You find a 5c coin on the ground. What do you do with it?
Personally.. I just bin them. I rarely use cash and coins anymore and lugging these little guys around is basically pointless..
Don't ask me why but it's also the coin I seem to find more than any other.
5cents today is……………..
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5cents tomorrow.
surely it's not worth riffling through your shrapnel to get it?
or carrying it around?
Makes cents
That's not how inflation works.
Send it to me
surely that demonstrates that the amount it is worth is much less than the ability to do anything with it?
Why would you bin it?
Is that even legal? It might be destroying currency
Leave it if it's not worth your time, some kid might want it
A person shall not, without the consent, in writing, of an authorized person, intentionally deface, disfigure, mutilate or destroy any coin or paper money that is lawfully current in Australia
Nothing wrong with throwing it away as long as it isn't damaged. Just make sure the bin you place it in isn't on fire or full of acid.
Why pick it up if you are going to throw it in the bin? There's people who might actually need it.
Walk to your nearest branch and ask a teller you want to deposit $0.05. Please report back.
They'll tell you to use their coin deposit machine which doesn't count correctly and you'll probably end up owing them $2.30
To be fair they can audit a machine….. But I have better luck on them compared to vending machines….
Every time I don't pick up a 5c coin, I always end up 5c short trying to buy something a week later. So I never leave it anymore.
pick it up and shoot if you found a bin and yell "Kobe!"
Too soon.
If I'm not in a hurry I'll pick it up and put it in my pocket. I'll put it into a money tin when I empty my pockets later. Every few years I empty my money tin into the coin machine at the bank. It's taking longer and longer to fill it though as I almost never use cash anymore.
You could have paid yourself with 5c with this post… what a wasted opportunity!
It's money.. Keep it.
Sheeesh.
Another 1st world problem
feed them to coin monster at Coles when shopping.
Keep it. Everytime I use the service-service checkout, I try to give the machine the exact amount owing to prevent it from giving me silver coins in change. I lost count the number of times when I am 5 cents short, and the machine gives me a lot of 10 and 5 cent coins in change.
…I use my card to give them the exact amount with 0% chance of getting silver coins..
I often put my clothes in the dryer at night as I go lay in bed. The dryer warms the room while it dries. Sometimes, there's a 5c coin in the pockets that I may have missed taking out.
The sound of it rolling around in the drum just drives me insane while I'm lying there (and I'm too lazy to get out of bed!)
Get rid of them, I say!
Your dryer is in your bedroom?
Saves money on the heating bill
I use to work in an environment that saw a lot of people move through it on a daily basis. During the shift, be it during the day or night, I'd come across coins of various denominations.
It all adds up.
All goes into my account via the auto counting machine at the bank.
You find a 5c coin on the ground. What do you do with it?
5c a lot of money! May be you go somewhere else and you get another 5c. Now you have 10c! You take your 10c, you go to Coles and you buy a roast chicken!
Must be a slow day today :D
Go back to 2010 and buy a bitcoin
Snap poll, favourite 5c lolly back in the 90's? Red skins, Sherbies, Fizzer or Mintie?
You find a 5c coin on the ground. What do you do with it?
if "the ground" is inside my home, I will put it into my coins jar, last time I counted the jar, it has like $200 in it.
if it is outside on the street, I would just leave it, not mine to take.
Why pick it up in the first place to only just dump it i don't understand.
Do you do that with actual random trash?
I was mostly referring to coins I seem to find around the house.
But to answer your question, I absolutely do pick up rubbish and put it in the bin.
Drop it in the homeless persons hat that you probably walk by twice a day.
Why pick it up? What’s the odds there isn’t jizz on it, or some other funk.
Odds are 100% after I jizz on it
Eww
You don't have to use coins for transactions, I am a "cash is king" man myself, but whenever I get (or find) coins I put it in my reusable piggy bank which I empty every few months into an ATM coin counting machine. This way you can still use that money without having to carry 1kg of metal everywhere.
Also shame on Aldi cashiers slipping me dodgy European or some other country coins thinking I wouldn't notice… because I don't notice them :( I only find out when the ATM machine spits them out as "unrecognised coins".
What do I do with those?
Pick a random address on Google that is in the country of your coin.
