Thread Number: 83668
/ Tag: Other Home Products or Autos
U.S. coin shortage? |
[Down to Last] |
Post# 1080082   7/6/2020 at 17:30 (1,383 days old) by perc-o-prince (Southboro, Mass)   |   | |
Checkrate/Likes
 
1    
May not be the right forum, but has anyone else heard of this? I didn't know it was a thing" 'till I saw the sign at Lowe's checkout. Chuck
View Full Size
|
|
Post# 1080083 , Reply# 1   7/6/2020 at 17:33 (1,383 days old) by toploader55 (Massachusetts Sand Bar, Cape Cod)   |   | |
Checkrate/Likes
 
3    
|
Post# 1080084 , Reply# 2   7/6/2020 at 17:39 (1,383 days old) by appnut (TX)   |   | |
Checkrate/Likes
 
     
|
Post# 1080088 , Reply# 3   7/6/2020 at 17:47 (1,383 days old) by polkanut (Wausau, WI )   |   | |
Checkrate/Likes
 
1    
|
Post# 1080089 , Reply# 4   7/6/2020 at 17:51 (1,383 days old) by DADoES (TX, U.S. of A.)   |   | |
Checkrate/Likes
 
1    
|
Post# 1080090 , Reply# 5   7/6/2020 at 17:52 (1,383 days old) by CircleW (NE Cincinnati OH area)   |   | |
Checkrate/Likes
 
1    
I saw something about it when I was at the register at Cracker Barrel last week. |
Post# 1080106 , Reply# 6   7/6/2020 at 19:33 (1,383 days old) by perc-o-prince (Southboro, Mass)   |   | |
Checkrate/Likes
 
     
So, any ideas on what's causing it?? Can't be that there is that much "exact change" used by consumers that the CV closures have affected it, can it? Chuck |
Post# 1080115 , Reply# 7   7/6/2020 at 20:53 (1,383 days old) by qsd-dan (West)   |   | |
Checkrate/Likes
 
7    
Saw this pop up on another forum last week. This kind of BS throws up a bunch red flags on my radar. The Federal Reserve claims the manufacturing of coins has slowed due to the virus but I call bullshit on that. The average life of a coin is at least 40 years and it's not like people all of the sudden started hoarding them or tossing them in the trash.
I have a nasty feeling this is the beginnings of physical to digital currency transfer being forced upon us. I hope I'm wrong. |
Post# 1080118 , Reply# 8   7/6/2020 at 21:09 (1,383 days old) by toploader55 (Massachusetts Sand Bar, Cape Cod)   |   | |
Checkrate/Likes
 
1    
|
Post# 1080119 , Reply# 9   7/6/2020 at 21:49 (1,383 days old) by Tomturbomatic (Beltsville, MD)   |   | |
Checkrate/Likes
 
     
Except for lottery tickets, I have been using plastic for everything. I read that many customers were using plastic because they were wary of getting exposed to the virus so they were using plastic so I decided to use it, too. |
Post# 1080160 , Reply# 11   7/7/2020 at 10:25 (1,382 days old) by DADoES (TX, U.S. of A.)   |   | |
Checkrate/Likes
 
2    
|
Post# 1080163 , Reply# 12   7/7/2020 at 10:57 (1,382 days old) by ozzie908 (Lincoln UK)   |   | |
Checkrate/Likes
 
1    
There is a toll bridge on the Humber river between us and Hull and I went over it once with no change and so had to park up cross 8 lanes of cars and go to the office to pay for both trips on the bridge.
Went over it Thursday last week and got the change ready to hand to the cashier, No coins I was told its card only and on the front of each booth window is a card reader so you can do contactless payment its now the rigour of nearly every shop that NO cash is required just card payments. Are we going the same way? |
Post# 1080171 , Reply# 13   7/7/2020 at 11:54 (1,382 days old) by Golittlesport (California)   |   | |
Checkrate/Likes
 
