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if you pick up a penny are your 1 cent richer or did it cost you money

2K views 23 replies 20 participants last post by  SummitKarl 
#1 ·
So i am pondering .. If i pick up a penny off the ground , am i one cent richer or did it cost me money to pick it up .. I want to hear your thoughts on this -- We are talking a penny - one cent --- :D
 
#2 · (Edited)
Time is money. It took you a little time to bend your ass over to pick it up. So whats your time worth? Could your time be spent doing something more profitable? Thats something to ponder...


Now if the goverment wanted to pick up that one penny, it would cost them thousands and take several union workers to complete, i'm sorry not complete, they would find some way to **** it up and only pick up half the penny. They then would need to divide that penny up and give it to all the people who dont want to bend over and pick it up themselves.
 
#3 ·
Well, if you pick it up and throw your back out:p, it's going to cost you. If you get it with no problems, than it was just 2-3 seconds at the most....
I take the time because "A penny saved is a penny earned" besides sometimes his brother the quarter is close by:)sphss
 
#4 ·
I pick them up. It never cost me time away from other productive activity and I accomplished two things:
* I reminded myself that any sum of money can be made up of ones and they every coin has some value
and
* I get to read the inscription "In God We Trust" and remind myself that all in our country is not lost
 
#5 · (Edited)
lets factor in caloric intake and your bodies energy usage vs the cost of that penny :)
I estimated on a 1800 calorie diet ( men ) i burn aprox 1.1 calories a minute ..

1: Whats your time worth $50,00 dollar a year job nets you 136 p-d year round . .$ 0.285 cents a minute
2: whats it costing your body in energy
3 : material of penny and recycle value lol ( may be worth more than a penny )
 
#8 ·
Pick it up- 2 reasons

1. pennies make dollars and one day either you'll be short or someone else will be.
If you look at it as a job then you could extrapolate it out its 1 cent for what ...2 seconds worth of work? whats that 18 an hour? good enough for me for little to no effort.

2. depending on what you believe it may be bad luck not to. (not a believer in that)

To the Docs point - True.... In God we trust- HOWEVER all others pay cash.

Uncle Dave
 
#9 ·
I pick them up....I need the excersize:D....I add them to my penny collection, last count I have about 80-85 lbs of them.
 
#10 ·
It all depends on if it taking away from time that you are earning more.

If you are walking down the street, that, in your example, would be a money losing proposition. But, if you stop for just a second, to pick up the penny, you would be adding to your wealth and subsodizing your negative income.

I have heard the phrase, "I woudn't get out of bed for $15 per/hr", but laying in bed you are making zero.
 
#14 ·
I throw all my pocket change in a 5 gallon plastic water bottle every day, pennies and all. It was about 2/3 full, so a month or so ago I was bored and decided that I'd roll all the change up and cash it in. Took me about 4 hours, total. (not all at once) I thought about using one of those change redemption machines at the Safeway, but they pull 10% off the top.

Ended up with about $650 bucks, about $75 in pennies. Paid for the gas on my Christmas trip to Oregon. So was the time it took to roll it up worth the $65 bucks I saved over the Coin-Star machine?

I figure I got paid $16.25 an hour to stuff coin rolls, so I believe that I came out ahead, since I wasn't gettin' paid anything to sit on the couch and watch TV.

Today's penny will be next years $75 bucks.
 
#15 ·
I throw all my pocket change in a 5 gallon plastic water bottle every day, pennies and all. It was about 2/3 full, so a month or so ago I was bored and decided that I'd roll all the change up and cash it in. Took me about 4 hours, total. (not all at once) I thought about using one of those change redemption machines at the Safeway, but they pull 10% off the top.

Ended up with about $650 bucks, about $75 in pennies. Paid for the gas on my Christmas trip to Oregon. So was the time it took to roll it up worth the $65 bucks I saved over the Coin-Star machine?

I figure I got paid $16.25 an hour to stuff coin rolls, so I believe that I came out ahead, since I wasn't gettin' paid anything to sit on the couch and watch TV.

Today's penny will be next years $75 bucks.
That is no shit right there.

I pick em up even though I figured out one time I was losing my ass doing it. :p
 
#16 ·
I think you guys are a bunch of criminals.

You should immediatly transport it to your nearest law enforcement agency. There, they will book it into safekeeping. They will post an ad in the paper per california law, and if nobody claims it in 90 days, it may be returned to the finder.

Man, this is going to cost everyone!:)hand
 
#19 ·
Pick em up... I like giving exact change and hate it when my total bill is $20.02 forcing me to break another bill and load up my pocket with 98 cents in change...

We keep change jugs around the house and cash it in when it starts piling up...

 
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