Can vending machines accept coins?

Long ago, you often needed to have exact change to use a vending machine. Today, though, vending machines accept coins, paper money and even credit cards. They can also give back change in the form of coins and bills. How did vending machines get to be so smart?

Do vending machines take nickels?

Since a nickel is the smallest denomination that modern machines will accept, if it is out of nickels, the machine cannot be sure that it can make change for a purchase.

What can you do with pennies and nickels?

You can take them to the bank branch and exchange to paper bills or deposit them into your bank acct. Roll them up and bring them to the bank to deposit into your account. hamandcheese wrote: Roll them up and bring them to the bank to deposit into your account. The bank won’t take that much loose coin.

How much is a quarter nickel and penny?

The value of each coin is: A penny is worth 1 cent. A nickel is worth 5 cents. A dime is worth 10 cents. A quarter is worth 25 cents.

Why do vending machines reject pennies?

Many vending machines don’t take pennies simply because it’s usually not worth it: It complicates making change. It’s easier to make change when dollar amounts are in increments of five. Adding pennies into the mix could complicate making change and prolong the transaction process.

Do vending machines only take quarters?

Some Vending Machines Store Less Money Than Others Once these machines hit their storage capacity, they stop accepting money. They might accept certain coins, like quarters and dimes, but might reject others, like nickels and pennies, which aren’t worth as much.

How much is a 1969 penny worth?

The 1969 penny with no mint mark is worth around $0.70 in uncirculated condition with an MS 65 grade. The 1969 D penny is worth around $0.30 in uncirculated condition with an MS 65 grade. The 1969 S penny is worth around $0.50 in uncirculated condition with an MS 65 grade.

How much is a US penny worth?

After reaching a peak cost of 2.41 cents in 2011, the cost declined to 2.00 cents in 2012, 1.83 cents in 2013, 1.70 cents in 2014, 1.67 cents in 2015, and 1.50 cents in 2016. It then rose again: 1.82 cents in 2017, 2.06 cents in 2018, and 1.99 cents in 2019.

Is Wet money illegal?

Burning money is illegal in the United States and is punishable by up to 10 years in prison, not to mention fines. It’s also illegal to tear a dollar bill and even flatten a penny under the weight of a locomotive on the railroad tracks.

What is the best strategy for dropping coins in a coin machine?

If your machine allows you to choose where your coin drops, then the second part of basic strategy is to time the drop so that your coin falls onto a naked space on the tray, behind all the other coins, so your coin pushes into the mass of coins. If your coin falls onto the top of the stack, it won’t help push the coins towards the edge.

Will dropping the Penny and nickel cost jobs?

Especially risible is the argument of the industries that mine zinc and nickel that dropping the penny and nickel will cost jobs.

What is the lowest amount to play on a penny machine?

Penny machines, the lowest overall. so if your playing one dollar a spin on a dollar machine, chances are you will do better than playing a $1 on a penny machine. Virtually all of the newest penny machines are set to force you to play max bet which can be $1.50 or a lot more to have any chance of hitting the multiple progressives.

How many pennies and nickels have been minted since Y2K?

And since the U.S. mint has minted nearly 92 billion pennies 15 billion nickels since Y2K, the nation’s $1 billion loss making these coins is not, like the coins themselves, chump change. Back in 1940, and even much after that, we got along just fine without coins that bought as little as pennies and nickels do today.