Saturday, March 19, 2011
Why do people use those coin-counting machines?
You've probably seen them in the grocery store. You dump your coins in and it gives you I think a ticket for the value of those coins minus about 10 percent. Now, these same grocery stores have registers where you can spend those coins for their full value. Alternately, they often have in-store bank branches that will take your coins for their face value. (They may require you to roll up those coins and count them yourself.) In any event, you don't have to pay a fee of 10 percent. So why do people willingly pay that fee?