1    
Time to start rolling that coin and turning it in, folks!
Years ago when my son was still at home, we had a bucket in the pantry that we tossed loose coin into. Being a male household with pockets in stead of purses, spare change was always emptied into the tub when entering the house. When the tub filled, I told him if he rolled all the coin in the bucket that he could have it. He did and made over $500!! If there are others out there like us, we all may be causing this coin shortage. LOL |
Post# 1080178 , Reply# 14   7/7/2020 at 12:18 (1,382 days old) by ea56 (Cotati, Calif.)   |   | |
Checkrate/Likes
 
1    
I carry an old fashioned coin purse in my pocket for coins and bills. I haven’t carried bills in my wallet for over 30 years or more. This way I almost always have exact change when I pay with cash, which is less frequent all the time now. Its much easier to keep track of my cash this way, no stray coins come flying out my pocket when I pull out something else from that pocket. And having been a waiter in my teens and 20’s off and on I always keep my bills “faced” and in the numerical order of their denomination.
Even though I don’t pay with cash often I would hate for it to disappear. If everyone did what I do and paid with exact change when paying with cash maybe we wouldn’t have a shortage of coins.
For those that don’t want to go to their bank or CU to cash in their coins, many large grocery stores have change counting machines near the front of the stores. I’ve not used one myself, but I believe the process entails dumping your coins into a hopper and the machine counts and sorts the coins and issues bills for the total you placed into the machine. This is a good way to avoid having to roll the coins.
Eddie |
Post# 1080189 , Reply# 15   7/7/2020 at 12:44 (1,382 days old) by qsd-dan (West)   |   | |
Checkrate/Likes
 
1    
Should I put this back into circulation or hold on to it as a future novelty?
View Full Size
|
Post# 1080210 , Reply# 17   7/7/2020 at 16:02 (1,382 days old) by ea56 (Cotati, Calif.)   |   | |
Checkrate/Likes
 
2    
I didn’t realize that the fee for these change sorting machines was so high. All the more reason to use your change for exact paymt of cash purchases on an ongoing basis. This way it never builds up.
Or, if you like to use your excess daily coin pocket change as a means of saving, keep a supply of the coin rolling tubes on hand and when your coin container gets full, wrap em, roll em and cash em in.
No way am I gonna give someone 11.9% of my coins saved for the convenience of having them count and roll em.
Eddie |
Post# 1080214 , Reply# 18   7/7/2020 at 16:49 (1,382 days old) by countryford (Austin, MN)   |   | |
Checkrate/Likes
 
3    
|
Post# 1080240 , Reply# 20   7/7/2020 at 19:29 (1,382 days old) by qsd-dan (West)   |   | |
Checkrate/Likes
 
3    
I did some digging and it appears the last coin shortage was in the 1960's after a switch to clad coinage from silver. People were hoarding older coins which caused a temporary shortage until clad coins flooded the market.
"Stink Eye" mode remains in effect.
View Full Size
|
Post# 1080255 , Reply# 22   7/7/2020 at 21:20 (1,382 days old) by combo52 (50 Year Repair Tech Beltsville,Md)   |   | |
Checkrate/Likes
 
6    
My Credit Union lets us just dump coins in their machine for free.
About once a year I take all my spare change including lots that were found in FL washers traps, some of it is really dark and discolored, Last time the Lady working at the CU said I should keep my coins in a dry location when she saw how discolored some were, LOL
I have long thought that the US Government should encourage people to return change , maybe by requiring banks etc to have free sorting machines.
It is both wasteful and unpatriotic to hard coins, you are costing the USG money [ your money too ] because they have to make many times the number of coins actually needed.
It is also environmentally unsound to hoard coins, doing so wastes energy making something that the world does not need, the amount of mining world wide to get the metal and the Hugh amount of energy consumed making and disturbing new coins much of which could be eliminated, use of Coin and even paper money is going way down, it really might not even necessary to ever make any more metal coins.
John L. |
Post# 1080261 , Reply# 23   7/7/2020 at 23:06 (1,382 days old) by Supersuds (Knoxville, Tenn.)   |   | |
Checkrate/Likes
 
