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War on cash coin shortage

Believe theres another thread on it.

I cannot confirm, nor deny, the federal government is playing dirty tricks on its subjects.
 
TheFlyingDildocupine said:
The goobermint is using this false flag manufactured plandemic to remove coins from circulation because fully traceable electronic only transactions lets the new world order hollow earth lizard people track everything you own and it's also somehow related to the number of the beast in the bibble.
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Or, there is an actual coin shortage due to the employees at the mints being affected by the short staff problems so many other manufacturers experienced. We got notice of the short staffing at the mints several months ago when all this crap started.
 
In my case I have a huge jar of change that the banks have been closed to walk in transactions so it's just sitting there accumulating. I would guess it's at least $150. I'm sure there are more like that.
 
mrblaine said:
Or, there is an actual coin shortage due to the employees at the mints being affected by the short staff problems so many other manufacturers experienced. We got notice of the short staffing at the mints several months ago when all this crap started.
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Not sure how this would create a shortage... It could mean no newly minted coins, but it shouldn't have any impact on coins in circulation.
 
rockota said:
Not sure how this would create a shortage... It could mean no newly minted coins, but it shouldn't have any impact on coins in circulation.
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Exactly, it's not like coins wear out. I don't think the good ol' change bucket would make that big a difference either, Interesting that I've heard of no other countries having this problem. I think something else is afoot here.
 
mrblaine said:
Or, there is an actual coin shortage due to the employees at the mints being affected by the short staff problems so many other manufacturers experienced. We got notice of the short staffing at the mints several months ago when all this crap started.
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Gee, imagine that, a perfectly logical explanation that has nothing to do with tinfoil .gov conspiracies. :flipoff2:
 
Coins just aren't circulating like they normally do. Everyone is doing Door dash with electronic payment instead of getting change at a restaurant and buying things on line rather than in person.

Even when I get something at a restaurant these days I am more likely to use a card or leave the coins to lessen my risk of having Covid exposure, however small that risk is. It must be driving germophobes batty!
 
Johann said:
Coins just aren't circulating like they normally do. Everyone is doing Door dash with electronic payment instead of getting change at a restaurant and buying things on line rather than in person.

Even when I get something at a restaurant these days I am more likely to use a card or leave the coins to lessen my risk of having Covid exposure, however small that risk is. It must be driving germophobes batty!
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By that logic, we shouldn't be facing a coin shortage as coins are just sitting in place and not be exchanged. Any assortment of coins in the register are plenty as they are not, or rarely, used.
 
clodhopper said:
By that logic, we shouldn't be facing a coin shortage as coins are just sitting in place and not be exchanged. Any assortment of coins in the register are plenty as they are not, or rarely, used.
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Perhaps, but remembering my time as a cashier looong ago in a 7-11 people would bring in tons of coins to pay for stuff, especially near payday. Scrape up what is in the jar at home and under the car mats to get what they need. I'll bet much more electronic payments these days both out of covid concern but also on line shopping of almost everything including groceries.

I wonder about paper money. Is there a similar issue?
 
I live in Colorado, work in New Mexico. Drive into NM in the morning and spend all day there. Yesterday when I was headed home, I needed gas. Stopped at the Speedway for fuel and tried to buy an IceCream bar with cash. They said they couldn't give change for cash, so I paid for 1.27 ICB with my debit card. Drive home to Colorado and SO wants to go to the grocery store. At the register my chick asks the gal at the till if they're still taking cash. The gal running the till (who is the daughter of the owner) replies "Is that really a thing?" So my chick has me tell her the ice cream bar story, to which gal running the till says "that's not a real thing" and exchanged our cash and coins no problem. So I asked if they have any problems getting their exchange done with the bank to which she says "no".

So I don't know what TF is going on.
 
JR4X said:
I live in Colorado, work in New Mexico. Drive into NM in the morning and spend all day there. Yesterday when I was headed home, I needed gas. Stopped at the Speedway for fuel and tried to buy an IceCream bar with cash. They said they couldn't give change for cash, so I paid for 1.27 ICB with my debit card. Drive home to Colorado and SO wants to go to the grocery store. At the register my chick asks the gal at the till if they're still taking cash. The gal running the till (who is the daughter of the owner) replies "Is that really a thing?" So my chick has me tell her the ice cream bar story, to which gal running the till says "that's not a real thing" and exchanged our cash and coins no problem. So I asked if they have any problems getting their exchange done with the bank to which she says "no".

