Pennies. The Fredo of the coin world.
I've always been a big proponent of change (SWIDT?). Especially since I drive a car that has a special compartment for it. Armed with quarters, nickels and dimes, I fear no parking meter.
The problem is the thing I use change for the most I can't use pennies for. I know there's a movement to do away with the penny. But I'm not for it.
After all, what will we leave for the next person in that little plastic dish at the car wash and liquor store if we banish the penny? It's a cheap way of feeling like you're doing something good for someone else without actually doing anything good for them.
I know it costs more to make a penny than the penny's worth, but I don't believe that's the issue.I believe it's an organizational problem. So I decided to be an example for my family and the nation by doing something about it.
Today I took all my pennies and dumped them on the bed. Then, counting in two's fifty-cents at a time, I rolled them into bank coin sleeves.
I wound up with $3.50. That's 350 pennies. See how easy math is with pennies?
I even found a relatively rare 1956 D penny in the pile. Depending on which eBay listing you believe, it's worth either $1.60 or $498. I choose to believe the second one.
I'd be curious to know how many people think the same way as I do about pennies.
And I'll bet you know exactly how much I'll pay for your thoughts on it.