If people are throwing away quarters then one can only imagine the disdain they have for ugly, tarnished, and toxic slugs that we call "pennies".
Who is throwing away quarters?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If people are throwing away quarters then one can only imagine the disdain they have for ugly, tarnished, and toxic slugs that we call "pennies".
Who is throwing away quarters?
I don't think a lot are actually being discarded yet but many people will do nothing at all to retrieve a quarter. This means they gat vacuumed up and swept up by street sweepers. They get into the garbage stream in myriad ways. If you drive the toll roads and use cash you'll often find change already in the coin return. It seems about every other person takes his change and whatever else is in the hopper.
This would be far more common if not for the fact that those who hate pennies and change the most primarily use credit cards and the like.
From 2015 to 2020 a large percentage of quarter production was just to replace older coins that had been lost or destroyed. In recent years mintages are higher in part because usage is expanding and in part because inflation has whittled away the value of a quarter so much that people aren't returning their coins to the bank until they build up higher. People who used to return it when they got a couple hundred now wait until they have 250 or 300.
A lot of the coins in change jars end up being destroyed through fires, floods and misadventure.
@cladking said:
... one can only imagine the disdain they have for ugly, tarnished, and toxic slugs that we call "pennies".
.
The things turn nasty once released into the environment.
It is an insult to my cousin (Abraham Lincoln) to have his likeness stamped on a copper-coated zinc slug.
Comments
Testing, it's so cold up in this jail. How's me Au? RGDS!
The whole worlds off its rocker, buy Gold™.
If people are throwing away quarters then one can only imagine the disdain they have for ugly, tarnished, and toxic slugs that we call "pennies".
Who is throwing away quarters?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
$21 last October. Up 32+%
I don't think a lot are actually being discarded yet but many people will do nothing at all to retrieve a quarter. This means they gat vacuumed up and swept up by street sweepers. They get into the garbage stream in myriad ways. If you drive the toll roads and use cash you'll often find change already in the coin return. It seems about every other person takes his change and whatever else is in the hopper.
This would be far more common if not for the fact that those who hate pennies and change the most primarily use credit cards and the like.
From 2015 to 2020 a large percentage of quarter production was just to replace older coins that had been lost or destroyed. In recent years mintages are higher in part because usage is expanding and in part because inflation has whittled away the value of a quarter so much that people aren't returning their coins to the bank until they build up higher. People who used to return it when they got a couple hundred now wait until they have 250 or 300.
A lot of the coins in change jars end up being destroyed through fires, floods and misadventure.
they don't do that anymore
the annual reports break down the costs of each coin
up 6.8% on the day
.
The things turn nasty once released into the environment.
It is an insult to my cousin (Abraham Lincoln) to have his likeness stamped on a copper-coated zinc slug.
.
Bring it down a rung.