The rounding of change has begun at retailers.
291fifth
Posts: 24,806 ✭✭✭✭✭
I just got back from making a purchase at my local Kroger grocery store. There were signs on the automated checkout machines asking buyers to use exact change at the machines due to the discontinuance of cent production. I was paying in cash and didn't have any change so paid with a five and two ones. The machine rounded the purchase in my favor by three cents. I'm rich! 
All glory is fleeting.
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I'm hearing some companies are doing that here and are even low change count on cashiers drawers (said by cashiers i know). I believe it
If this is happening, it's not due to scarcity of pennies, but potentially increased coinage costs from carriers or retailers using an excuse to avoid the lower denomination.
UP UP AND AWAY........
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
It already began several weeks ago up here in The Commonwealth. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Yeah, the mint only produced 1.3 Billion cents for circulation this year. That doesn't take into consideration the number of cents still circulating about from the last 65 years of production. We really can't find any for the registers?
at some point, the bean counters will see that rounding down is costing them money and start doing the nickle rounding hustle
At A Wendy's They no longer accept or give pennies
accept? that's probably for fairness. can't make change for everyone. don't make change for anyone
wow... just looking at mintages since 2010 when the new design changed (Union Shield), we have
Philadelphia: 51,617,570,000
Denver: 51,323,740,000
Combined: 102,941,310,000
So, over 100 billion coins just in the last 15 years... ostensibly "in circulation"... and we're STILL short on cents for change?? How many of us are keeping 55 gallon steel containers full of cents???
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That's only about 300 pennies per person. I probably have that many around here in a jar.
In a sense, it’s been happening for decades with the little “leave a penny, take a penny” cups.
Many local B&M stores in my area just round and have done so for a long time (Bay Area, Calif.).
new rule: anyone 5 and under must exchange their 300 cents for singles
Dang, the US Mint has been around for ~232 years. I wonder if SHEETZ would be surprised to learn that the US Mint has never produced pennies.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Oh give it a break…..
https://www.wfmj.com/story/53200052/giant-eagle-offers-double-gift-card-rewards-in-exchange-for-pennies-november-1
Bring in $100 in pennies and receive $200 in gift cards. It's real. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
CRZY WRLD!
This is the kind of thing that will bring many of those billions of cents out of hiding! A gift card from a grocery store is near cash!
Can't remember the OP of this pic. Are you ready? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@compromonedas is the owner
My bank told me there holding back on rolled coin preferably just for there business', I looked at them funny and walked....
….
Hmmmm…what you’re saying makes a lot of ‘cents’….otherwise this would be a ‘centsless’ post…..Lol
People been throwing pennies on the ground for years. You go to a corner store they have the little cup "leave a penny or take a penny" Nobody gives a ratsass about a penny. They make a mess outta everything. Even the Texas Comptroller doesn't want them. When you file and pay sales tax they only want the whole dollars they ain't got no time to be counting pennies.
The coins are gone. Zincs virtually evaporate in air and the coppers have been sucked up in vacuum cleaners for at least 42 years. The few that survive are corroding in landfills.
Fear not it's easy to find all the memorials in the billions actually still "circulating". They will be common for centuries because a penny isn't worth hauling to the bank. But if you want a Gem 1968 or a 1984 with flat attractive surfaces you better look now because few were made and almost all are long gone.
AI says; _ “The coins aren’t gone—they’ve drifted. And the ones that remain are either buried in entropy or gleaming in the hands of those who still listen.”_
Sounds like AI has gone a little Jedi.
the irs is fine with rounding to dollars
my tax software rounds automagically.
Rounding down of course.
McDonalds announced today that 1 or 2 cent balances will be rounded down and 3 or 4 cent ones will be rounded up.
if everyone carried enough dimes and quarters we could do away with the nickel too
So where did all of these Shield cents disappear to? Sounds more like the stores don't want to bother with cents anymore rather than an actual cent shortage........
There have been over 100 Billion business strike Shield cents minted since 2010.
"When they can't find anything wrong with you, they create it!"
So does that mean the Big Macs will be free
"When they can't find anything wrong with you, they create it!"
the big mac will be rounded down too
These are the last of the Mohicans.
Actually, it doesn't round, it truncates.
All comments reflect the opinion of the author, even when irrefutably accurate.
TurboTax rounds.
About time
Harmon's grocery stores (slightly upscale Utah chain) just started rounding all cash transactions today, stating that their banks will no longer supply cents.
Drunner
Truncates
All comments reflect the opinion of the author, even when irrefutably accurate.
If I were a vendor, I would round everything down. I rather risk 3-4 cents than lose 3% if they decide to use a credit card instead.
Lol. Important distinction that, unfortunately, is a constant struggle with my students. It's become a pet peeve. I must write "round don't truncate" 50 to 100 times per year. Please play a tiny violin in sympathy.
All comments reflect the opinion of the author, even when irrefutably accurate.
Except I doubt very many people make the decision to use the card based on that same 3 cents that they often throw on the ground.
If I'm the buyer, I always use the card to get my points or cashback rather than throw away the 2% to get 3 or 4 cents.
All comments reflect the opinion of the author, even when irrefutably accurate.
Agree, I only use cash for my morning coffee refill ($1.59) and when transacting with The Amish. Many of them are now accepting credit cards. Won't be too much longer and cash will be a thing of the past. I've pocketed 1/2ozt of the Au so far this year just from the free cc points. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
If the Amish were smart, they'd create their own currency - Amish Bucks - and force you to exchange before transacting with them.
Oh no!!!
Well, it does what it does. I stand corrected.
All comments reflect the opinion of the author, even when irrefutably accurate.
Now this is a Penny 🤓
My YouTube Channel
Giant eagle 5 hour promotion looks to have brought about 100 Million of them out of hiding anyway. RGDS!
https://www.cbsnews.com/pittsburgh/news/giant-eagle-penny-exchange-event-total/
Giant Eagle customers exchange 100 million pennies during special one-day event
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Have a good time going thru them blitzdude 😫
They should do like what happened when half cents were deemed useless, they continued striking them in small numbers to ito satisfy collectors