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Severe Coin Shortage in U.S. ?!?!?!? Huh?

  • Thread starter Thread starter kiddiccarus
  • Start date Start date Jul 15, 2020

kiddiccarus

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#1
  • Jul 15, 2020
  • #1
Please post signs like this that you see I. Your community.


WTF............... So I have been seeing things like this around town.

How can we have a coin shortage?
Did the tooth fairy suddenly become real?
Did Dr Evil come in a melt all of our change?

I have a customer here that works at the local bank.

The running policy was to never take in coins unless they were rolled and then get a bunch of information in case it was short.

Now they are being instructed to take in all coin and hand out very little if any.

She believes that someone is orchestrating the beginning of the one monitory system (enter conspiracy theories here).
 

Adieu

Easy there, this ain't a dating site.
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#2
  • Jul 15, 2020
  • #2

Why is There a Coin Shortage in the U.S.?

The Federal Reserve has convened a U.S. Coin Task Force to tackle the national coin shortage caused by the coronavirus crisis.
www.newsweek.com
 

kiddiccarus

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#3
  • Jul 15, 2020
  • #3
for the influx of new coins, I would tend to agree. The amount of coin that is already in circulation has not decreased as an amount. The amount changing hands may have slowed but the term "Severe Shortage" is probably the wrong way to say it. I have not experienced a shortage of coin at my shop and I have a fkton of coin in my safe at home because I have just been lazy over the years to even take it to the bank. Had nothing to do with Covid, just not wanting to deal with them taking a cut for them to count it.
 

Adieu

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#4
  • Jul 15, 2020
  • #4
kiddiccarus said:
for the influx of new coins, I would tend to agree. The amount of coin that is already in circulation has not decreased as an amount. The amount changing hands may have slowed but the term "Severe Shortage" is probably the wrong way to say it. I have not experienced a shortage of coin at my shop and I have a fkton of coin in my safe at home because I have just been lazy over the years to even take it to the bank. Had nothing to do with Covid, just not wanting to deal with them taking a cut for them to count it.
Click to expand...
A lot of financial institutions are only offering limited services right now, meaning even businesses are having a hard time getting change orders filled from their local banks or bank branches.
 

timeless2

Vi Veri Veni Versum Vicus Vici
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#5
  • Jul 15, 2020
  • #5
Panic breeds panic. Idiots.
 

Adieu

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#6
  • Jul 15, 2020
  • #6
timeless2 said:
Panic breeds panic. Idiots.
Click to expand...
Absolutely. Advertising the coin shortage will lead to the same kind of idiotic hoarding we had for toilet paper.

On top of that, I've seen several places offering to buy up coins you have, which means if enough people take them up on that we could end up in a paper money shortage.

One of the dirty truths nobody in this country talks about is just how much gets done thanks to the underground economy that depends entirely on cash to work. If you want to see a bigger economic collapse, let the paper money supply dry up.
 

Ronin38

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#7
  • Jul 15, 2020
  • #7
Food for thought...
@timeless2 I think this would have been better with "V" reading the script, but the Joker works, too.

View: https://www.youtube.com/watch?v=MtZJMGHXvLU&feature=emb_title
 

Jinx

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#8
  • Jul 20, 2020
  • #8
I thought the shortage was due to a recall of all minted coins bearing white racist on them, so they could be replaced with unicorn and rainbow coins.???
 
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kiddiccarus

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#9
  • Jul 20, 2020
  • #9
Jinx said:
I thought the shortage was due to a recall of all minted coins bearing white racist on them, so they could be replaced with unicorn and rainbow coins.???
Click to expand...

Protester - "I refuse to use any type of currency that depicts anyone who has ever owned a slave!!!"

Me - "Your going to be broke!!!!!"
 

Mustang5L5

That is…until I whipped out my Bissell
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#10
  • Jul 20, 2020
  • #10
Seems pretty common sense really. at least from my perspective.

I'm an avid coin collector, so I like to deal in cash so I can inspect my change for cool older coins (which I do get from time to time). But in March, I went strictly cashless. I usually go to my local bank which has a machine, but that was closed (and only recently reopened) so that wasn't an option.

I have a 5 gallon water jug filled with coins, but going to the bank right now to cash them in doesn't seem a priority when I've been ordering most everything online now (I got used to this over our long shutdown) or use my "tap-to-pay" credit card to pay for this. Any cash transactions I make, I toss the coins in my water jug and they just sit.

If someone wants to pay me face plus 5%, i'll go turn in my coins. But they can sit where they are for now.
 

kiddiccarus

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#11
  • Jul 20, 2020
  • #11
Mustang5L5 said:
If someone wants to pay me face plus 5%, i'll go turn in my coins. But they can sit where they are for now.
Click to expand...
I have an ugly face, but I can send you many pictures of it if you like. I hear that the camera adds 10%/# so that should more than cover the conversion. Would that work for the coins?
 
Last edited: Jul 20, 2020

Adieu

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#12
  • Jul 20, 2020
  • #12
kiddiccarus said:
Protester - "I refuse to use any type of currency that depicts anyone who has ever owned a slave!!!"

Me - "Your going to be broke!!!!!"
Click to expand...
Five dollar bills, pennies, dimes, Sacagawea dollars... You have options.
 
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7991LXnSHO

wanna catch the space herp
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#13
  • Jul 20, 2020
  • #13
Too many dollar coins make my pants saggy. Then I either need suspenders or become a professional electrician or plumber.
If the inside of the bank is open only by appointment, I bet there are plenty of those change jars and buckets waiting for a more convenient time.


74stang2togo said:
Five dollar bills, pennies, dimes, Sacagawea dollars... You have options.
Click to expand...
 

Mustang5L5

That is…until I whipped out my Bissell
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#14
  • Jul 20, 2020
  • #14
7991LXnSHO said:
If the inside of the bank is open only by appointment, I bet there are plenty of those change jars and buckets waiting for a more convenient time.
Click to expand...

Exactly. The most logical explanation is usually the most likely.

But...I have seen plenty of conspiracy theories on this.

 

Adieu

Easy there, this ain't a dating site.
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#15
  • Jul 20, 2020
  • #15
Mustang5L5 said:
Exactly. The most logical explanation is usually the most likely.

But...I have seen plenty of conspiracy theories on this.

Click to expand...
It's totally aliens.
 

7991LXnSHO

wanna catch the space herp
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#16
  • Jul 20, 2020
  • #16
Are the aliens saving them for the slot machines in Las Vegas or Reno?
 

kiddiccarus

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#17
  • Jul 20, 2020
  • #17
Who Sanitizes the Bank Tube in the Drive-Thru?
 

7991LXnSHO

wanna catch the space herp
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#18
  • Jul 20, 2020
  • #18
For the buttons and the shuttle, Monk demonstrates proper technique with wet wipes and attitude about germs. For the actual pneumatic tube, I think there is a Muppet with a feathered boa that takes care of that. Send Kermit back and forth a few times and the tube is squeaky clean.
 
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