$1.10 For a $1 Lottery Ticket
By Jim Bauer
@porwest (78759)
United States
August 18, 2019 5:52pm CST
I know this may come to a massive surprise to some of my fellow MyLot friends here. But I am EXTREMELY anal retentive when it comes to my money, and I go to extremes to preserve it.
I have a jar of pennies that probably has $200-$300 in it.
I could take it to one of those machines and turn them in. But they will charge me a percentage. I could take them to my bank and they would likely give me the money without a charge.
But then I have to carry this very heavy jar with me to the bank.
I went to the store and bought a lottery ticket for $1. I gave the guy a one dollar bill and ten pennies. He looked at me strange.
"It's only a dollar," he said.
"Yes. I know. I am trying to give up some pennies. Give me a dime and we are good." I said.
I will probably exchange all of my pennies this way. I will still have to take the silver coins in for exchange. But this is just one way I convert my money into something I can actually make use of.
Onward and upward.
16 people like this
16 responses
@moffittjc (118555)
• Gainesville, Florida
18 Aug 19
I only keep a small mason jar for my loose coins, so it is easy to carry to the bank once it gets full. My bank is literally 2 blocks away from my house, so it's easy to take in all my loose change.
3 people like this
@moffittjc (118555)
• Gainesville, Florida
21 Aug 19
@porwest A talking jar? That is pretty cool. I like not knowing how much I have in mine. The excitement and anticipation of bringing it to the bank and dumping it in the coin machine is what I look forward to. I am always mildly surprised when I find out the total.
1 person likes this
@porwest (78759)
• United States
24 Aug 19
@moffittjc When it comes to money, I am not one for mystery. Besides, it's kind of a funny talking jar. Mine has a lisp. No joke. It literally says "thents" for cents. 
1 person likes this
@porwest (78759)
• United States
19 Aug 19
I have not weighed my penny jar. But I know it is heavy as hell. Not sure what my coin jar weighs either but I know it's pretty heavy too. Has about $300 in the silver coin one, and I only know that because I have a talking jar that counts it and tells me how much us in there everytime I put a coin in.
2 people like this
@lovebuglena (43081)
• Staten Island, New York
19 Aug 19
You can't bring a jar of coins into the bank and expect them to actually count all those coins. And if you tell them there is X amount in there I doubt they will just take your word for it. If you put them in coin wrappers no problem. That's what I always do.
2 people like this
@porwest (78759)
• United States
19 Aug 19
@lovebuglena My bank has a coin counter in the corner. You bring in your coins, dump them into the machine, it counts them, and spits out a ticket with the amount on it. You bring that ticket to the teller and they ask you if you want cash or want to deposit it. It's pretty simple at my bank to turn coins in. And they don't charge me to do it.
@andriaperry (116860)
• Anniston, Alabama
19 Aug 19
How about rolling them and then take $1.00 at a time in to get a bill.
1 person likes this
@lovebuglena (43081)
• Staten Island, New York
19 Aug 19
@porwest They don't do that at the bank. Who wants to sit there and open all the rolls and count...
1 person likes this
@porwest (78759)
• United States
19 Aug 19
I used to do that. Most places nowadays still want to open the roll and count them to make sure I didn't try to get away with stuffing a couple less pennies in the roll than I was supposed to. I suppose people have done that in the past and registers came up short. And I am not sure I'd be okay with making the cashier stand there and count out 100 pennies.
1 person likes this
@porwest (78759)
• United States
19 Aug 19
@lovebuglena No. I am aware of that. Most of the time you can roll them for ease of transport. But almost all banks will have a coin counter, so even if you brought them in that way, they'd break them open and let the coin counter do the counting for them.
I too would not want anyone to have to count any amount of coins like this by hand. From my comment:
"I am not sure I'd be okay with making the cashier stand there and count out 100 pennies."
@JohnRoberts (109857)
• Los Angeles, California
19 Aug 19
I know it's tough to get rid of pennies.
2 people like this
@LindaOHio (157150)
• United States
19 Aug 19
That's one way to do it! That's a lot of pennies!
2 people like this
@LindaOHio (157150)
• United States
26 Feb 22
@porwest Don't forget to check for the wheat pennies. They are worth more.
1 person likes this
@porwest (78759)
• United States
26 Feb 22
@LindaOHio I have a few of those. In fact, I found one the other day. You know, that makes me think I should go through my entire jar of pennies and see if I have anything of value hidden in there. Our flea market has many coin collectors buying and selling coins and they may be able to offer me something. What do I have to lose?
1 person likes this
@lovebuglena (43081)
• Staten Island, New York
19 Aug 19
I put my pennies (and other coins) into those coin wrappers and then go deposit them to the bank. Of course those coin wrappers are not free but I pay $1.08 for a whole bag of them.
You don't have to deposit them all at once. Do it little by little.
I wonder how a cashier would react if you were to buy something for $1 and give him/her 100 pennies...
@FayeHazel (40246)
• United States
19 Aug 19
Did you win anything with the ticket? Lol. That is going to take you some amount of time to cash in those pennies to dimes
1 person likes this
@FayeHazel (40246)
• United States
20 Aug 19
@porwest lol good luck on the ticket
1 person likes this
@dgobucks226 (34417)
•
19 Aug 19
Gee, I did not know you were so money conscious Jim? 
So, by converting your pennies to another type of coinage you are literally trying to (eventually) die penniless
So, by converting your pennies to another type of coinage you are literally trying to (eventually) die penniless 1 person likes this
@dgobucks226 (34417)
•
27 Feb 22
@porwest Poor Abraham Lincoln. His coin gets no respect 
1 person likes this
@MommyOfEli2013 (82112)
• Rupert, Idaho
19 Aug 19
Well I say whatever works for you, go for it!
1 person likes this
@DocAndersen (54407)
• United States
19 Aug 19
i've done that it is a great way to get rid of pennies!
1 person likes this
@Nakitakona (56302)
• Philippines
19 Aug 19
Good job. Savings for the rainy days is a must not only for a project but for emergency.
