If you have ever rolled coins, you know that they can get pretty heavy.
This is partly why coins are not used nearly as much as they were in the past.
With inflation, the value of a penny, dime, nickel, and quarter has decreased significantly, leaving some of these coins kind of useless.
Another issue with coins is the fact that they are heavy.
For instance, if you want to carry around $100 in pennies, you will get quite a workout.
How Much Does $100 in Pennies Weigh?
One hundred dollars in pennies is going to weigh between 55 and 68 pounds.
There is a variance in the weight because newly minted pennies weigh a bit less than the older pennies.
New pennies weigh approximately 2.5 grams each.
Older pennies weigh closer to 3.1 grams.
Depending on your mix of pennies, your total weight can vary from 55 to 68 pounds.
To get to our number, we multiplied 100 pennies by the 2.5 grams, and then multiplied that by the $100 worth of pennies you have.
If you are looking to get a workout the next time you go grocery shopping, bringing $100 worth of pennies is certainly a way to do it!
How Many Pennies Are in a Roll of Pennies?
There are 50 pennies in each roll of pennies.
Of all the rolls of coins you can put together, the pennies have the most in them.
The roll of pennies is worth $.50.
A roll of quarters is worth $10, a roll of nickels is worth $2, and a roll of dimes is worth $5.
The pennies will carry the least value for the weight they offer.
Even though they are lighter than some of the other coins in our monetary system, their value is significantly reduced.
Why Is There a Coin Shortage in America?
If you have noticed recently, many stores are posting about not being able to give change after a purchase.
The reason behind this is that there is currently a coin shortage in America.
This is happening for two reasons.
The first reason is that when the COVID 19 pandemic hit, many businesses and organizations were forced to close.
When this happened, coins could not be processed and produced the same way they were prior to the pandemic.
People are also avoiding touching coins right now to keep their transactions digital.
Digital transactions seem to have less risk for germs where paper money and coins have always been known to be a bit dirty.
Since people are not paying with coins at the moment, the stores don’t have any to give back as change.
This coin shortage has made it so that people must pay with exact change, or they may end up not getting their change back.
This has angered some people. but it is simply a sign of the times, and there is not all that much that can be done to prevent it.
With this shortage, people have started to wonder if coins are going to be a thing of the past in America.
Will Coins Eventually Go Away?
Coins and paper money are a huge part of why and how our economy works.
A world without the coins and paper money would certainly look quite different, and it’s really not one that America is set up for just yet.
At some point, there is talk that there will be some sort of digital currency in the United States.
A digital currency would make things easier for many people but more complicated for others.
The introduction of a digital currency would probably happen over many years, and the eventual transition process to this form would be very slow.
There are benefits to digital currency like being able to move money around faster and not having to touch coins and paper that may be dirty.
There are also negatives with digital currency when it comes to hackers and having your entire financial system backed up on the internet.
What Coins Are Still Being Made?
If you are a person who has always used coins, you know that the penny, nickel, dime, quarter, half-dollar, and dollar coins are the only ones that are being made.
The dollar and half-dollar coins are very rare finds.
This is because the US Mint has stopped making them.
The main reason behind the mint stopping their production of these coins was the lack of use.
It made much more sense to carry a one-dollar bill than to carry around several one-dollar coins for most people.
For the fifty-cent coin, the production stopped because they were not all that useful.
Most people found that they need either .49 or .99 and the .50 coin really didn’t help them all that much.
The fifty-cent coin is also very large, and by the time you made room in your pocket for a few of these, it just made more sense to carry quarters around.
If you use a .50 cent coin at a store, it will still be accepted, but it is not something that you see in circulation all that much.
Most people save these coins as collectibles.
What Is a Fifty-Cent Piece?
The half-dollar coin was sometimes referred to as the fifty-cent piece.
This was a name it got, but it is no different than a half-dollar coin.
You can still use a fifty-cent piece if you come across one and want to buy yourself a piece of a candy bar!
Are Rare Coins a Good Investment?
Thousands of people find that coin collecting is a great hobby.
The fun thing about coin collecting is that you never know what you can find, and there is quite a bit to learn about money and the history of money.
For instance, coins throughout history were made with different types of material, making some more valuable than others.
When you start collecting coins, you can easily become very interested in looking at the years on any money you come across and checking the value of that coin.
Typically speaking, very rare coins are a great investment, but these can be hard to find.
To start your collection, you should look at any money you currently have and see if you have anything that would be considered unique.
Then start looking locally to see if there are other collectors and what resources they are using.
When you find a rare penny or a rare nickel, you can sell it for hundreds or even thousands of times its original value.
There are coin collections in America that have given some people incredible wealth.
With the coin shortage going on at this point, the value of some of these collections has increased.
As always, a supply and demand type system remains in place when dealing with collectibles.
Although $100 in pennies is going to weigh quite a bit, it is still worth $100.
Even if you need a small wheelbarrow to bring your payment into a store, it will still get the job done and close your transaction!