Beginners and Beyond

12

Good riddance! (the penny) (Read 186 times)

Ken WD


    Yay! I hope the nickel is next. Then we can get rid of a digit on all signs... think of the savings!

    Adam_McAllen


    Beer-and-waffle Powered

      One of the greatest clerk meltdowns I have ever witnessed was when a Canadian gentlemen in line at a local taco place asked if they accepted Canadian money.  After consulting the manager, the young clerk affirmed that they did.

       

      The customer handed over a 5 and a couple dollar coins (Loonies).  Absolute befuddlement ensued.  "No, they're not quarters, they're dollars."  "But they're coins".  "Yes, dollar coins, look at them!"  ... and on and on.  It was so hilarious that I didn't even get upset about having to wait.

       

       

       

      That's great. I think the "coins actually mean something" always trips up the Americans. On the other hand, whenever I'm in the US I have a fat wallet and feel rich, then I realize that I just have a bunch of onesSad.

       

      At least both Canadian and American currencies are still better than the Euro... man I hate those bills, and the coins (1,2,5,10,20 and 50 cent, along with 1 and 2 euro coins is just unnecessary).

      In the words of my late-coach : Just hang in there, relax... and at the end of a race anyone you see.....just pass them

      lilac_jive


      Jess runs for bacon

        I love pennies Smile Everyone throws them on the ground and I scoop 'em up. Usually by the end of the year I have enough to buy a nice martini Big grin

         

        www.backuprunner.net


        The Chairman

          I love pennies Smile Everyone throws them on the ground and I scoop 'em up. Usually by the end of the year I have enough to buy a nice martini Big grin

           

          You'd make more digging aluminum cans out of the trash for recycling.


          The Chairman

            LOL.  Did you see the instructional graphics about the subsequent rounding system?

             

            I don't know about Canada, but if this happened in the US, the min wage teenage cashiers who ALREADY don't know how to make change are going to end up breaking their brains.  They're gonna have cerebral meltdowns and seize out right there at the counter in front of your horrified eyes.

             

            I can also see scenarios in which people get offended about their change being rounded down.  "You only gave me back a nickel, but you owe me 7 cents!  I guess this is what happens in Obama's America!"  AND/OR, "You only gave me back a nickel, but you owe me 7 cents!  Koreans/Arabs/Indians/Jews/Italians/Mexicans/Russians are all crooks!"

            We have electronic cash registers that can be programmed to round as necessary. Or just set prices to come out to multiples of 5 when tax is included.

            lilac_jive


            Jess runs for bacon

               

              You'd make more digging aluminum cans out of the trash for recycling.

               

              Definitely less appealing.

               

              www.backuprunner.net

              MrNamtor


              DON'T TREAD ON ME

                When's the last time the clerk counted back your change instead of shoving it at you in a wad?

                 

                I think that ended sometime in the 1950s

                Venomized


                Drink up moho's!!

                  Most of my money transactions are with a credit card anymore.  I rarely carry cash or coins.

                    I hate those stupid $1 coins.

                     

                    Huggs and Kisses,

                    3D (Debbie Does Dallas)

                    2014 Goals: (Yeah I suck)

                    • Sub 22  5K
                    • Sub 1:35 1/2 marathon 
                    • Sub 3:25:00 Marathon
                    sirdizzy


                      Ohh you could totally work the system, did you see on debit charges it doesn't round up or down only on cash transactions.  Think about it carry cash for when you will benefit from a round down and use debit when it will round up.  Its like Superman 3 or Office Space stealing pennies Wink


                      The Chairman

                        Ohh you could totally work the system, did you see on debit charges it doesn't round up or down only on cash transactions.  Think about it carry cash for when you will benefit from a round down and use debit when it will round up.  Its like Superman 3 or Office Space stealing pennies Wink

                         

                        That ought to earn you a whole quarter, or maybe even 50 cents a month. Before you know it, you'll be able to buy yourself a pair of running shorts.

                        scottydawg


                        Barking Mad To Run

                          As of today, the Royal Canadian Mint has started to phase out the penny Smile.

                           

                          And I bet the mint officials apologized to the coin too, right before starting the phase-out.  Wink  Canadians are so polite.   Joking

                          "Do what you can, with what you have, where you are." Theodore Roosevelt


                          You Rang?

                            Something that I think is interesting is that the Canadian rounding rules mentioned above is already in use in some sectors of the economy  here in the US.  The differene is that they are rounding down to the nearest whole dollar.

                             

                            I travel too much for business and prefer to pay for meals in cash.  I rarely get coins back in change.  If my bill is $25.30 and I put two $20.00 bills in the folio, I'll usually get $15 in some combination of  singles and five dollar bills back in change.  the $0.30 magically dissappeared.  Maybe the house will claw back the $0.30  from the tip, but maybe not.

                            Rick 

                            PR: 5k 26:17 (10/13) 10k: 57:44 (7/14) HM: 2:11 (11/14) FM: 5:29 (1/14)

                            happylily


                              I love pennies Smile Everyone throws them on the ground and I scoop 'em up. Usually by the end of the year I have enough to buy a nice martini Big grin

                               

                              Me too! I always make a point of picking up a lucky penny when I see one on the ground. And it's true that they are lucky, because I always end up finding more pennies on the ground. I'm so lucky! Big grin

                              PRs: Boston Marathon, 3:27, April 15th 2013

                                      Cornwall Half-Marathon, 1:35, April 27th 2013

                              4 years racing, 16 marathons, 16 BQs     

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