon if your good with the nozzle but you will lose the fraction of a cent.
Which was my point Gary. Sure, you can pump it, but you can not exactly pay for it. Who has a spare 9/10¢ piece lying around??
I'll get back to sawing tomorrow and I will scratch the ¢¢¢ when I total up the sawing bill.
You mean they have gotten rid of mils? ???
(https://forestryforum.com/gallery/albums/userpics/10125/Various_plastic_sales_tax_tokens_from_the_United_States.jpg)
When the tax man do that? :o >:( :o
It was quite easy to pay correctly for a gallon of gas way back when a gallon was a gallon.
I had to look it up on Wikipedia, but Missouri was the last state to get rid of mils in the late '40's. Wikipedia is wrong because I was born in '48 and can clearly remember them, so they had to be around in the 50's.
Mom would gather me and sis up to go shopping. We rode the city bus sometimes in bad weather. Mom paid the fare and seems like she would run a little short and use mils to pay.
Canada no longer uses the penny,but we have a $1 and $2 dollar coins.Not uncommon to find you 5-10 dollars in change in your pocket.
I like the "Loonies" and "Toonies". As info, the Loonie will be 30 years old next year and the Toonie is 20 years old this year. :P
Quote from: Magicman on April 03, 2016, 10:07:45 PM
I like the "Loonies" and "Toonies". As info, the Loonie will be 30 years old next year and the Toonie is 20 years old this year. :P
As canuck, I like both those coins and wish theyd do the same with the 5. Losing the penny has been a good thing too and wouldn't hurt to lose the nickel.
Now at least the change in your pocket will buy something something under 5 bucks most of the time and you don't end up with a pound of change in your jeans by the end of the week nor does the wallet come out of the hip pocket as often.
I hate it when your change due is ~ $0.98 and the cashier gives you all nickels and pennies instead of a dollar bill
I have been known to have almost twenty dollars in change when it is hard to get at it due to the design of my pockets. Another interesting thing about change now is how often I find dimes. The new dimes are much lighter than when I was a kid and they make very little noise when they land, even on a hard surface. That is the reverse of the toonie, when one of those hits a floor it has a distinct solid sound.
This thread brought back a memory of a long gone great uncle telling me over 50 years ago to take care of my pennies, and the dollars will take care of themselves. it makes a lot of sense, wish I had of had the sense to have listened to him. lol
I still have a dozen pristine $1.00 bills (Canadian). Just for laughs, every 5 years or so I will try to spend one. I've never been turned away yet.
Funny thing though -- usually as I leave I'll see the clerk fishing a loonie out of her purse and swapping it for the dollar bill in the till ;D.
The very first time I went to Canada I stopped in BC and ate supper. I paid with a 20 and had close to 5 bucks coming in change. The cashier thanked me and handed me a few coins, upon which I mentioned she needed to come up with some more money. lol THAT is when I found out about loonies and toonies. lol
I like all the change, I put it in coffee cans.
I just did some quick research, and a dollar in 1900 is equal to about $28 today. That means that a quarter today is worth about what a penny was back then. We could get rid of the penny, nickel, and dime.
The U.S. penny used to be worth more than it's face value, but that was back when they were made of copper, now they're made out of zinc.
Anyone ever notice that a pocket full of change doesn't even "jingle" any more? :-\
I never take change out of my pocket to pay part of the bill it all go's in a coffee can for a year there can be as much as $500 in it.
A friend of mine did it for 25 years the lady at the bank was not happy when we brought in 6 10 gallon cream cans full of coin's :D
On our project in Kristiansand Norway many of the guys did that with their loose coins. A Kroner looked like a penny but was actually worth about 7 cents. They had one coin about the size of a quarter that was worth about $2 so it built up. At the end of their assignment the guys would often bring me their coins to cash out because I had the petty cash and the only bank account. I found the bank had a machine I could dump them in. It would count the money, spit out the foreign coins and give a tally of what I had deposited and put in in my bank account. From that I'd go back and settle up with the guy in paper money. One guy had close to $1,000 he had accumulated in change over the course of his assignment. Many had over $400 built up.
If/when I need a ¼" washer I'll drill a hole through a penny. Store bought ¼" washers cost 3¢.
Quote from: Brucer on April 04, 2016, 12:52:32 AM
I still have a dozen pristine $1.00 bills (Canadian). Just for laughs, every 5 years or so I will try to spend one. I've never been turned away yet.
Funny thing though -- usually as I leave I'll see the clerk fishing a loonie out of her purse and swapping it for the dollar bill in the till ;D.
My Son has a collection of pristine $2 bills. Every once in a while he takes one out and takes it to a restaurant.
Most times the young staff think it is a counterfeit. He does not spend them but it is sure interesting the response they incite.
Quote from: Magicman on April 04, 2016, 08:40:35 AM
If/when I need a ¼" washer I'll drill a hole through a penny. Store bought ¼" washers cost 3¢.
That's against the law. :D
Quote from: Magicman on April 04, 2016, 08:40:35 AM
If/when I need a ¼" washer I'll drill a hole through a penny. Store bought ¼" washers cost 3¢.
Lynn,
A Japanese yen 5 or 50 yen piece already has a hole in it. My son was born in Okinawa while I was stationed there and we mounted his mobile over his crib using a 50 yen piece for a washer.
We had a monument business in NW Fla and Dad would stick the granite pieces together with a sealing compound like a thick caulk. To keep it from squeezing completely out we always put a penny in each corner of every piece of granite as a spacer. Was cheaper than cutting up other shims.
