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"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out." — Francisco d'Anconia's speech about money in Atlas Shrugged by Ayn Rand
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Welcome to Money $ Liberty, where personal finance and personal freedom collide. If you haven't visited before, please take a look at what this site is all about. Feel free to look around and make comments. Enjoy!

Spending spare change

curtis — 3 January 2009 - 8:26am

Mighty Bargain Hunter is wondering what to do with a state quarter collection that he and his wife recently finished assembling. Not having been one to collect state quarters, all of his suggestions seem valid (I would probably choose a combination of 1 and 3), except for selling it which likely would be more of a hassle than it's worth.

If he chooses to spend it, he'll need to know that spending change can be a not-so-pleasant experience. For some reason, people can get ugly when you hand them, say, a $10 roll of quarters versus a $10 bill. I know this because recently I rolled up most of the change from my change jug (yes, jug, not jar) and used the rolls to pay for things that I might otherwise have paid for with a card or paper money.

In general, people tend to look at you funny when you hand them a roll of change. It's almost as if they are saying, "What, you're too poor to afford the real stuff?" – which is a ridiculous sentiment, considering that $5 in dimes is worth the same as a $5 bill. This treatment isn't limited to strangers who happen to be taking my money at a fast food join: In the past my wife has balked when I've given my daughter six quarters to pay for lunch instead of a dollar bill and two quarters, calling it "ghetto" (I'm not even sure what she meant by that, though I have a sense that it means something similar to "cheap").

I suppose I could understand why someone might be upset if I handed him $10 in loose change, which might be hard to hold and count on the spot. But if I've taken care to count and roll the change, I don't see the complaint. Perhaps they think I am attempting to defraud them by only putting $9.75 worth of quarters into the roll – mwahahahaha! At least I've never paid for a steak dinner with pennies, like the guy in the video below.

I suppose that's why some people use Coinstar machines, which is free if you choose to receive a gift certificate instead of cash. Maybe I'll do that next time.

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