http://www.usatoday.com/story/news/...es-pennies-hes-been-saving-45-years/74727160/ Found this paragraph interesting... I have never heard of this U.S. government offer!!! Anyone remember this?
Why? I maybe understand this for silver coins in 1965 but for cents in 1982? I mean I know there was a copper switch but I don't think it was worth it to melt them down back then.
Banks were offering premiums in order to supply their commercial customers. The only reason banks handle change is for their business accounts, something roll hunters should always remember. Commercial account profit is the only reason banks spend money to have change available, so a roll hunter is literally costing a bank money. Remember this, be nice to them, if you continue to want the privilege of getting change to search.
As I remember, it was not for all coins but cents. I think it was because people were hoarding them due to the metal change. People don't have to have intentions of melting coins in order to hoard them. Not too long ago they were hoarding nickels. Gresham's law is still in effect.
