National Coin Shortage - turn in your putting green money markers!
Honestly, nothing would surprise me at this point!
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Sounds reasonable. I've read before that it costs more than $0.01 to mint a penny. Seems like a cost effective plan to get rid of them. We never used them when I was stationed in Turkey. Just round up/down to the nearest nickel and call it a day.
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Seldom.
Right? Even slot machines don't take coins anymore.
I think that may be true also because it costs more than 1 cent to produce a penny.
This is my problem. They don't take any coin in but the tickets guests redeem contain change that needs to be paid out at the cage. So no coin in but a lot paid out daily.
Mark_UK
Legal Alien
I only found out about this coin shortage this morning when I went to try and get some change for work. Wells Fargo wouldn’t give us a single quarter, business account holders only. How is there a national coin shortage???? Isn’t everyone using less cash at the moment and more card transactions?
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Yes! Some of us old folk still use paper money.
blueonblack
...tears on a river
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One of the MOST CORRUPT banks out there with respect to the 2008 meltdown.
"Business accounts" mean friends of their particular mob.
blueonblack
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I've been the canary in the coal mine long enough to expect that retort. Every. Single. Time. A very well conditioned response. It's working.
I just came back from a 2 mile walk.
Too funny. I’m not that old.
I just got a debit card / ATM card a couple months ago. Had to go to direct deposit if I wanted to continue to be paid. I don’t like it. Previously, I received a paper paycheck every week.
We have had a dollar coin here in Canada since 1987 (holy cow has it really been that long) and they also switched to a two dollar coin in 1996. I heard rumours for a while that the five dollar bill was going to go this way also, but then we introduced plastic bills. I'm glad they didn't switch, as it is I can get home at the end of the day and easily have $30 in coins in my pocket. I believe coins cost more initially to mint, however the life span is many times that of a bill.
Most retail outlets around here have signage stating "electronic payment is preferred in order to protect staff however cash is still accepted". I actually cringe now when I see someone using cash or coin.
In a truly Canadian stereotype, the Beer Store had to start accepting return of empties earlier than desired because the brewers were running out of bottles.
I don't know, at least there is a good explanation for the coin shortage. I STILL don't know why folks started hoarding TP.
I'm going to go on Ebay and start flipping my coins. $1.15 for a dollar worth of quarters, $1.25 for a dollar of dimes, etc. My wife and I were talking about this last night, I easily have several hundred dollars in coins currently. Looks like my laziness finally paid off!
we have a few places here in town that are rounding down to get you currency back..
ive also read the coronavirus was the perfect opportunity to end physical money and get everyone electronically tracked.
ive also read the coronavirus was the perfect opportunity to end physical money and get everyone electronically tracked.
Buckeyegolfnut
Well-known member
Yes, and the lobbies were closed, at least here, for quite a while, so businesses couldn't replenish their stock of change. I use my debit card for nearly all purchases any more, except for something very small, like a newspaper for 75 cents. When I buy groceries, the last thing I want to do is hand the cashier money, and have them hand me back change. Money and schools are the two most effective disease spreading mechanisms invented by man!
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One world currency... happening, unfortunately. FDIC UDC, OMG, whatever it is backed by is just a front door. The back door will open soon.
Kind of like shaft flex, driving irons, partial wedge shots, low lofted driver's for high SS...nobody listens but it all comes true. Haha
Kind of like shaft flex, driving irons, partial wedge shots, low lofted driver's for high SS...nobody listens but it all comes true. Haha
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blueonblack
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I remember an episode of "Pawn Stars" where the "old man" had just barrels and barrels of pennies around. He knew what was up.
The episode of course followed the narrative of turning it all in.
And now Rick advertises "life lock."
I bet the Tooth Fairy is in on it as wellIf you guys aren't aware of the brick and mortar bank mob and the piggy bank mob, then you're clearly not paying attention. This is happening right underneath your noses, kids. It's time to pick a side.
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Something is telling me that stores really just want everyone to use credit/debit and don’t want to argue with cash paying individuals. So, you say sorry due to national coin shortage we can only accept credit at this time.
Easy way to get out of any arguments. Smart people.
Easy way to get out of any arguments. Smart people.
I saw a sign at a place tonight saying no change given. Weird.