Coin Shortage

#51
#51
Back in my cash days I would throw change in my center console. When I bought gas, instead of topping off to the nearest dollar, I would top off to get rid of my change. Money immediately put back into circulation, no loss of time value of money, and no need for me to store, count, roll, exchange or anything else.
 
  • Like
Reactions: KnoxLandcruiser
#52
#52
If the bank will take it and run it with the coin counter without me having to roll it i have several hundred dollars of change they can redeem.
 
#53
#53
Vol737 said:
For the first time in my life I think I can honestly contribute greatly to a crisis. I have so much change itโ€™s ridiculous. I mean, YEARS worth I havenโ€™t rolled or cashed in.
Click to expand...
images (33).jpeg
 
  • Like
Reactions: Orangeburst, mr.checkerboards, Vol737 and 1 other person
#54
#54
Orangeburst said:
Why? If it comes to the point I gotta concern myself with metal content of a bunch of coinage, it may be time to check out.
Click to expand...

Wisconsin Bank Pays Above Face Value For Coins Amid Shortage

Last week, the Community State Bank (CSB) launched a coin buy-back program to assist local businesses affected by the shortage. The bank is offering customers a $5 bonus for every $100 worth of coins turned in at any of its seven locations.
Click to expand...

For those of you in the back of the class, that's a 5% return...
 
#55
#55
Rasputin_Vol said:
Wisconsin Bank Pays Above Face Value For Coins Amid Shortage



For those of you in the back of the class, that's a 5% return...
Click to expand...

I just read one of the comments to that story. WOW, we are stupid...
picture-81794.jpg

ThaBigPerm
54 minutes ago
That tells you all you need to know. They want to charge you to hold digital bits in their hard drives, but will pay you for physical metal, even if it's mostly lowly zink.
Click to expand...
 
#56
#56
Rasputin_Vol said:
Wisconsin Bank Pays Above Face Value For Coins Amid Shortage



For those of you in the back of the class, that's a 5% return...
Click to expand...

Where did say I have an issue with coinage? We were talking higher alloy content coins, which are rare and not worth the time to sort
I occasionally take $100 or so to the bank after I roll them. I keep one of these in my vehicle and some rolls. Great way to store and empty my pocket. Funny thing is I will be in a store and it will be $20.05 and I have it all in my car. Dangit

1595470624181.jpeg
 
#58
#58
Screenshot_20200723-030558.png
 
  • Like
Reactions: Rasputin_Vol
#60
#60
Is anything not a conspiracy?

Geez, the mint was shut down for a bit and more people are choosing for touchless pay right now. It'll pass soon
 
  • Like
Reactions: 508mikey
#61
#61
MurphyVol said:
Is anything not a conspiracy?

Geez, the mint was shut down for a bit and more people are choosing for touchless pay right now. It'll pass soon
Click to expand...

Youโ€™d think most money, especially change, would pretty much just recirculate without having to continuously print/mint it.
 
  • Like
Reactions: Rasputin_Vol
#62
#62
C-south said:
Youโ€™d think most money, especially change, would pretty much just recirculate without having to continuously print/mint it.
Click to expand...
It's not being circulated because every is doing/requesting touchless. It's obviously much more durable than bills but you still have to mint it.
 
#63
#63
MurphyVol said:
It's not being circulated because every is doing/requesting touchless. It's obviously much more durable than bills but you still have to mint it.
Click to expand...

If everyone is requesting touchless why does virtually every business have signs up wanting your coins?
 
  • Like
Reactions: Rasputin_Vol
#66
#66
hog88 said:
You mean if I give them money they give me
food?
Click to expand...
Literally the second paragraph of the article.

At one Chick-fil-A in Lynchburg, Va., the company is offering coupons for a free entree in exchange for every $10 in rolled coins that guests provide, in addition to the same amount in cash.
Click to expand...
 
Last edited:
  • Like
Reactions: hUTch2002
#68
#68
MurphyVol said:
Is anything not a conspiracy?

Geez, the mint was shut down for a bit and more people are choosing for touchless pay right now. It'll pass soon
Click to expand...
Probably had something to do with throwing $3T into the economy with absolutely no monetary backing whatsoever. And you have people cashing unemployment checks and whatever else with less money circulating. It would take the mint a couple years to make the fractional currency needed to represent these aid packages.
 
  • Like
Reactions: Rasputin_Vol
#69
#69
DancingOutlaw said:
Probably had something to do with throwing $3T into the economy with absolutely no monetary backing whatsoever. And you have people cashing unemployment checks and whatever else with less money circulating. It would take the mint a couple years to make the fractional currency needed to represent these aid packages.
Click to expand...

Exactly. The mint being shut down didn't help, but just like you said, even if it was in full production, the amount of money created would have been too much for them to keep up with anyways.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top