Stump Water Posted February 11 Posted February 11 1 hour ago, Rye Miles #13621 said: So everything will be ending in 5 ? No. Sales tax. Therefore everything should stay the same. But, if this sticks, lots will certainly use it as an excuse to round up. 2 Quote
Cypress Sun Posted February 11 Posted February 11 2 hours ago, Cold Lake Kid, SASS # 51474 said: We did the same thing here. 5s; 10s; 20s;50s and 100s We can now really launder the money, (in cold water, 'cause it's made of a vinyl and will shrink in hot water or the dryer. No wonder they make them out of vinyl and ya'll have to wash them....they all say SPECIMEN. 2 Quote
Wallaby Jack, SASS #44062 Posted February 12 Posted February 12 (edited) 8 hours ago, Pat Riot said: My 2¢ Wait, if they dump pennies my 2¢ will be a nickel? Or a dime? Or not worth a da**? ......... well, my 2c will cost you $37.89 AUD ................ or, 5UScents. 🙃 Edited February 12 by Wallaby Jack, SASS #44062 stutter 1 Quote
Wallaby Jack, SASS #44062 Posted February 12 Posted February 12 8 hours ago, Cold Lake Kid, SASS # 51474 said: We did the same thing here. 5s; 10s; 20s;50s and 100s We can now really launder the money, (in cold water, 'cause it's made of a vinyl and will shrink in hot water or the dryer. same here same warnings be careful how you dry your money after laundering it (ours don't have "specimen" written on them) 🙃 3 Quote
Wallaby Jack, SASS #44062 Posted February 12 Posted February 12 7 hours ago, Stump Water said: No. Sales tax. Therefore everything should stay the same. But, if this sticks, lots will certainly use it as an excuse to round up. oh yes, we have a GST of 10% on EVERYdangTHING !!! and it IS included in the advertised price beforehand ( required by law ). 😐 Quote
Cold Lake Kid, SASS # 51474 Posted February 12 Posted February 12 13 hours ago, Wallaby Jack, SASS #44062 said: same here same warnings be careful how you dry your money after laundering it (ours don't have "specimen" written on them) 🙃 I didn't want SASS and Misty to get more Lawyers Letters or threats to sue, if I posted pictures of the fungible bills. Quote
PowderRiverCowboy Posted February 12 Posted February 12 Pocket change Pun intended wait until you find out that we send the Taliban by plane in cash 40-87 million a week. 1 Quote
John Kloehr Posted February 12 Posted February 12 On 2/11/2025 at 9:45 AM, Chili Ron said: Or get to the root of the problem and stop inflation......no problem....right?? 22 hours ago, Rye Miles #13621 said: A penny for your thoughts? Can't really stop inflation if it is a penny for your thoughts but everyone wants to put their two cents in. 1 Quote
Rye Miles #13621 Posted February 12 Posted February 12 (edited) I doubt this will ever stop penny production. The POTUS can’t do this with an ex order, I believe congress would have to okay this. https://www.npr.org/2025/02/10/nx-s1-5292082/trump-penny-mint-treasury Edited February 12 by Rye Miles #13621 Quote
Wallaby Jack, SASS #44062 Posted February 12 Posted February 12 so .......... how long will a 10 penny nail be now ? 🙃 1 Quote
Sedalia Dave Posted February 12 Posted February 12 58 minutes ago, Wallaby Jack, SASS #44062 said: so .......... how long will a 10 penny nail be now ? 🙃 THE PENNY SYSTEM Understanding the penny nail requires a look back to England in the late Middle Ages. In the 1400s, the price of 120 nails was measured in pennies, or “pence.” Like today, larger nails sold for higher prices. The penny number is simply the price of 120 nails of a given length in historic England. Though the exact timing and circumstances are lost to history, what started as simple, standard pricing for various lengths of hand-forged nails became a naming convention that would last for more than 500 years and counting. On the low end, 1-inch nails were sold for 2 pence per 120 nails. That’s how 2-penny or 2d came to describe nails that are 1 inch in length. On the high end, six-inch nails were sold for about 60 pence per 120 nails, which is why 60-penny or 60d nails refer to 6-inch nails today. From 2d to 16d nails, the penny size increases by one to two for every ¼-inch of length added to the nail. For 20d nails and longer, the penny size increases by 10 per ½-inch of length. Here is a handy chart for reference – if you’re new to penny sizes, you can print it out and place it on your toolbox. 2d = 1” 10d = 3” 3d = 1-¼” 12d = 3-¼” 4d = 1-½” 16d = 3-½” 5d = 1-¾” 20d = 4” 6d = 2” 30d = 4-½” 7d = 2-14” 40d = 5” 8d = 2-½” 50d = 5-½” 9d = 2-¾” 60d = 6” WHAT DOES THE “D” MEAN? In writing, the word “penny” is typically abbreviated as “d.” This is a reference to the Latin name of the most common silver coin used in ancient Rome, the denarius. When speaking, most people pronounce the “d” as “penny.” 1 Quote
Texas Joker Posted February 12 Posted February 12 If you knew what Penny sizes were without reading that you might have had a hammer thrown at ya once or twice. 2 Quote
Still hand Bill Posted February 12 Posted February 12 I believe a while back a penny was worth more as scrap zinc than the $.01. Personally I think it’s far past time to do away with them. I refuse to use them and toss them in the trash. With the way the dollar has devalued a quarter should be the lowest coin used. The irs already doesn’t use any value less than $1 for tax purposes. Quote
