Coin shortage

[Alpo 7,356]

With this coin shortage that I keep hearing about do you suppose anybody would be willing to pay more than face value? I told up my rolled coinage today, and it's a shade over $500.

[Dubious Don #56333 205]

There ain't no coin shortage! If anything, early in the year because people weren't getting out and transacting bidness, there was a hitch in "the flow". Of course I suppose some people would really like to make ours a cashless country, makes purchases easier to track and control.  Oops, my paranoia is showing.....

Just because I'm paranoid doesn't mean they're NOT after me.......

[Dirty Dan Dawkins 895]

5 minutes ago, Dubious Don #56333 said:

Just because I'm paranoid doesn't mean they're NOT after me.......

Black helicopters, they do exist and they are up to no good 

[Dubious Don #56333 205]

Last time I was at Gunsite, after the dozenth black Blackhawk flew overhead I remarked to my friend Ed that they're only following me. "you too?" was his answer LOL

[DeaconKC 2,208]

The coin shortage happened because businesses panicked and hit the bank branches for coins for change that they normally didn't carry. Our branch always kept extra on hand so our businesses were okay, but those that normally didn't carry enough got caught short.

[Red Gauntlet , SASS 60619 971]

I read about it, but I've never seen or felt it. Still have a pocket full of coins; have never had any merchant or clerk talk about it.

 

I wish the ammo shortage was the same as the coin 'shortage'....

[Finagler 6853 Life 476]

I have no coin shortage. I have jars of coins.

[G W Wade 1,052]

Not coin shortage, but lack of common sense      GW

[Marshal Mo Hare, SASS #45984 7,322]

Fewer visits to laundromats and car washes.

[watab kid 1,180]

ive seen signs in the grocery stores here about it but never had it mentioned to me by anyone else , i have enough to feed the parking meter for now , 

[Dirty Dog Doug 2,150]

my bank has sign "please bring in your coins"

other stores has signs about the "shortage"

[Four-Eyed Buck,SASS #14795 982]

My coin "purse" is still loaded. We rolled the penny jar basically  empty during the summer, though. Things tend to get "tight" here occasionally

[Chickasaw Bill SASS #70001 464]

coin shortage , I don't think so , I got a few 3lb coffee cans full 

 

 way too lazy to roll em up , to heavy to lug out to the truck 

 

  CB 

[Yul Lose 6,641]

Went through a Dunkin Donuts drive through a while back and when the cashier gave me my change she neglected to give me my coin change and said that because of the coin shortage they weren’t giving out coins in change. I told her that I wanted the rest of my change and she said they couldn’t do it so I shut the engine off and told her that I wasn’t moving until I got my change. I got my change.

[Rye Miles #13621 6,846]

I've only been to two stores that only ASK if you can pay by CC or exact change. They don't demand it.

I have about $60.00 rolled up right now, I wait until it's $100 and bring it to the bank. I don't think there's any shortage at all!

[Joke 'um 1,106]

Dimes for sale.  

$2 a dozen.

Limited quantities.

Act soon.

 

PM if interested.

[Marshal Hangtree 2,133]

4 minutes ago, Joke 'um said:

Dimes for sale.  

$2 a dozen.

Limited quantities.

Act soon.

 

PM if interested.

 

You could put them on DimeBroker.

[Utah Bob #35998 16,317]

The grocery store won’t give coins in change. They say they’ll apply it to your store card. Of course if you don’t have a store card they have no choice and have to give you the change.

[Badlands Bob #61228 1,939]

I have lots of spare change in the truck ashtray.   I usually pay with exact change when at the drive-thru.  That way I get rid of the pennies, nickels and dimes.  The quarters I can use at the carwash.

[Utah Bob #35998 16,317]

[Eyesa Horg 1,750]

On 12/21/2020 at 9:10 PM, Alpo said:

With this coin shortage that I keep hearing about do you suppose anybody would be willing to pay more than face value? I told up my rolled coinage today, and it's a shade over $500.

Ocean State Job Lot had quite a deal going on, maybe still do. You could take in change and they would issue you a gift card of sorts with a 40% additional funds to be used at a later time. We traded in $400 in change and received the $160 extra on the card. Only had to leave and come back in to use it. Ya can't beat 40% interest for just rolling up some coins!

[Whiskey Hicks 220]

I do wonder if the metal shortage affects both ammo and coinage right now, what with the trade regulations.

[John Kloehr 1,110]

Just FYI for counting and rolling pennies. It is about a minimum wage activity.

 

I roll my coins and deposit them in the bank every now and then, maybe every couple years. Just to get rid of them as the container fills up. Rarely totals anywhere close to $100.

 

What happened this year is more people used plastic to pay rather than handle cash, and many business shut down, particularly businesses like restaurants which handle a lot of cash.

 

Wait, that sounds like neither should cause a shortage... Well, that's the thing, there really isn't an actual shortage, there is a reduced amount of cash in circulation. Cash in my wallet lasts much longer than it used to even though my spending total has not really changed.

 

What has changed is the rate of circulation, how often each piece of money (paper or coin) changes hands. That slowed, so more coin is sitting in jars or car cup holders rather than going back and forth between people. There is a lack of available coin for making change even though there is no actual shortage of coin.

 

Surprisingly, there is no sign of any (significant) intentional hoarding, but my coin bin weighs a couple pounds and it isn't circulating. Just weighed my bin, it is a little over 3 pounds and only half full. Since my use of cash has slowed, it is not filling as fast. So it isn't circulating as fast.