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ForumsDiscussion Forum → Get rid of the penny?
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Get rid of the penny?
2005-06-12, 10:22 PM #41
the US government has tried numerous attempts to get dollar coins into currency/market.

I believe they're starting another one soon.

The only two I can remember are the Susan B. Anthony and Gold Sacageweeah (SP) dollar coins.

Random fact :P

as someone else said, until people start using hte money instead of COLLECTING hte money, it will not become mainsteamly used.
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2005-06-12, 10:23 PM #42
Quote:
Have you or your acquaintences worked in a position handling a cash register?


Yeah, for four years, and I would not have any trouble sending you on your merry way if you refused to pay for what you are responsible for.
"it is time to get a credit card to complete my financial independance" — Tibby, Aug. 2009
2005-06-12, 10:33 PM #43
What bothers me the most about the one dollar coins the US has tried introducing, other than the Susan B. Anthony, is that they are huge. The Sacagawea dollar was a large coin. Too many of those gets really annoying. Same thing with the 50 cent coin, which I actually had one lady come to my register and pay $9.00 in 50 cent coins.

As for 100s and 50s, I just put them in the slot with the checks. They're supposed to go under the checks, but frankly, I don't really care. My drawer only opens to give out change, and I'm standing right there, counting money. I don't think anybody is going to be foolish enough to grab for a fifty or hundred with me right there.

Some years ago I spent a summer in Poland. Coin denominations were .01, .02, .05, .10, .20, .50, 1, 2, and 5 zloty. It worked well because the higher denomination coins were of reasonable size and were distinct. That's somthing the US has as of yet failed to do.
Marsz, marsz, Dąbrowski,
Z ziemi włoskiej do Polski,
Za twoim przewodem
Złączym się z narodem.
2005-06-12, 10:40 PM #44
Quote:
Originally posted by Freelancer
Yeah, for four years, and I would not have any trouble sending you on your merry way if you refused to pay for what you are responsible for.

So. You'd be that much of a stickler if I walked up to you and my total came out to $X.02 and I was but two cents shy and demand I cough up those two cents or walk away and leave the stuff?
Code to the left of him, code to the right of him, code in front of him compil'd and thundered. Programm'd at with shot and $SHELL. Boldly he typed and well. Into the jaws of C. Into the mouth of PERL. Debug'd the 0x258.
2005-06-12, 10:43 PM #45
Pound coins are pretty small, and although the 50 pence piece is a lot larger, its light too. the 20 pence piece, and 10, are also pretty small. I'd expect a 5p to be about the same size as a cent, with the 1p being a bit larger. Not sure how heavy the 1c is though.

£2 coins are a bit big I think, and we dont really need them. Theres always £1 coins or £5 notes.

Usually if I'm going to be given anything less than five pence in change back, I just tell them to keep it or put it in the donation boxes. Shrapnel like that just goes into a jar on my desk anyway and sits there.
"Whats that for?" "Thats the machine that goes 'ping'" PING!
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MCMF forever.
2005-06-12, 10:52 PM #46
Yeah, JG. Buy something cheaper or leave something behind. Do you really need that tabloid? Thought not. The fact of the matter is, if you can't pay for it, DON'T BUY IT. Although if it's all right with my company I would be glad to offer a payment plan for you. Pay back the two cents within the month, plus one-hundred percent interest compounded continuously. Sound ridiculous? So does your demand that a business cover YOUR EXPENSES. FOR NO APPARENT REASON. And other consequences which you fail to consider, such as what is going to happen to the cashier whose till is short at the end of his/her shift.
"it is time to get a credit card to complete my financial independance" — Tibby, Aug. 2009
2005-06-12, 11:03 PM #47
Quote:
Originally posted by Freelancer
Yeah, JG. Buy something cheaper or leave something behind. Do you really need that tabloid? Thought not.

Hahahahaha.

So. I want to purchase a item. My item costs $2.02. I dig around my pocket I pull out two dollars. I dig around pockets more. Uh oh, I'm shy two cents. Now. I'm told to pay the missing two cents or leave the item behind or purchase something < $2. So I find something < $2. I purchase that item for $1.50 (we're discluding tax for simplification). So while you saved the company the missing two cents, you didn't gain the extra two quarters offered by the other sale. Worse yet, I could have been discouraged or pissed at you for not lending a very small aid and just walked out, thus the store didn't get that sale at all. Yet, had you helped me, you would have gotten the full $2 sale and probably the missing two cents could have been easily found on the floor of the store as you swept up.

