Penny for 'em?
 

Is it just me, or does anyone else end up with mountains of loose change?

I don't carry a wallet, and I throw all my change into a bowl.

I'm quite good now, as it's only a cereal bowl. At one time it was an old fashioned wash basin, filled to the brim with copper, and the odd bit of silver.

Every so often I sit down, count it, bag it up, and bank it.

I do struggle in shops now because I have Parkinson's Disease, and my fingers are now rubbish at finding the right change to give in shops, but I do normally make an effort, no matter how many people are queued up behind me.

I can't really blame my present physical conditon, as I've always managed to accrue quite literally sometimes, tons of change.

I know people who never have more than a pound or so of change to their name, so am I doing something wrong, or does anyone else end up with more coppers than the Policeman's Ball?

Re: Penny for 'em?
 

My tyler takes donations of loose change and it goes into his dalek piggy bank and buys him something nice i wouldnt be able to afford every so often.... i dont miss coppers and it soon mounts up

he empties my purse of 20ps and anything smaller... teaches him about money and is good numeracy practice

Re: Penny for 'em?
 

We have a penny jar, I regularly empty my purse into it, when full I take it to Asda and weigh it in, usually yields about £25 !

Re: Penny for 'em?
 

Brian tends to dump his loose change onto the kitchen worktop. I have my ´money factory´ where I bag up fifty, twenty and ten cent coins to take to the bank. It´s amazing how quickly they mount up and in a good month it pays for my adsl connection.

As for the ones, twos and fives............such a pain in the bum to bag up and don´t amount to much.............I pass on to the local stray dog fund.

Re: Penny for 'em?
 

Most weeks I only spend money twice a week, Mondays after getting my pension and Fridays when I do my weekly shopping.

Any one’s, two’s and five pence pieces that come my way get put into a separate pocket until I get home, when they get dumped in the appropriate money bag. When a bag feels about the right weight the contents get counted. If the one and two penny bags add up to one pound they get closed and any residue goes to start a new bag. If, as does happen on occasions, the total is less than one pound I slip a scrap of paper inside noting how much there is in the bag. There is no point in counting the same coins twice. It’s a similar story with the five pence pieces but the total is five pounds.

Once I have several full bags I take them to my bank and dump them in my account.

As for the rest of the coins I use many of them to pay part of my milk bill when my milk lady comes round once every five weeks on a Saturday morning. The £31.50 payment will usually have £1.50 in tens and twenties.

Re: Penny for 'em?
 

Anne and me have a little bucket we chuck 1p 2p 5p in when its full we count it and bag it and give it to the grandchildren when they come over.
there mum puts it in there bank for them,they normally end up with £5-£7 each

Re: Penny for 'em?
 

read an article the other day saying due to the rise in international metal prices the 1 cent and 5 cent coins are worth more for scrap than for face value , know this applies to US and Canadian currency , no mention of Stering or Euro coins

Re: Penny for 'em?
 

I am a cash free person. Because I shop entirely on the internet I rarely need the stuff.
The only time I use cash is for the window cleaner,the free range eggs I get from the allotment next door, and a cafe meal when on a bus trip.

So I don't accumulate change

Re: Penny for 'em?
 

1`s, 2`s and 5`s get saved in a money box then , like Lindsey,down to the machine in Asda.

Re: Penny for 'em?
 

All my silver(anything less that a 50p) goes into the boys money boxes and when they are full they are bagged and put into their bank account. Any copper goes into a small tin and when this tin is full it is weighed in a at asda when I do my shopping and the boys get a "treat" from it, be it a toy, new slippers, clothes etc

Re: Penny for 'em?
 

I have a big whiskey bottle and I put 1s 2s 5s 10s in it I also save 50ps £1 coins £2 coins as they come in handy when you use a lot of taxis like I do, but if I get to much change I stick it in the bank

Re: Penny for 'em?
 

how much does the machine at asda actually take off you -and does it take it automatically or do you have choice - when the machine first arrived at asda somebody said that a percentage is donated to a charity.
i keep meaning to have a look but only remember about it when i get back home lol so i tut at myself and think - oh i'll look next time !?!

