My vote is for abolishing pennies.
Today I cashed in about 5500 pennies and 100 nickels at a coinstar machine. If you accept an Amazon gift certificate or Starbucks card instead of cash, you get 100% of the value (and you do not have to get in line at the market where the machine is located, the coinstar machine prints out your certificate). So I got a ~$60.00 Amazon certificate redeemable on-line for anything Amazon offers. Not bad!
It probably took at least 10 minutes for the machine to count those ~5600 coins and about 50 got rejected (dirty pennies), which I just took home with me. The coins had just been sitting there for years, taking space and losing 3% per year to inflation.
I probably have 300 dimes or so which I have not yet decided to trade in via coinstar -- they are so much easier to carry (I travel light). I originally had over $200 worth of quarters, but when I moved to an apartment, I just started using them for laundry and I have reached quarter equilibrium.
For someone like me, this whole coinstar amazon thing is fantastic.
Kramer
Today I cashed in about 5500 pennies and 100 nickels at a coinstar machine. If you accept an Amazon gift certificate or Starbucks card instead of cash, you get 100% of the value (and you do not have to get in line at the market where the machine is located, the coinstar machine prints out your certificate). So I got a ~$60.00 Amazon certificate redeemable on-line for anything Amazon offers. Not bad!
It probably took at least 10 minutes for the machine to count those ~5600 coins and about 50 got rejected (dirty pennies), which I just took home with me. The coins had just been sitting there for years, taking space and losing 3% per year to inflation.
I probably have 300 dimes or so which I have not yet decided to trade in via coinstar -- they are so much easier to carry (I travel light). I originally had over $200 worth of quarters, but when I moved to an apartment, I just started using them for laundry and I have reached quarter equilibrium.
For someone like me, this whole coinstar amazon thing is fantastic.
Kramer