You say that I'm demanding that the buisness cover for my lack of two cents. I know full well that the business has the right to refuse me service. Push comes to shove, they say fork over the two cents, fork it over or you get ****. But, all I'm asking is that I'm just a little shy. I would be most appreciative if you can help me out in the instance. And if so, I would be, And I would come back to your establishment. Of course I would take effort to provide enough for you on next purchase. But you were friendly to me by assisting me instead of being a hardass and demanding that I cough up two measily cents or leave or get something cheaper.
Code to the left of him, code to the right of him, code in front of him compil'd and thundered. Programm'd at with shot and $SHELL. Boldly he typed and well. Into the jaws of C. Into the mouth of PERL. Debug'd the 0x258.
2005-06-12, 11:12 PM #48
Reasonable people do not demand a 1% discount.

Fortunately, most people know what they can afford before they buy it. Thus, this little situation very rarely occurs. I do not care if I again see the business of those who refuse to pay for their items like everybody else, because they are leeches.

Funny that you mention saving the company 48 cents by caving into the inane demands of people. Ever heard of incentives? One place I've worked gave you a few dollars of in-store credit for a perfect till. Woohoo, save the company 48 cents once a month (and that's extremely liberal) versus jipping the cashier a few dollars. Way to go!
"it is time to get a credit card to complete my financial independance" — Tibby, Aug. 2009
2005-06-12, 11:22 PM #49
I see..

Anyway, we're starting to derail the thread, if you wish to argue your points to me, PM them. We should get back on topic about what the OP stated.
Code to the left of him, code to the right of him, code in front of him compil'd and thundered. Programm'd at with shot and $SHELL. Boldly he typed and well. Into the jaws of C. Into the mouth of PERL. Debug'd the 0x258.
2005-06-12, 11:22 PM #50
Quote:
Originally posted by Freelancer
And other consequences which you fail to consider, such as what is going to happen to the cashier whose till is short at the end of his/her shift.


Actually, funny story, I work as a cashier for Walmart. Some time ago, I was short $19.33 in my till. I have no idea how it happened. I suspect I accidentaly handed out two twenties when I was only supposed to give out one, and the 77 cents was miscounted change during the day. I just signed a slip acknowledging that I was short, and that was it. Also, considering that I rang up $2500+ in cash sales alone, well over $10,000 on all sales that day, twenty bucks really didn't make a difference. Plus, it was Walmart, a company that has more money than it knows what to do with.

However, there is something to be said for floating people change, or rather, not doing it. I don't mind the take-a-penny give-a-penny dishes at gas stations, but I don't think businesses should float anybody any money. It's the principle, for one.

Quote:
So while you saved the company the missing two cents, you didn't gain the extra two quarters offered by the other sale.


While this is true, the store still has the item which cost $2+, which then someone else can buy. So really, they aren't out any money, or any "potential" profits.
Marsz, marsz, Dąbrowski,
Z ziemi włoskiej do Polski,
Za twoim przewodem
Złączym się z narodem.
2005-06-12, 11:39 PM #51
This is my final say on this subject for I didn't see Ric' post and I would like to respond real quick, but we should take this discussion somewhere else and not derail the thread.

I can see your principle there. People are expected to pay the amount in full of the items they purchase. In principle I agree. Why should I, the buisness owner, pay for your lack? After all this item does cost $2.02 and that's just it.

I'm arguing from the PR prospective. Ok he wants to buy an item that's $2.02. He's got just $2 on him. I can either say "sure, I'll just take the $2. I'm sound financial wise with my buisness." I'm friendly with this customer. I've establish a bit of a report. This store was willing to lend a hand when I was in a small crunch. In show of my gratification, I will return and make damn sure that the store gets the full amount. And I'll probably come back because I know this guy who runs the place is frendly.

I am not demanding the business whatsoever. I'm not grabbing the guy by his coller saying "I want this thing for only $2 because that's all I've got." I'm asking. "Hey, I'm short by just two cents. Will just $2 do?" If yes, I will be grateful to the person and I'll remember the gratitude.

But anyway, like I said, if you want to continue discussion with me, PM. Let us not derail further.
Code to the left of him, code to the right of him, code in front of him compil'd and thundered. Programm'd at with shot and $SHELL. Boldly he typed and well. Into the jaws of C. Into the mouth of PERL. Debug'd the 0x258.
2005-06-12, 11:51 PM #52
I completely agree with JG here, but in some cases, it takes management to approve those sorts of decisions. In smaller businesses like gas stations, rules may be more relaxed, but in places like Wal-mart, there is absolutely nothing I can do without CSM approval.
Marsz, marsz, Dąbrowski,
Z ziemi włoskiej do Polski,
Za twoim przewodem
Złączym się z narodem.
2005-06-13, 12:31 AM #53
once a cashier floated me like 50 cents because I was short. I paid her back with a five the next time I saw her

