The E-Sylum:  Volume 9, Number 16, April 16, 2006, Article 32

COIN JARS AROUND THE WORLD

Dick Johnson writes: "If you thought you were unique by tossing
your loose change in a jar at the end of the day, you are not.
In fact, it's a trait pretty much universal around the world,
and it has been for hundreds of years (as evidenced by many
unearthed coin hoards found in jars).

Here is a report from Ireland that 60 percent of all Irish
households have a coin jar."

"SOME €40m in loose change which is sitting in jars and piggy
banks in homes has been targeted by a company that provides
machines at shopping centres that sort the change and return
vouchers.

Change Depot Ltd already has a number of machines for collecting
the coins in shops, and plans to expand its operation. It believes
that €40m worth of euro coins is sitting in piggy banks, dresser
drawers and sofas."

"According to the company's research, 60pc of Irish households
keep a coin jar or container and amass about €5.50 per week or
€286 per year in stored change.

Change Depot boss Eugene Bent contends that the Irish are the
biggest hoarders of small change in Europe."

"Most people underestimate the value of the change they've
accumulated. Most people who show up at a Change Depot machine
think they have €10 or €15, and statistically they usually
have €30.

"People typically underestimate their coin jar by half," Mr
Bent added."

To read the full article (registration required), see: Full Story

  Wayne Homren, Editor

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