Coin Toss

When I reached a certain age, I stopped using my jeans coin pocket for coins and started using it for ibuprofen. That part of the cycle of life has been accelerated in recent years as coins become less and less useful. “Coins are as good as junk for many Americans. Buses, laundromats, toll booths and parking meters now take credit and debit cards and mobile payments. Using any form of physical currency has become more of an annoyance, but change is often more trouble than it is worth to carry around.” So what do people do with all their change? Mostly, they put it into a drawer or a jar or leave it beneath couch cushions. “More than half of the coins in the U.S. are sitting in people’s homes, according to the Federal Reserve.” And even though many people complain they don’t have two nickels to rub together, the amount of metal money that’s thrown in the trash is a dime a dozen. That’s created an industry for a penny-pinching company to turn a garbage dump into a money pit (to coin a phrase). WSJ (Gift Article): Americans Throw Away Up to $68 Million in Coins a Year. Here Is Where It All Ends Up.

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