When Americans travel, our money goes with — and not just in a metaphorical sense. Where people go, coins get left behind. Meanwhile, the pennies we drop at home get swept into trash heaps and scrap yards, falling out of sight and out of mind. But that doesn’t mean they don’t exist — and even if they’re beat up, it doesn’t mean they lose their value.
When you think of the company Brink’s, you probably imagine their employees protecting money from bank robbers, bad guys, and other ne’er-do-wells. But according to the Federal Bureau of Investigation, one former Brink’s Company employee is on the other side of the equation, after allegedly stealing almost $200,000 worth of quarters while on the job. [More]
A 73-year-old man in Louisiana did not originally start saving all of his pennies as a fun personal finance hack. He says that he began the habit 45 years ago as a reminder to pray every day. His collection grew with the help of a friend who had a similar collection of nickels and by simply holding on to every penny that passed through his hands. [More]
Local Official Thinks It’s Uncool To Pay $25 Parking Ticket In Pennies, But Affirms Man’s Right To Do So
A Pennsylvania man who was rebuffed when he tried to pay a $25 parking ticket he owed to his borough entirely in pennies should’ve been able to use those coins, a local official said, but really, it was kind of rude for him to do so.
Finding one coin among all the others filling the coffers of toll booths is kind of like finding a needle in a haystack. Or really, it’s like finding one particular coin out of a bunch of others. But that’s just what one husband did after his wife had to use a coin with sentimental value to pay a toll. [More]
Have a million dollars to spare? Then you might be able to get your hands on a coin from the mysterious $10 million buried treasure unearthed in California last year. [More]
There is only one thing that happens when someone gets an affirmative reply to the question, “Do you accept change for payments?” You can be pretty darn sure the answer will be met with a whole lot of coins getting dumped on the counter, something one town wasn’t ready to deal with when a resident paid her $200 sewer bill almost entirely in loose coins. [More]
When rusty cans filled with uncirculated gold coins show up seemingly out of nowhere, people are going to ask questions. Then they’ll come up with their own answers. When one amateur historian speculated that the massive hoard of gold coins found in California could have come from a 1901 inside theft at the United States Mint, it captured the public’s imagination. Mostly because that would mean the couple would have to surrender the entire find to the U.S. government. [More]
First of all, we’re not really friends with the U.S. Mint because it’s not a person and besides, we’ve never met it and thus have no idea if it would even laugh at all our jokes or if it likes a nice glass of wine. Everyone likes money though — unless that money looks funny. Say, a brown nickel? Would that throw you off, would you reject it as a currency? Because the Mint would like to know. [More]
As the prices of precious metals began to take off in recent years, so did the number of less-than-legitimate buyers and sellers of coins. These scammy individuals, often ex-cons, tarnished the industry by misleading people into selling their valuable coins for a fraction of what they were worth, along with instances of theft and fraud. This week, Minnesota begins implementing a new law that hopes to discourage these people from getting into the business by requiring criminal background checks. [More]
Sure, after you check for silver quarters, you could roll up the coins in that jar you’ve got on the counter and deposit them in the bank. You could take them to a coin-counting machine at the bank and deposit them in your savings account. You could even dump them in a fountain, making hundreds of wishes in the process. But the folks behind Coinstar’s ubiquitous machines hope that you’ll take your spare change–and maybe a few bills–and deposit it in your PayPal account. [More]
In spite of decades of studies showing the long-term cost benefits of dollar coins over Federal Reserve Notes, and the fact that most of the world’s leading economies have already switched to coins for similar denominations, the U.S. has remained steadfast in its use of printed dollar bills. So once again, lawmakers in the Senate are making the push to gradually make the transition from print to mint. [More]
You see this sign offering ice cream cones for only a quarter and it sounds like a pretty flippin’ awesome deal. But then you notice that the store is only looking for quarters from 1964 or earlier, and if you have one of those lying around, you might want to consider just how much you value ice cream. [More]
Back in 2010, with the tenth anniversary of the Sept. 11, 2001 attacks on the horizon, Congress authorized the U.S. Mint to produce and sell a commemorative medal. But that didn’t stop one company from advertising imitation versions it called “exclusively authorized” 9/11 commemorative dollar coins. [More]
If there was a common currency* used in Middle Earth, Bilbo Baggins and Gandalf the Grey would’ve totally been famous enough to have their faces grace coins all over the land. But back here on regular old boring Earth, they’re important enough in New Zealand to be featured on actual legal tender, as well as a new set of stamps to commemorate the upcoming The Hobbit: An Unexpected Journey.
Here at The Consumerist, we have a long-standing anti-penny stance, but we’re somewhat in favor of the gold-colored dollar coins. They’re shiny! The Sacagawea ones have a woman on them! They save the government money! Except a new Government Accountability Office report mentions something interesting that we haven’t discussed here before. Just replacing more fragile dollar bills with durable coins doesn’t save any money at all. Minting and distributing all of those coins costs a lot. Instead, all of the cost savings would come from Americans throwing dollar coins in jars instead of circulating them.
The Canadian “give a penny, take a penny” tray industry has just been hit with some sad news. The new federal budget for our neighbors to the north has done away with the coin that costs more to make than it’s actually worth.