Cash has just five years left, warns ATM boss

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Riedquat
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Re: Cash has just five years left, warns ATM boss

Post by Riedquat »

McAvoy wrote: Mon Sep 05, 2022 3:22 am
Yeah. No one is going to carry a pocket full of pennies. What usually happens is the penny is given as change and may be reused on a SD ond or third purchase. If not the consumer goes home and empties out the pockets and it goes into a change jar.

Women may be the only real user of the penny due to carrying a change purse, or something that can carry change long term.

I am one of those that empties out my pockets at the end of the day and do not carry change at the start of the next day. So yeah I got a water jug of pennies. Just like my parents who have about three of them now. Also my Dad has about eight Chinese plastic containers of all change.
Coins come in, coins get spent. I don't really see the point of emptying out change, it just stays in the coin section of my wallet until it gets spent.

That said low value coins have become too close to worthless to be worth retaining. I'm looking at it from a British perspective but the difference isn't great. Probably not worth keeping 1p and 2p coins. In an ideal world there'd be a complete re-evaluation, since the largest single unit in most currencies is rather small these days but that's a lot of upheaveal for little practical gain.
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BridgeConsoleMasher
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Re: Cash has just five years left, warns ATM boss

Post by BridgeConsoleMasher »

Riedquat wrote: Mon Sep 05, 2022 6:51 pm
McAvoy wrote: Mon Sep 05, 2022 3:22 am
Yeah. No one is going to carry a pocket full of pennies. What usually happens is the penny is given as change and may be reused on a SD ond or third purchase. If not the consumer goes home and empties out the pockets and it goes into a change jar.

Women may be the only real user of the penny due to carrying a change purse, or something that can carry change long term.

I am one of those that empties out my pockets at the end of the day and do not carry change at the start of the next day. So yeah I got a water jug of pennies. Just like my parents who have about three of them now. Also my Dad has about eight Chinese plastic containers of all change.
Coins come in, coins get spent. I don't really see the point of emptying out change, it just stays in the coin section of my wallet until it gets spent.

That said low value coins have become too close to worthless to be worth retaining. I'm looking at it from a British perspective but the difference isn't great. Probably not worth keeping 1p and 2p coins. In an ideal world there'd be a complete re-evaluation, since the largest single unit in most currencies is rather small these days but that's a lot of upheaveal for little practical gain.
There are also issues of optimization, aside from what you can afford at the dollar store.


The difference measured in coins is quite significant, volume wise.
..What mirror universe?
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