Re: Penny for 'em?
 

I have a tin in the kitchen that some loose change goes into and a box on my dressing table - depends on where I am when I remember to dispense with loose change!

Kids get their spending money out of it each week and the rest just stores up and then once a year I tip it all out and count it and bag it.

Re: Penny for 'em?
 

I bought my son one of those coin sorters for Christmas a couple of years ago, we just throw all the change in and it sorts it for you!

Buy Ultra Coin Sorter. at Argos.co.uk - Your Online Shop for .

Re: Penny for 'em?
 

Have been just the same in the past Garinda; now I am trying to put a few of the coppers from my box in my purse when I go out small shopping to run it down, and don't care whether people are puffing and panting behind me whilst I 'copper up'.

Amazing that we can afford to throw this money into a container isn't it ? Can't be too badly off after all. There again, probably me, I am not very good at saving, and seems ideal for some people ... :rolleyes:

Still have a box of foreign currency, particularly Euro money ... not all airlines seem to collect spare change for charity now. Will just have to remember to take it with me in September.

Re: Penny for 'em?
 

If i bought something that say costs £5,36 and i paid with a twenty pound note, i would say do you want the 36 p,most times they are glad of the change,and i would have £15 change instead of a load of bummph,,,and loose change dosent build up the same..:)

Re: Penny for 'em?
 

i have a Tardis money box :D well i say I, its Reece's really, i stick all my coppers,5's and 10's in it, it makes a lovely whirring noise when the doors are open (the dr who theme) not saving for anything, i used to take it to the bank before Reece decided he was more important than the bank

Re: Penny for 'em?
 

I do that, but I still end up with loads of coppers.

Plus when I get the Observer I'll usually pay for it with twenty six tuppences.

Like you say most shopkeepers are glad of the change, and it saves them keep going to the bank.

Perhaps I should set up a change bank for 'em.:D

Re: Penny for 'em?
 

At one point the value of the two pence was worth more due to its copper content, so if you have any of the older twopences get them weighed in as the price of copper is really high at the mo... of course the bank of england soon reduced the copper content

Re: Penny for 'em?
 

When we sold our last house I counted up all the loose change that we had kept in various places. I took it to as Asda where they have one of those machines which counts it up for you. This was easier for me than counting it up myself, bagging it and taking it to a bank. OK, you pay a percentage to the company but I still thought it reasonable value especially as I ended up changing over £200 worth of coins.

I must admit that I have become a bit of an obsessive over loose change now and try to make sure that we get rid of it before it builds up to much.

Re: Penny for 'em?
 

I normally just leave it in my purse and get rid of it like granny c. I have an old whisky bottle which came from Rising Bridge working mens club ... that tells you how old it is... and i'll throw bits and pieces in there. When that gets about half way full i'll stick it in bags and take it to the credit union and stick it in my account there.

My sister is best though. She has a tin and her and her then hubby used to throw their coppers and 5ps in there. When we used to have a family party we always ended up playing cards and the tin would come out ...... She still has the tin and now when we play cards the tin gets divvied up between us all and we play with that.

Re: Penny for 'em?
 

You are giving money away.:eek:
Watch those pennies and the pounds will look after themselves.
I spend using a cashback card and get .5%back in December.
Groceries just for me and the cat earn me £12 (on top of all the customer loyalty freebies such as Tesco points)
Think about it ..... would you go and throw £12 down a grate?

Re: Penny for 'em?
 

I knowingly paid the commission as the convenience of converting the coins was worth it. A reasoned judgment in other words. Was about to leave the UK for good a few days later so time was of the essence. Admittedly, if I had thought about it sooner I could have counted it all myself and taken it to the bank.

Re: Penny for 'em?
 

I think you will find that quite a lot of our so called copper money, has very little copper in it, try a magnet on a pile of 1p's.

Retlaw.