So I don't know what TF is going on.
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I've paid cash at the local supermarket here many times in the last year. Never had any problems.
 
clodhopper said:
By that logic, we shouldn't be facing a coin shortage as coins are just sitting in place and not be exchanged. Any assortment of coins in the register are plenty as they are not, or rarely, used.
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Been a very long time since I've been behind a register... I suspect that it's possible that stores are making a bank run in the evenings to off-load their cash, and starting the till with a standard amount of cash in the AM or next shift. I can see that leading to potential shortage during a shift if no coins are coming in... but one would hope the retailer learns from that shift and adjusts...
 
JR4X said:
I live in Colorado, work in New Mexico. Drive into NM in the morning and spend all day there. Yesterday when I was headed home, I needed gas. Stopped at the Speedway for fuel and tried to buy an IceCream bar with cash. They said they couldn't give change for cash, so I paid for 1.27 ICB with my debit card. Drive home to Colorado and SO wants to go to the grocery store. At the register my chick asks the gal at the till if they're still taking cash. The gal running the till (who is the daughter of the owner) replies "Is that really a thing?" So my chick has me tell her the ice cream bar story, to which gal running the till says "that's not a real thing" and exchanged our cash and coins no problem. So I asked if they have any problems getting their exchange done with the bank to which she says "no".

So I don't know what TF is going on.
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I don't know what is going on either but if it were my that ice cream would have got left on the counter unpaid for.
 
JR4X said:
I live in Colorado, work in New Mexico. Drive into NM in the morning and spend all day there. Yesterday when I was headed home, I needed gas. Stopped at the Speedway for fuel and tried to buy an IceCream bar with cash. They said they couldn't give change for cash, so I paid for 1.27 ICB with my debit card. Drive home to Colorado and SO wants to go to the grocery store. At the register my chick asks the gal at the till if they're still taking cash. The gal running the till (who is the daughter of the owner) replies "Is that really a thing?" So my chick has me tell her the ice cream bar story, to which gal running the till says "that's not a real thing" and exchanged our cash and coins no problem. So I asked if they have any problems getting their exchange done with the bank to which she says "no".

So I don't know what TF is going on.
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I live near a small town east of Albuquerque, and multiple stores have signs up saying "No cash transactions." I have no idea what the deal is, but aside from paying people who are trying to avoid taxes and Craigslist deals, I use my credit card 100% of the time, so it doesn't really affect me. I even use my credit card for the 69¢ big gulps from Speedway :flipoff2:
 
There's a lot of math whiz's here. Am I (and others like me) the problem? I absolutely NEVER pay for anything with coins. I can't stand having change in my pocket. I do pay with cash, so I'll buy something with cash and get coins in change. I won't even put the coins in my pocket, I hold them in my hand walk to the truck and put them in my cup holder. Every once in a while I'll go through all my vehicles, collect the coins and put them in a 1 gallon glass jar in the house. About once a year I have amassed about $150 bucks in coins. I used to be able to go to the bank and for free exchange my coins for the cash. Now all the banks near me got rid of their coin machines, and it forces me to use coinstar which charges 10% of your change turned in, to turn it into paper dollars again. I'm not giving 15 dollars to fuck ass coin star to turn my coins into paper which I would carry. So I'm saving the coins as i gather them to give to my kid. I've probably got over $200 in coins sitting around, I know of people who have 5 gallon buckets full of coins.

If we all turned that shit into the banks would this "coin shortage" disappear? Or are coins being pulled from circulation?
 
JR4X said:
There's a lot of math whiz's here. Am I (and others like me) the problem? I absolutely NEVER pay for anything with coins. I can't stand having change in my pocket. I do pay with cash, so I'll buy something with cash and get coins in change. I won't even put the coins in my pocket, I hold them in my hand walk to the truck and put them in my cup holder. Every once in a while I'll go through all my vehicles, collect the coins and put them in a 1 gallon glass jar in the house. About once a year I have amassed about $150 bucks in coins. I used to be able to go to the bank and for free exchange my coins for the cash. Now all the banks near me got rid of their coin machines, and it forces me to use coinstar which charges 10% of your change turned in, to turn it into paper dollars again. I'm not giving 15 dollars to fuck ass coin star to turn my coins into paper which I would carry. So I'm saving the coins as i gather them to give to my kid. I've probably got over $200 in coins sitting around, I know of people who have 5 gallon buckets full of coins.