There's something to be said about gratitude, people.
D E A T H
2005-06-13, 12:37 AM #54
There's also something to be said for following company policy. Most cashiers don't have that level of flexibility unless they work for a small business.
"it is time to get a credit card to complete my financial independance" — Tibby, Aug. 2009
2005-06-13, 1:12 AM #55
I'm a cashier.... DEATH TO COIN CURRENCY!!! ...and EBT, cuz it never works right.
I'm not wearing any pants...
2005-06-13, 1:32 AM #56
Quote:
Originally posted by Freelancer
There's also something to be said for following company policy. Most cashiers don't have that level of flexibility unless they work for a small business.


Most of the stores around here are small business, and yeah, they might not, but for the most part you don't ask someone from Wal Mart, Best Buy, or some such place to front you cash. You usually pay with cash or check there because it's big purchases.
D E A T H
2005-06-13, 1:53 AM #57
I'm a strong believer in always having a decent amount of change so that you never get into those situations. That's what the change pocket in jeans was invented for. "Oh, the cost will be $12.21? Well HERE IS A $10, TWO $1s, TWO DIMES, AND A PENNY. THANK YOU."

Or hell, this one always wins friends if you frequent certain places: "Oh, the cost will be $12.21? HERE IS A $10, TWO $1s, AND A QUARTER. KEEP THE CHANGE."

MAke sure you yell, as I have indicated through capitalization. Otherwise they don't know you mean business.
Warhead[97]
2005-06-13, 2:23 AM #58
I just took 10 years worth of pennies I saved up to the bank. 10 years and I saved up $20.01 in pennies. It was completely random, but I almost nailed 20 bucks on the head. I even did one of those scream/sigh things when it happened, you know "awwwwohhhhhh.. man! so close!"

Yes it was an exciting day for all.
"Guns don't kill people, I kill people."
2005-06-13, 2:24 AM #59
Dude, I saved 3 years worth of pennies and had $200... :P
2005-06-13, 11:28 AM #60
That's a crapload of pennies.

The most I got out of pennies was about $22.
SnailIracing:n(500tpostshpereline)pants
-----------------------------@%
2005-06-13, 11:52 AM #61
Maybe we should take all the pennies and make giant cubes out of them : http://www.kokogiak.com/megapenny/
Stuff
2005-06-13, 12:38 PM #62
Yeah, they should be banned. Also, prices should be 30$ instead of 29.99$ or 29.95. It should go by dollars (or whatever currency).
Skateboarding is not a crime.
2005-06-13, 12:41 PM #63
Quote:
Originally posted by kyle90
Maybe we should take all the pennies and make giant cubes out of them : http://www.kokogiak.com/megapenny/


Interesting...
Skateboarding is not a crime.
2005-06-13, 1:19 PM #64
The other day, change came out to 2.98, and the cashier asked for 2 pennies so he didn't have to make change. I only had one. He took it and gave me the $3.
Steal my dreams and sell them back to me.....
2005-06-13, 1:30 PM #65
Quote:
Originally posted by Ric_Olie
Some years ago I spent a summer in Poland. Coin denominations were .01, .02, .05, .10, .20, .50, 1, 2, and 5 zloty. It worked well because the higher denomination coins were of reasonable size and were distinct. That's somthing the US has as of yet failed to do.


Yes indeed. Poland rules.

/nationalism
Skateboarding is not a crime.
2005-06-13, 4:41 PM #66
I work at a convenience/drug/pharmacy store... CVS.

There are consequences for a total not matching what the computer says comes in... So 2 cents of lost cash makes no difference, but 2 cents for a couple of people per day, over a period of several shifts shows up in a report and you are accountable for it.

Basically, I can't really let people come up short in their payments because I can (eventually) get fired for the missing cash, despite how inconsequential it may seem at the moment of transaction.
2005-06-14, 9:03 AM #67
I think more stores should have the "take a penny, leave a penny" things on the counter.
SnailIracing:n(500tpostshpereline)pants
-----------------------------@%
2005-06-14, 10:08 AM #68
Quote:
Originally posted by Zy
My cousin has a metal disposal company. If you send me all your pennies I can get rid of them for you.
I'm fairly certain that it's illegal to destroy US currency and/or coin.

(Unless you can tape it back together.)
Catloaf, meet mouseloaf.
My music
2005-06-14, 11:27 AM #69
Quote:
Originally posted by DogSRoOL
I'm fairly certain that it's illegal to destroy US currency and/or coin.

