Posted on 07/15/2021 10:41:20 AM PDT by jimjohn
If I only had my college Sparklett’s bottle with years of everyone’s spare change.
Winco grocery store had self checkout lines that took cash. They changed them to debit cards about 2 weeks ago with “Due to coin shortage” signs.
When I moved my parents last year I found 10 coffee cans full of loose change.
Pardon me for sounding insulting, but WTH is it with people having buckets of coins around the house?
Some months ago as a birthday gift I offered to clean up a friend’s work truck with the understanding - as a joke - that I got to keep any change I found. Two hours later his truck was washed and the carpet shampooed. And I was $22 richer - all in small change that had been tossed on the floor or pitched under the seats.
“What’s wrong with you people?” RC Sproul
Businesses can't get coins. Coins are distributed through Fed reserve banks. If there is no demand why can't local businesses get all the coins they want from the fed? Why is there a shortage of something that there is little demand yet massive supply? Why the rationing of coins from the fed?
This has nothing to do with people using plastic and everything to do with fed banks decreasing the supply of coinage. That's not supply and demand, it's government rationing.
Banks get their coins through deliveries from the local federal reserve banks. Order some coins from your bank and they will come in cardboard boxes just as the come from the fed reserve.
No plastic. Sorry.
The Man Who Bought One Million Dollars Worth Of Nickels
Kyle Bass has acquired one million dollars worth of nickels (20 million coins) because their value as scrap metal marginally exceeds their value as money. He obviously is expecting a strong price inflation that will boost the metal value of the coins much more. Which will result in their disappearing from general circulation, just like the 1932-1964 Washington quarters and the 1946-1964 Roosevelt dimes have. The metal value of the Washington quarter is now $5.89 and the Roosevelt dime melt value is $2.34.
Thanks for the correction.
I misread and misinterpreted the article.
I’ve worked 45 days in a row. My brain isn’t all there either.
I’m sure big city banks do, but out here tiny town fly over country, I’ve seen the put the rolls from the counting machine into their cash drawers.
This may be why big city banks charge counting fees, because they are paying shipping on unrolled coins to the fed and on rolled coins back from the fed.
Tiny town banks aren’t that dumb. I only bank at credit unions and small locally owned banks because they still seem to have common sense.
I'm sure they do that in small towns like you said. However here in DFW we have seen the same coin shortages yet we have a fed reserve bank in Dallas. Here if you ask for a couple boxes of nickles they will usually come directly from the fed reserve bank. Yet there is a supposed shortage of coins. I believe the shortage is due to the .gov just not doing their job and causing this shortage deliberately. This forces people to use their traceable plastic.
It's no secret the .gov wants to get rid of cash transactions and has been trying to implement ways of tracking them for some time. They really want cash to go away so you can't EVER be anonymous.
Yeah. A symptom of the lockdown. We’re finally getting back to “coin-normal” around here.
Did you coin that phrase?
I don’t know about coins, but they are afraid of paper currency.
I took my nephew to the ER Monday night, beasuse he was running a fever that ranged from 100 - 102 since Thursday, with full body aches. By Monday evening he couldn’t take it anymore, so I took him in. Of course, he tested positive for covid. Now I am in quarantine too.
Tuesday morning I went to a drive-thru pharmacy and Walmart. I had to do the curb delivery service at Walmart, and tried to tip the young man who put the bags in the trunk of my car while I stayed in the drivers seat, but while looking longingly at the cash in my hand, he said that they are not allowed to accept tips.
“I’ve been hearing this for a while.
“I actually think this is part of the war on cash. It’s a commie plot to incrementally get rid of cash transactions. They want everyone to pay with a traceable bank card. The and credit card companies are in their pocket. Coins are distributed through the Federal Reserve. That should be the give away.”
__________
One Guy’s thoughts exactly.
__________
“Don’t fall for it. Insist on paying cash as often as possible and getting change back.”
__________
One Guy’s behavior exactly.
:-)
US nickels of the WW2 era had 35% silver content.
I got a couple of large pickle jars full of quarters, dimes, nickels and tons of pennies if you want to change them for dollars.
Are you in Oregon? Lol
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