Where do all the circulation coins go?

Is that even legal?

 

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Someone please send me my 668 pennies so I can go through them. LOL

 

https://www.metropcs.com/auto-pay.html

 

Can I hold everyone's and sort through them all. Then I can distribute them if asked.

 

This is true. Between two cards I have accumulated over $1500 in cash back rewards in the last year or so - pay everything off before interest charges and save the rewards money for home improvement. My cards pay the rewards each month, I don't have to wait till the end of the year. One offers 5% back on certain purchases each quarter, like gas or groceries. One quarter it was even TV/Cable bills!

 

Think I'm with the kids who don't yet have cards !!!

 

Look at it this way, how many operating cash registers are in America today? Each one of those distributes coinage on a daily basis and is likely replenished with bankroll coinage on a daily basis as well. That's a whole lot of change that banks need to continually supply throughout the country. Yes they get some of it back from coinstars and whoever still rolls and returns their coins. But I bet a lot more goes out than ever comes back in.

 

You're all wrong.
coins end up going to coin heaven

 

Except that, I live in a highly populated area (near Dallas) & bank @ CapitolOne (for now)….about once a month I have to go inside & there is never more than one customer in front of me. In fact, sometimes the tellers are greeting me from across the lobby as I am opening the door, & there is no one else inside! They're all sitting there twiddling their thumbs!

 

Yeah, agreed, I never met a coin I didn't like!

 

There's not really that many in circulation....it seems like half of the population is on a CT error thread!

 

Every area is different and do experence peak and off peak times.
I can only speak to what I see in the area that I live. The credit union I deal with you see no tellers! Unless they turn on the monitor as all the tellers are up stairs. No coin transactions using the tube system. There is a coin counter in the lobby.
Every food store in my state ,D.C. and Northern Va. Have coin stars or a coin counter, some have branch banks or credit unions within the food store.

 

No longer true - if it ever was.

Your MERCHANT AGREEMENT prohibited charging a fee, however you could offer a discount for cash.

STATE LAW may prohibit charging a fee, e.g. https://www.texasattorneygeneral.gov/cpd/credit-cards

 

I always wonder why coins are so easy to get. It takes an EXTREMELY small number of coins being lost, destroyed, or hoarded to consume the entire annual mint production. There are roughly 82.5 million households in the country (assuming a population of 330 million and four people on average per houshold). So how many coins would you think have to be stashed to consume an annual mintage of 12 BILLION coins? Would you believe less than 3 coins per WEEK per household.

You come home after one day and throw your change in a jar, and say you toss in a nickel and four pennies. That is the entire coinage "allowance" for your entire household for two weeks! Do that for five days, you have 25 coins and ten weeks worth of coins for the whole household. If each person in the household does the same thing in five days you have accumulated almost your entire annual "quota" of coins.

 

Well, I don't know where this one has been, but my patience paid off at Walmart just an hour ago when a store employee assisted an older lady with the Coin Star machine. The woman had thousands of coins that looked like they might have been mostly pennies, based on what I could overhear about 15 feet away. I remained quiet so as not to alert them to my presence, and I had my fingers crossed as the store employee tore off the paper from the machine and handed it to the customer. Bingo! She didn't look in the reject bin. As the employee escorted the lady to customer service to redeem her CS ticket, I sauntered over to the machine where I spied a dozen or so round brown objects, one of which was the reverse of a very nice looking Wheatie.

I didn't want to blow it by jumping up and down excitedly so I just put my bounty in my pocket and made it out the door. It's a 1929S in VF condition, and I wonder just how it was that the coin has been able to make it these past eight decades without being badly ravaged.

Sorry, no pics; I have neither the skills nor equipment needed to deliver a decent photo.

 

Don't know if it's more, but I agree a lot cents are replenishing copper and zinc in soils and a lot are in landfills. I've seen dozens of folks walks by a cent in a parking lot. No interest in recovering it at all.

Then there's the old joke about an aggie tossing coins in a public potty .... never mind.

Cal

 

Wow, let me see if I got this right. An elderly person who really didn't understand how to operate the Coin Star machine need help from a store employee and instead of maybe helping her yourself you decided to lurk nearby hoping that there would be something of value in the reject bin. I'm sure you replaced your 1929S with a coin from your pocket so not to get caught STEALING from the Coin Star machine. Hopefully you are just telling a tongue in cheek story.

 

Yes people leave a coin machine and fail to check the reject bin. As you stated, an older woman needed assistance. You didn't offer to help her but rather choose to hover like a vulture waiting to get to its prey. Great, you scored a nice cent. I hope the effort was worth it. As for me, I feel more sorry for you more than her! May your kindness be replaced one day by someone just like you.
And then you brag about it. DISGUSTING ABSOLUTELY DISGRACEFUL

 

Technically, all he would have to do is insert one penny into the machine so he could say he had used it. Then, any coinage in the reject bin is his since there's no way to determine what rejects are his or from other customers. He has the right to whatever is left accessible to him in hat machine.