Address an envelope to said location marked "to the householder" using Google translate.
Post the letter.
Totally wig out recipient.
You can donate it to charity via this program at the Commonwealth or Bankwest branches or find someone who is going to visit that country on holiday.
HODL…
The day you bin it is the day you need that extra 5c to pay for something
Questions like this… First world country.
would you rather live in a country where a coin that is basically worthless is important?
My comment is not to say $0.05 is worthless but it's such an obvious answer to some poor countries that people here can treat a 5c as litter.
I have a bag of 5c, for the bank visits.
AUD0.05 = 11,126,222,311.81 Venezuelan Bolívares.
I always thought the metal content alone was worth more than 5 cents.
If its not now it will be in a few years when we've dug everything else up.
That's 2.1225 grams of copper and 0.7075 grams of nickel if you are able to seperate them.
Based on todays metal prices
https://markets.businessinsider.com/commodities/copper-price
Copper USD 0.01072 / gram
Nickel USD 0.01807 / gram
USD $0.0227532 + $0.012784525 = $0.035537725
Based on todays USD/AUDexchange rate…
USD0.035537725 * 1.27746 = AUD0.0454
Close to the metals worth but no. However, the cost to produce makes it worth more than what it is.
https://www.ramint.gov.au/five-cents
Nominal Specifications
Composition: 75% Copper - 25% Nickel
Shape: Circular
Edge: Milled
Mass: 2.83 grams
Diameter: 19.41 millimetres
Nice work - I got a similar value too and as you say by the time labour and production costs are included it must be more.
I thought I had read somewhere that they were no longer making these because of cost.
It wont be long before all coins are obsolete altogether. My guess is within 10 - 15 years…
Cu75/Ni25 based alloy coins can last 30 years in circulation before they are worn.
That's why I'd pick it up and keep it. 5c coins will be a collectible soon. I can see them being discontinued if this commodities price cycle continues possibly along with 10c and 20c coins soon after. Interestingly the weight of 10c and 20c coins are exactly 2x and 4x the 5c coin weight. The 50c coin is the only cu/ni coin that breaks from that weight ratio.
We had a school teacher that would give an annual speech about picking up 5c pieces.
Catholic school?
No. I think he just felt that if everyone did it, it could make a difference.
Maybe it can?
A friend of mine once picked up a coin off the floor of a pub. He put it into the nearest poker machine and won the jackpot.
I keep them or at least put them somewhere around the house. If you will walk past money literally on the floor then you obviously don’t work hard enough for your cash to appreciate it.
It’s like the 10c cans may not seem like much but they sure do add up.
If you will walk past money literally on the floor then you obviously don’t work hard enough for your cash to appreciate it
Or you work hard enough, and earn enough, that 5c is relatively meaningless to you, but might be more important to someone doing it harder than me?
Unless you're accruing all that spare change, to then donate to a worthy cause, then what's wrong with leaving it for someone more deserving? Some would argue that a 2018 Merc owner doesn't need to accrue 5c coins
I certainly don’t need to but there’s no way I can walk past money. I love it too much
If you see a penny pick it up and all day long it will bring you luck - the power of positive thought 😎
Im almost for binning 'cash' in general and having a 'cashless society'
The only thing i still pay cash for is 2nd hand stuff on gum tree otherwise i literally Tap and Go everything or Paypal
If you don't need that 5cents, dont treat it as trash, the 5c metal composition makes it 100% recyclable and can be made in to new coin, or other items.
Keep it in your pocket and donate it to a busker next time you see one.
The trend towards less cash is really affecting up and coming musicians with talent. The COVID thing has severely limited their opportunities to perform in small venues and when they have a go in the streets, loads of people just don't have any cash. In a lot of instances it's not so much about how much each person gives (although making good money is no doubt appreciated), but more about the fact that people are willing to stop, listen and encourage the musician to keep going with a donation. It's the sound of a handful of coins landing in the guitar case that brings a smile to their faces.
And no, YouTube or other social media is not a viable alternative to live performances with a real audience.
If 5c was inconsequential supermarkets would round everything to the nearest 10c. Think on that for a minute.
One million dollars is made of 20.000.000 five cents coins.
Keep looking!
Walk straight past it…
Hell, maybe that 5c means something to someone. If they want it they can have it