npr.org — ...it turns out that economists have researched the phenomenon, which they call the Denomination Effect. Priya Raghubir and Joydeep Srivastava did a series of experiments in the U.S. and China that showed people were much more willing to spend the same sum of money if they had smaller denominations instead of one large bill.
May 13, 2009 View in Crawl 4
evilregisMay 13, 2009
Good luck, f**ker!
pookydirtMay 13, 2009
Not really contradictory... it's the perception that the pocketful of loose change doesn't have much value that causes you to toss the change into a container and forget about it...
derek20laMay 14, 2009
if you are digging through old jugs of coins in your house to spend it, be sure to keep any dimes or quarters from 1964 or earlier, because they are made of silver (instead of just copper with zinc plating).a quick way to tell the difference is to look at the edge. if its a solid silver color its made of silver, if its silver with copper showing through its the modern type. you'll probably have better luck with coins that have been sitting around for along time like at your grandparents house.
kmapMay 15, 2009
We spend faster on cards than bills tho.
govtdoesnotworkMay 16, 2009
Good idea. I dump excess change from my car (esp. post '82 pennies) on waitresses as tips. Their only consolation is I'm extra nice on the size of the tip when I do that.
govtdoesnotworkMay 16, 2009
People like me take not only wheat pennies, but also pre-82 pennies out of circulation the moment we get them.
gdhaSep 14, 2009
So true, but those little coins add up... I've been better about saving them lately, and make sure to use the funds for fun. Free money, as far as I'm concerned!