Why Coinstar Inc. Loves Pennies

From NBC and the Associated Press:

62-year-old Edmond Knowles set a world record yesterday when he cashed in 1, 380,459 pennies.

Officials with Coinstar Incorporated sent an armored vehicle to collect the spare change, which was counted at Escambia County Bank.

There is much more, along with photos at the Coinstar site.

Coinstar has long been been ambivalent about my "Ban-the-Penny" campaign. After all, they earn their income off our higher transaction costs.

For more on getting rid of the penny, see Centsless.