Texas Joker Posted February 12 Posted February 12 Find a penny pick it up Then all day you'll have good luck 1 Quote
Cypress Sun Posted February 12 Posted February 12 (edited) 3 minutes ago, Texas Joker said: Find a penny pick it up Then all day you'll have good luck Only if it's heads up. Tails up has the opposite effect. Edited February 12 by Cypress Sun 2 Quote
Blackwater 53393 Posted February 13 Author Posted February 13 Somewhere in my mom’s house are a couple of old old coin banks from the 1950s. One of them has buffalo nickels in it and the other has old wheat pennies including a few steel pennies. I don’t care to search through 70 years of accumulated stuff at this time, but I have made it clear that those are mine!! I collected them as a kid and they’re put away for me! 3 1 Quote
Rye Miles #13621 Posted February 13 Posted February 13 12 hours ago, Texas Joker said: Find a penny pick it up Then all day you'll have good luck I always do, I just can’t let it lie there! 4 Quote
Cypress Sun Posted February 13 Posted February 13 1 hour ago, Rye Miles #13621 said: I always do, I just can’t let it lie there! I can't leave it there either, I always pick up all change that's sitting on the ground, even tails up pennies. I figure that I've picked up about $20 worth of coin over the last 20 years. FWIW, car washes with the self vacuums seem to have an inordinate amount of discarded change for some reason. Every time I've ever done electrical work near the vacuums, I've always walked away with at least $1.00 (mol) of ground change. 3 Quote
Rye Miles #13621 Posted February 13 Posted February 13 My uncle used to say, pennies make nickels, nickels make dimes, dimes make quarters and quarters make dollars! 3 Quote
Marshal Mo Hare, SASS #45984 Posted February 13 Posted February 13 15 hours ago, Still hand Bill said: I believe a while back a penny was worth more as scrap zinc than the $.01. Personally I think it’s far past time to do away with them. I refuse to use them and toss them in the trash. With the way the dollar has devalued a quarter should be the lowest coin used. The irs already doesn’t use any value less than $1 for tax purposes. That was when they were copper. Quote
Sedalia Dave Posted February 13 Posted February 13 15 hours ago, Still hand Bill said: The irs already doesn’t use any value less than $1 for tax purposes. Not exactly true. The IRS rounds all values to the nearest dollar. From a processing standpoint this makes sense as they can do away with the decimal point and all the errors caused by its accidental omission when doing calculations. Quote
H. K. Uriah, SASS #74619 Posted February 13 Posted February 13 I turn in my change once every 12 to 18 months. (This paid for my last round of Factory letters!) Usually about a $1000 of value, give or take a couple of hundred depending on how long I let it pile up. (I always save my change and pay cash for almost everything.) It's essentially found or free money. Usually there's about 20 to 40 dollars worth of pennies. Quote
Rye Miles #13621 Posted February 13 Posted February 13 I have a manual coin sorter. It’s got plastic tubes for the different coins. You drop in mixed coins and crank it as they fall into the proper tubes. When the tube is filled I put them in a roll and take them to the bank when I get about $50.00 Right now I have $28.00 rolled It’s a really neat little machine! 1 Quote
Cypress Sun Posted February 13 Posted February 13 My spare change paid for all but $100 of my first new 1873 Uberti rifle. Back then they were $750 brand new (stock, no add ons). 1 Quote
Earl Brasse, SASS #3562 Posted February 13 Posted February 13 I saw a special on TV about pennies a few yers ago. There are people & corporations that have pallets 4x4 of copper pennies in warehouses & barns. They are waiting for them to be declared legal to be melted for bullion value. They are figuring long term investment. They were betting to make 3-5 times their money in 7 to 10 years. 1 Quote
Sedalia Dave Posted February 13 Posted February 13 My great Uncle Ralph saved all his change. Every day when he arrived home he put all the change into a coffee can. When it was full he would dump it into larger containers. After his death we discovered that over his lifetime he had accumulated at least 12 55 gallon drums full of of change plus several 5 gallon containers of change. I have no idea how much it was worth as someone in the family took it the same night he died. All we found was the marks on the floor of the barn where they had been. Only time I am aware of where he spent any of his change was in the 1950s. As that's when he bought his first new car. Took a wheel barrow of change to the dealership to pay for it. Grandma said that the dealership was not happy when he told them that he had no idea how much money was in the wheel barrow but that after they counted out the cost of the car he'd be back for his wheel barrow and the extra change. Took then two day to count out the 650 odd dollars that the car cost. 1 Quote
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