2    
"I did some digging and it appears the last coin shortage was in the 1960's after a switch to clad coinage from silver. People were hoarding older coins which caused a temporary shortage until clad coins flooded the market."
No, there was a shortage of pennies in the 1970s, when the price of copper went up, too. This was solved by making pennies mostly of zinc. |
Post# 1081161 , Reply# 24   7/15/2020 at 15:20 (1,374 days old) by qsd-dan (West)   |   | |
Checkrate/Likes
 
     
And so it begins...
View Full Size
|
Post# 1081164 , Reply# 25   7/15/2020 at 16:07 (1,374 days old) by RP2813 (Sannazay)   |   | |
Checkrate/Likes
 
2    
The Hotel St. Francis in San Francisco apparently still offers a money washing service (not to be confused with shady "laundering" practices), which began in 1938 when coins were still made of silver. Oh, the scandal of spending "dirty money" and soiling one's gloves!
CLICK HERE TO GO TO RP2813's LINK |
Post# 1081167 , Reply# 26   7/15/2020 at 17:08 (1,374 days old) by petek (Ontari ari ari O )   |   | |
Checkrate/Likes
 
3    
Not that there's a coin shortage here I know of.. but the Imperial Theatre, formerly the Capitol where I got my first job at 16 y.o., and is now a live theatre owned and operated by the Sarnia Little THeatre group is struggling having to be closed. Today the ran a fundraiser called A Bit of Change or something asking people to donate their coins, which you can't redeem at a bank right now anyways, so I took a pailful I've beeing adding to for perhaps a decade, all quarters, dimes and nickels. I'm guessing there would be at least $200 if not more in it. But I hate to see them go under and the theatre shut down.
|
Post# 1081222 , Reply# 28   7/16/2020 at 10:06 (1,373 days old) by DADoES (TX, U.S. of A.)   |   | |
Checkrate/Likes
 
3    
|
Post# 1081363 , Reply# 29   7/17/2020 at 09:41 (1,372 days old) by vacerator (Macomb, Michigan)   |   | |
Checkrate/Likes
 
     
Yet want's everything else opened! Di Di Duh! "Twighlight Zone" music. |
Post# 1081857 , Reply# 30   7/21/2020 at 11:13 (1,368 days old) by Revvinkevin (Tinseltown - Shakey Town - La-La Land)   |   | |
Checkrate/Likes
 
2    
When I went to the grocery store the other day, I went to pay with cash. The cashier mentioned the going shortage, saying they are not giving out (coin) change and asked me if I wanted to donate to change (rounded up to the next dollar) back to the store, or donate to the current charity box there at the checkstand. I paid with a card. |
Post# 1082234 , Reply# 31   7/24/2020 at 14:27 (1,365 days old) by Davey7 (Chicago)   |   | |
Checkrate/Likes
 
     
We ran into this just over the Wisconsin border last weekend at Woodmans (pay for groceries with card anyways) but it was notable. |
Post# 1082238 , Reply# 32   7/24/2020 at 14:41 (1,365 days old) by perc-o-prince (Southboro, Mass)   |   | |
Checkrate/Likes
 
     
I'd question the legality of them accepting cash as a payment but not giving change! And, they'll take the change and put it in the charity box, but not give it to you? Chuck |
Post# 1082244 , Reply# 33   7/24/2020 at 15:45 (1,365 days old) by neptunebob (Pittsburgh, PA)   |   | |
Checkrate/Likes
 
1    
|
Post# 1082502 , Reply# 34   7/26/2020 at 16:26 (1,363 days old) by Jetcone (Schenectady-Home of Calrods,Monitor Tops,Toroid Transformers)   |   | |
Checkrate/Likes
 
     
|
Post# 1083038 , Reply# 36   7/30/2020 at 03:35 (1,359 days old) by SudsMaster (SF Bay Area, California)   |   | |
Checkrate/Likes
 
     
|