Interesting conversation point: 100 pennies is actually worth LESS than a dollar bill
A group of us went to Hard Times Cafe to do their 25-cent wings (which I highly recommend). We had a conversation about equity investments and market fluxuations when we came upon the topic of coins. What came out of the conversation was that a dollar bill is worth more than 100 pennies.
Have you ever tried to pay something with pennies? Seriously, get 1,000 pennies and go to a 7-Eleven or any other store and try to buy something with pennies. Do you realize that they will not take your money? Even though you have the same amount in pennies, they will not take it because they don’t want to spend the time to count it.
So the value of the penny has gone down. It would be interesting to see how much and the ratios. Because most people are willing to count, say, 10-20 pennies. But not 1,000!