Quote from: Peter Drouin on April 04, 2016, 10:38:32 AM
Quote from: Magicman on April 04, 2016, 08:40:35 AM
If/when I need a ¼" washer I'll drill a hole through a penny. Store bought ¼" washers cost 3¢.
That's against the law. :D
So is the income tax but that's another can of soup O0
When we raise a frame at a site we always place a coin in the corner pocket under a post. The coin must have the year date of the frame:
(https://forestryforum.com/gallery/albums/userpics/10095/D-10.jpg)
When I was doing a timber frame interior job we used a penny as the date marker because a penny is exactly 3/4" in diameter and it is easy to bore a hole:
(https://forestryforum.com/gallery/albums/userpics/10095/DateCoinunderDutchman.JPG)
The above penny was going to be hidden under a "dutchman" patch that was suppose to look like it was holding two timbers together end to end.
Jim Rogers
I have a bunch of 1/2 pennys that my grandma gave me when I would do some things for her when I was little thought i was rich till I got older and learnt how to count and figured out I was getting ripped off :D :D
(https://forestryforum.com/gallery/albums/userpics/20011/DSCN0828.JPG)
During the Cabin Addition "Bedroom Project" I "found" the penny and business card that I put in the wall in 1995.
(https://forestryforum.com/gallery/albums/userpics/20011/DSCN0831.JPG)
And then added a 2015 penny and my present business card when I covered it back up.
Quote from: Peter Drouin on April 04, 2016, 10:38:32 AM
Quote from: Magicman on April 04, 2016, 08:40:35 AM
If/when I need a ¼" washer I'll drill a hole through a penny. Store bought ¼" washers cost 3¢.
That's against the law. :D
You made me look, and there are many answers: It is against the law to Sometimes. According to Title 18, U. S. C. section 331, it is illegal to "fraudulently alter, deface, mutilate, impair, diminish, falsify, scale, or lighten any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States".
The issue with this is what "fraudulently" exactly means. According to the US mint itself, "the mere act of compressing coins into souvenirs is not illegal, without other factors being present" because it probably doesn't entail fraudulent intent.
If you file a penny down to dime size and put it in a vending machine it is fraud and very much illegal. Drilling a hole in a penny and using it for a washer has no fraudulent motive or intent.
So a hole is defacing, lighten, mutilate, I think that's more than compressing.
Call it what you want.
As to collecting pocket change I had a friend who paid for his moose hunt up north every year with quarters salvaged from his pocket change at the end of the day. One year he found he didn't have enough money with just the quarters so he started saving the new loonie. That fixed his problem.
Quote from: 4x4American on April 03, 2016, 10:17:18 PM
I hate it when your change due is ~ $0.98 and the cashier gives you all nickels and pennies instead of a dollar bill
In the great north, since we got rid of the penny, we would get the $1 as change. now if it was .97 cents they would round down and you would get your pocket of nickles and dimes.
Quote from: Stephen1 on April 05, 2016, 07:45:53 AM
Quote from: 4x4American on April 03, 2016, 10:17:18 PM
I hate it when your change due is ~ $0.98 and the cashier gives you all nickels and pennies instead of a dollar bill
In the great north, since we got rid of the penny, we would get the $1 as change. now if it was .97 cents they would round down and you would get your pocket of nickles and dimes.
Same here.
98c change gets you a nice shiny gold coloured coin.
That's good to buy anything worth up to $1.04....
When the young lady in my avatar was four, her Granpa would give her any quarters that he had in his pocket, and she would dutifully put them in her coin bank. One day she and her Mom were going shopping, and as Granpa reached into his pocket he said, "Let me give you some money," and she replied, "Now Granpa, if I'm going shopping I'm going to need the green kind." They grow up so fast. :D
Yes they do! :)
When we are in NZ and I'm in a check out line, I just hold out a handful of change and tell the cashier to take what they need. :D Mighty confusing!
lol lol lol lol Roxie that's hilarious
Quote from: Den Socling on April 05, 2016, 08:03:05 PM
When we are in NZ and I'm in a check out line, I just hold out a handful of change and tell the cashier to take what they need. :D Mighty confusing!
Den,
Unfortunately our clerks are pretty poor at math these days and I routinely confuse them by giving them small change to reduce the small change I get back. If the bill is $4.87 and I give them $5.12 they often try to give back the 12 cents and tell me the $5 will cover it. Then they seem amazed that the change is a singe quarter. Our clerks push a picture on the cash register and type in the money received and the cash register tells them how much change to give back. If there is a power outage they are lost.
Well, WV-S, since our DanG Governor Andrew Cuomo signed into bill the $15 minimum wage, we won't have to worry about clerks who can't compute change in their head, because surely anyone worth $15/hour will be able to do simple math...
smiley_lit_bulb stupid_smiley arg-smiley
In Rarotonga they sell drinking coconuts for $2. If you pay with a $5 coin you might get a $3 Note as change. :D
Quote from: scgargoyle on April 04, 2016, 06:36:17 AM
I just did some quick research, and a dollar in 1900 is equal to about $28 today. That means that a quarter today is worth about what a penny was back then. We could get rid of the penny, nickel, and dime.
So if a 1930s Buck is worth about 30 ish bucks today that would make the the average wage for a week back then about $700 to $900 in todays world. At $15 bucks an hours for 40 hours (and 40 hour work week didn't exist back then) is $600 bucks in todays bucks.
Kinda looks like the minimum wage is still not keeping pace with inflation.
To equal the 1930 wage the minimum wage today would need to be about $18.75 an hour in todays world. Maybe thats why its hard to find good help!
Bandit
Maybe in Canada.
In the US the minimum wage law was passed in 1938. It was 25 cents per hour. 25 cents times 30 equals $7.50 per hour.