perc-o-prince
Well-known member
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
Chuck
U.S. coin shortage?
- Thread starter perc-o-prince
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toploader55
Well-known member
Yes. Heard about this last Friday.
I happen to have a bucket of change I wanted to roll. So, I went to the Bank for wrappers and the teller said "Oh, Thank God... we are so short on change."
I had a few snarky remarks but she was nice and didn't deserve them.
I happen to have a bucket of change I wanted to roll. So, I went to the Bank for wrappers and the teller said "Oh, Thank God... we are so short on change."
I had a few snarky remarks but she was nice and didn't deserve them.
I have a bunch of loose change I'd like to take ot my credit union, but they only do drive through right now and I don't do drive through.
polkanut
Well-known member
Yes, I saw a note last Weds. from the bank the O'Reilly's store I work at put in with our daily currency order. And, the locally owned bank that we use is only servicing coin orders for its own customers at present.
There are advisory signs at my bank drive-through but only on the building windows at the business lane, so can't read all the text from the car lanes, only the larger header line.
I saw something about it when I was at the register at Cracker Barrel last week.
perc-o-prince
Well-known member
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
Chuck
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.
I have a nasty feeling this is the beginnings of physical to digital currency transfer being forced upon us. I hope I'm wrong.
toploader55
Well-known member
While was rolling and sorting coins I thought"What is going to happen to people that have collected Rare Coins for all these years ??? They will be worth nothing ?
I have that gut feeling too that something is brewing...
I have that gut feeling too that something is brewing...
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.
Why are you using cash?
Covid 19 can be easily spread by handling cash.
Many/most stores here in Australia (at least in my corner of the place) have signs up either requesting you to use non-contact forms of payment, or stating outright "due to Covid 19 we no longer accept cash."
Technically cash can be used for any debt but I haven't heard of anyone being enough of an a-hole to push the issue. I guess the business is not allowing you to incur the debt unless you agree to non-cash payment.
They prefer paywave type transactions where your card doesn't even touch the reader, but will allow insert card/use keypad transactions, and sanitize the keypad between customers.
Covid 19 can be easily spread by handling cash.
Many/most stores here in Australia (at least in my corner of the place) have signs up either requesting you to use non-contact forms of payment, or stating outright "due to Covid 19 we no longer accept cash."
Technically cash can be used for any debt but I haven't heard of anyone being enough of an a-hole to push the issue. I guess the business is not allowing you to incur the debt unless you agree to non-cash payment.
They prefer paywave type transactions where your card doesn't even touch the reader, but will allow insert card/use keypad transactions, and sanitize the keypad between customers.
Transactions at work are still running the usual ratio of approx 1/2 cash, 1/2 ccard.
Since the covid 19 issues
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?
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?
golittlesport
Well-known member
Saw that sign at Home Depot yesterday
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
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
Being the Skinflint That I am
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
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
perc-o-prince
Well-known member
Eddie- Always faced and in order here too. I learned it from the "older" ladies I worked at atmy first real job post newspaper delivery. That way, you never mixed the bills up and lessened the chance of giving a wrong bill in change from the till.
re: the change machines at grocery stores, Coinstar and the like charge a premium for using them- 11.9%! However, if you turn your coins into an e-giftcard or donate the coins to charity, there's no fee.
I always just roll ours. We keep a quart Mason jar handy and I roll when it's full. I end up breaking $100 every time!
Chuck
re: the change machines at grocery stores, Coinstar and the like charge a premium for using them- 11.9%! However, if you turn your coins into an e-giftcard or donate the coins to charity, there's no fee.
I always just roll ours. We keep a quart Mason jar handy and I roll when it's full. I end up breaking $100 every time!
Chuck
Chuck
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
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
The bank I used to bank at in Minnesota had the coin sorting machine. I would just take all my coins there, unrolled, and they would dump it in the machine and give me the amount in cash, or deposit in my account. I don't know if they still have it or not, since I left that bank 15 years ago.
