Anyone care to explain this. How in the heck does the wealthiest country on the planet run out of coins? I've heard it's mostly due to the Covid Panic like just about everything else these days. Thoughts?
The Great Coin Shortage of 2020
- Thread starter gary_in_neenah
- Start date
favoritos
Well-known member
It is hard to cash them in when you have a pile. We get hundreds of dollars worth of quarters each month. They are a bit heavy to toss into the bank tube. Quite a few of the old normal locations are not doing coin sorting.
It's not a shortage of coins. It is a shortage of circulation.
It's not a shortage of coins. It is a shortage of circulation.
not to sound conspiracist but maybe...meddling in the waters of a cashless society? how long have people saved coins? how long have coins been in circulation? then when banks were offering $5.00 for every $100 in coin?? **** that's better than any savings account, almost encouraging hoarding coin. Me personally.... don't buy it, not for one minute. My shop is right next to a carwash and since this coin shortage came to be made public, watched countless people come and get change and not drop a bit of it in car wash, one lady had a bag, I called the manager, he came, she took $23.00 on quarters, people are just plain ridiculous!... coin shortage? circulation problem? YEAH RIGHT! Now they are claiming aluminum can shortage.... whats next?? how about a media shortage!!!
favoritos
Well-known member
People need coins to do laundry. They have to get them somewhere.
Most of our coins come from a chain of DIY tattoo vending machines.
You pick it, we stick it.
Business was going pretty good until a couple of neck tattoos went out of whack and ended up on the face.
Can shortage is because of drinking at home. It takes more cans instead of kegs.
Most of our coins come from a chain of DIY tattoo vending machines.
You pick it, we stick it.
Business was going pretty good until a couple of neck tattoos went out of whack and ended up on the face.
Can shortage is because of drinking at home. It takes more cans instead of kegs.
Well I did my part. Like most people, I have a jar on the back of my desk and at the end of the day I drop my pocket change in there. Just took a jar in to the bank. You're right, too heavy for the Air Tube, but they have a mechanical drawer attached to the building.
The local liquor store won't make change but they will give me store credit "so I got that going for me, which is nice." Self checkout at Walmart is credit card only, but if you wait in line 10 feet away they'll make change all day long.
I hope someone is writing all this down because in a hundred years nobody's going to believe the crazy year 2020 has become.
The local liquor store won't make change but they will give me store credit "so I got that going for me, which is nice." Self checkout at Walmart is credit card only, but if you wait in line 10 feet away they'll make change all day long.
I hope someone is writing all this down because in a hundred years nobody's going to believe the crazy year 2020 has become.
Here's a nod to Billy Joel that puts it in perspective. https://www.youtube.com/watch?v=lK6tdsVS2tI
How quaint, real coins! Laundromats around here switched to using tokens and debit/credit card operated token dispensing machines 40-50 years ago; too many folks were breaking into the machines and stealing the coins! Some others dispensed their own cards that could be loaded/reloaded from debidt/credit cards.
D
Deleted member 10829
Guest
Last time I was in Walmart I noticed they had a coin sorting machine for no charge.
WorkHardPlayHrd
Active member
I don't think that one gives you cash. If I'm correct that one same as some of the grocery stores in our area, puts money on a card. I prefer to go to the bank and actually take my coins in for cash. You think they're worth more right now?
favoritos
Well-known member
We have not seen anyone offer a premium for coins. It was downright brutal trying to cash them a couple months back. We did a lot of shopping for a place and ran into a few that were charging a fee to give cash back. It has become a little easier to use a bank again, but not all are offering the option. Our banks also require that you do banking with them.(We use a few different banks) I'm not sure if that used to be the policy.
I get the chain stores giving you credit in their stores. That is essentially their fee. I'm not a big fan of those policies. I prefer to shop where I want to shop. I like to spread it around and the local owner is going to get my first call.
I get the chain stores giving you credit in their stores. That is essentially their fee. I'm not a big fan of those policies. I prefer to shop where I want to shop. I like to spread it around and the local owner is going to get my first call.
Last time I went to two different branches of my bank which is a large company, they said they do not take loose change here are some paper sleeves you have to put them then we can take it. So we still are filling up the jar.
WorkHardPlayHrd
Active member
My bank works the same way.
Saw a gas station in the twin cities that said credit, debit, and coins. We are willing to count them it said.