If we all turned that shit into the banks would this "coin shortage" disappear? Or are coins being pulled from circulation?
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[URL="https://www.coinworld.com/new...www.coinworld.com/news/us-co...id-19-pandemic[/url]

They have brought the staff back in and working pretty hard to help. The article explains some of it.
 
Tizken said:
In my case I have a huge jar of change that the banks have been closed to walk in transactions so it's just sitting there accumulating. I would guess it's at least $150. I'm sure there are more like that.
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I'm one those people that never carries coins, at the end of the day everything gets tossed in a jar. We used to cash it in for Christmas money but haven't needed to in a long time. Probably up to 8 gallons at this point. The local store needs change, I'm thinking of bringing it all in and tell them it's all or nothing!
 
JR4X said:
I used to be able to go to the bank and for free exchange my coins for the cash. Now all the banks near me got rid of their coin machines, and it forces me to use coinstar which charges 10% of your change turned in, to turn it into paper dollars again. I'm not giving 15 dollars to fuck ass coin star to turn my coins into paper which I would carry.
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Yeah it sucks that most banks now dropped their coin counting machines and force you to wrap them. I will say that if you tend to use Amazon at all to buy anything, you can exchange the coins at the Coinstar machine for an Amazon gift card (or a gift card to some other places that you may frequent) and they don't take anything out to do this. Sure it's not as nice as getting cash back, but at least you aren't "paying" fees and don't have to have tubs of coins sitting around.
 
I have a little first hand knowledge of this issue. Yes, it is legitimate. Could be held back, but I don't think so. So from my knowledge, bank lobbies are closed to foot traffic (mine is and all the ones in my town are). Lobby traffic is by appointment only and it better be a decent reason to get inside: safe deposit box, loan signing, account signing.

This leads to people are not turning in coins on a regular basis. Our coin machine use to be emptied once a week, now its about once a month (if we are lucky). The bins hold quite a bit of coinage as well. All this coinage heads back to whoever you use for money handling (ig: Brinks or Loomis). They roll it and put it back into bank circulation when it's ordered again. So if say Brinks isn't receiving it from their customers, they have none to put back out. Which in turn makes the shortage. This is looking at a bank in one city. This is happening all over, so there is no coinage turnover.

The whole people are shopping online and using cards more doesn't do anything for the coinage shortage. Places of business (Brookshires, WalMart, whoever) keep a stock pile on hand. If they say have $10k in coins and they don't use any that day, they are not going to get change orders from the bank that have coinage to pickup.
 
does the vendor have a legal obligation to have the appropriate change? wife went to the store and had this issue, groceries are a cash purchase for us. checker said the 'change' was going to go on her club card.
 
rockota said:
they mint currency (and recycle currency).

They don't "manage" all coins in circulation.
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They mint coinage. When folks stop using coins, it short circuits the supply. No one said they manage all coins in circulation, they just make about 1.2 billion circulating coins per year. They are still on track for that amount so far this year.
 
SanDiegoCJ said:
Gee, imagine that, a perfectly logical explanation that has nothing to do with tinfoil .gov conspiracies. :flipoff2:
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There are coins in circulation that are 50 plus years old.they stamp out millions every year. So with millions upon millions in circulation theres a shortage with 3 months of down time at the mint? Yeah...I'm not buying it.
 
mobil1syn said:
does the vendor have a legal obligation to have the appropriate change? wife went to the store and had this issue, groceries are a cash purchase for us. checker said the 'change' was going to go on her club card.
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Legal obligation or not, if you spend 5.25 at a store and they only have 70 cents in change, what's a law gonna do about that?
 
Well, it actually costs us 2 cents in materials to make a penny... so I imagine they want to get out from under that.
 
Grendel said:
Well, it actually costs us 2 cents in materials to make a penny... so I imagine they want to get out from under that.
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That wouldn't be the case if they hadn't printed so much money and devalued the dollar so bad. Shoulda left it backed by gold :stirthepot:
 
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