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Old 11-12-2007, 02:38 AM   #41
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I just spend the coins as they come in, so they never accumulate.
Stores don't mind receiving change, it helps them out.
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Old 11-12-2007, 08:11 AM   #42
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I rarely take coins with me, and usually pay with bills or CC. DW has coins in her purse and will try to pay exactly, or add coins to my bills to avoid getting coins back. The change I bring home goes in to a tall decorative jar in the bedroom. When full every 8-10 months or so, we'll roll it (it typically holds about $200). When the kids were still home, we'd roll it with them and plan a special outing to a water park, ball game, etc., to use it. Nowdays we'll do a weekend getaway with it, of maybe just put it in the bank, or whatever. Works for us.
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Old 11-12-2007, 09:15 AM   #43
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I was thinking to start saving quarters for DD about to enter college, but most of those machines probably take their student cards these days, don't they?
Nope! Start saving those quarters for the dorm's laundry machines - I've never seen one that uses the student cards; they still operate with quarters.

One of the most appreciated graduation gifts my DD received was 5 rolls of quarters!
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Old 11-12-2007, 09:30 AM   #44
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The coinstar machines in the supermarkets around here charge no surcharge if you take payment in a gift card. Options include itunes, amazon, starbucks, LNT, etc.

Coinstar : Our Products : FREE Coin Counting when you turn coins into a Gift Card or eCertificate

So when my coin jar gets full, I take it with me to the grocery store. Dump it in, get either an amazon card if i'm planning to buy something from them or an itunes card for the wife.

I always keep a few quarters in my pocket these days though. SOMEBODY is very interested in the 'canny machines'...

There may not be any coinstar machines near you, but somebody probably has a similar setup.
Cool, I did not know this! Looks like my nephew is getting an iTunes card for Christmas with some loose change.

You can also donate to one of the charities they list at many of the Coinstar machines. I assume you get a receipt for taxes.
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Old 11-12-2007, 09:41 AM   #45
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I have a basket that I tend to throw loose change in. My daughter tends to take it out. I did manage to hide loose pennies in a decorative jar and accumulate those. But, the other day she said, "hey what are you doing with the loose pennies these days?" Now she knows where they are so they will slowly disappear too.
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Old 11-12-2007, 09:50 AM   #46
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I have 40 pounds of pennies.
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Old 11-12-2007, 10:12 AM   #47
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Nope! Start saving those quarters for the dorm's laundry machines - I've never seen one that uses the student cards;

You have never been to my school then.
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Old 11-12-2007, 10:50 AM   #48
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I have 40 pounds of pennies.
Why? Time to lug them over to your bank and deposit them!
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Old 11-12-2007, 10:52 AM   #49
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I have a crystal vase in a drawer I throw all the change in. When it gets full I take it to the bank, and keep 10% of it for me, and put 90% of it in the kid's custodial accounts.
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Old 11-12-2007, 10:55 AM   #50
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At the rate the dollar is falling, soon there won't be a need for change...
everything will be rounded off to the nearest $1 - $5 - $10 - $100 !!
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Old 11-12-2007, 10:59 AM   #51
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I have 40 pounds of pennies.

The copper is now worth more than the value of the pennies.

If I were you, I'd keep them.
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Old 11-12-2007, 11:23 AM   #52
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The copper is now worth more than the value of the pennies.
Only if they are from 1981 or earlier, when pennies were made with 95% copper. The copper in them is worth about 3 cents each at current prices. However, since 1982 pennies have been made almost entirely of zinc.
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Old 11-12-2007, 11:48 AM   #53
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Exploding piggy-bank aims to scare Japanese into saving - Yahoo! News

This oughta solve all the problems.
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Old 11-12-2007, 11:52 AM   #54
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Only if they are from 1981 or earlier, when pennies were made with 95% copper. The copper in them is worth about 3 cents each at current prices. However, since 1982 pennies have been made almost entirely of zinc.

You're right... exchange the 1982-2007 pennies for nickels

Current Melt Value Of Coins - How Much Is Your Coin Worth?
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Old 11-12-2007, 01:49 PM   #55
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I use cards mostly too - but with change they go in my wallet (and gets used as much as possible, which I guess may annoy the people behind me in line...) or the ash tray in the car - which gets used a lot too - every time we go through a drive through or my dad uses it to help pay for gas...so it's often empty.
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Old 11-12-2007, 03:16 PM   #56
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You're right... exchange the 1982-2007 pennies for nickels

Current Melt Value Of Coins - How Much Is Your Coin Worth?
Actually that was the 1982-2007 nickles which are worth around 6 cents. The
newer pennies were worth like 69% of a penny. So still not worth melting them down
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Old 11-12-2007, 03:19 PM   #57
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The copper is now worth more than the value of the pennies.

If I were you, I'd keep them.
I'm keeping 'em. DW's fourth graders are fascinated by them.
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