(Unless you can tape it back together.)


iirc, the penny is an exception. But the rest is illegal.
D E A T H
2005-06-14, 12:07 PM #70
Quote:
Originally posted by Freelancer
The paperwork states that there should be $523.56 in the till at the end of the day, but because of you, it is actually $523.54. Too many of those isn't very good for a cashier.

If there is less than a $4 variance we don't even investigate it. Even with associates doing this we're still within $9 (usually +$5.20) a period. We also get a fair number of people who leave their small change.
2005-06-14, 2:15 PM #71
I work at an AMC Theatre as a concessionist, and it's a dream come true in terms of cash handling (despite bad pay and hard work). Our prices are all incremented in quarters, and we don't charge tax. I'm with Freelancer on the issue of coming up short, though from time to time if it's a nice person that's short a quarter I'll pay it myself. If someone came up to me and EXPECTED me to pay ANYTHING for them, I would return their rudeness and turn them away without a second thought. We do have consequences for register inaccuracies.
2005-06-14, 2:40 PM #72
This has probably already been said already, but I hate how nearly everything costs $9.99, $19.99, etc. I know that they do that because that supposedly makes it look like less money, but Jesus! Not only is it visually annoying, but if you're stupid enough to fall for that scheme, then you shouldn't even be allowed to handle money.
"Art is a lie that makes us to realize the truth."
- Pablo Picasso

blog thingamajig
2005-06-14, 3:07 PM #73
Quote:
Originally posted by Achelois
This has probably already been said already, but I hate how nearly everything costs $9.99, $19.99, etc. I know that they do that because that supposedly makes it look like less money, but Jesus! Not only is it visually annoying, but if you're stupid enough to fall for that scheme, then you shouldn't even be allowed to handle money.

A product plus its tax should come out to an even dollar. If I ever open a business, you'll be able to walk in with five dollars, walk out with five objects and no change.
You will die alone.
Snail Racing: 500 Posts Per Line
@%
guys I think my snail is stuck
2005-06-14, 3:27 PM #74
Quote:
Originally posted by Freelancer
There's also something to be said for following company policy. Most cashiers don't have that level of flexibility unless they work for a small business.


umm, I have had a cashier at mcdonalds float me cash before. also, 2.00 dollars instead of 2.02 dollars is a whole lots less of a loss then say, 20000 dollars instead of 20200 dollars.
Snail racing: (500 posts per line)------@%
2005-06-14, 3:27 PM #75
Quote:
Originally posted by RingMaster481
I work at an AMC Theatre as a concessionist, and it's a dream come true in terms of cash handling (despite bad pay and hard work). Our prices are all incremented in quarters, and we don't charge tax. I'm with Freelancer on the issue of coming up short, though from time to time if it's a nice person that's short a quarter I'll pay it myself. If someone came up to me and EXPECTED me to pay ANYTHING for them, I would return their rudeness and turn them away without a second thought. We do have consequences for register inaccuracies.


Well that's a bit different--your guys' stuff is nice and rounded. When you talk about a penny though, instead of a full quarter, things change.
D E A T H
2005-06-14, 3:29 PM #76
Quote:
Originally posted by Dj Yoshi
iirc, the penny is an exception. But the rest is illegal.


i thought it was legal as long as you aren't doing it to commit fraud.
Snail racing: (500 posts per line)------@%
2005-06-14, 3:31 PM #77
Quote:
Originally posted by alpha1
i thought it was legal as long as you aren't doing it to commit fraud.


Do you even know American laws on currency?
D E A T H
2005-06-14, 4:09 PM #78
Quote:
Originally posted by Dj Yoshi
iirc, the penny is an exception. But the rest is illegal.


I think it was one of those ridiculous/dumb law lists that said it's illegal to shoot a penny.
"We came, we saw, we conquered, we...woke up!"
2005-06-14, 4:41 PM #79
Quote:
Originally posted by Rob
That said, they're quite useful. As a cashier, I give out alot of pennies.


Same here. Except I never give out more than four...
2005-06-14, 6:10 PM #80
Quote:
Originally posted by Dj Yoshi
Do you even know American laws on currency?
http://answers.google.com/answers/threadview?id=77334
Quote:

Title 18 United States Code, Section 331

Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
falsifies, scales, or lightens any of the coins coined at the mints of
the United States, or any foreign coins which are by law made current
or are in actual use or circulation as money within the United States;
or

Whoever fraudulently possesses, passes, utters, publishes, or sells,
or attempts to pass, utter, publish, or sell, or brings into the
United States, any such coin, knowing the same to be altered, defaced,
mutilated, impaired, diminished, falsified, scaled, or lightened -

Shall be fined under this title or imprisoned not more than five
years, or both
Steal my dreams and sell them back to me.....
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