General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSO does anyone know what's going on with a coin shortage???
Sprouts had a sign up asking customers to pay with checks or debit cards, because coins are in short supply. Someone else saw one at Lowe's Apparently they are not getting back into circulation from the banks.
Historic NY
(37,449 posts)pay in coin if you have them.
Captain Zero
(6,714 posts)no coins. use cards.
cayugafalls
(5,631 posts)TexasTowelie
(111,292 posts)The grocery store doesn't accept it because it has a CoinStar machine in the building that charges about 11 percent to convert the change into another form (either paper currency or added to credit cards).
roamer65
(36,739 posts)Time to release those and direct banks to pay them out.
You can also help by telling cashiers to forget the pennies.
Beakybird
(3,329 posts)greyl
(22,990 posts)TeamPooka
(24,155 posts)Beakybird
(3,329 posts)Laffy Kat
(16,354 posts)I've been taking mine to the Coin Star kiosk at the grocery store and of course that takes a percentage out, so I think I'll start turning the coin to bills at the bank from now on.
PoindexterOglethorpe
(25,746 posts)Essentially, people aren't returning coins to circulation as readily as they had been doing before all this. And apparently, despite the fact that some people never carry cash these days, just use a debit or credit card, the amount of coins normally circulation is billions of them.
I personally do a minor hording of coins. I pay for most day-to-day things (groceries, restaurant meals) and whatever coins I get in change I toss into a jar which I bring to the bank perhaps once or twice a year. I get about $125.00 most of the time. I've been doing this for about ten years.
BamaRefugee
(3,476 posts)safeinOhio
(32,527 posts)turn everyone gay.
BamaRefugee
(3,476 posts)Grokenstein
(5,707 posts)...and can't figure out why the laundromat doesn't go with a token system, since to hear them tell the tale assholes come drain the change machine every day. But I noticed even my 7-Eleven has a sign out asking folks to use credit/debit cards whenever possible.
Hekate
(90,189 posts)Coins are in the same category dirty.
Ive been paying for things with my credit card and putting it in a special baggie in my purse.
Grasswire2
(13,564 posts)My Kroger has been out for three weeks. NONE on the several shelves that are usually full.
dalton99a
(81,065 posts)Federal Reserve says nationwide shutdowns have caused coin shortage
By: Amanda VanAllen
Posted at 10:07 PM, Jul 03, 2020
CLEVELAND They are running out of cash. Snappy Gas Mart in Cleveland relies on getting coins for change from local banks, but right now thats not an option.
"It had been about 10 days since the last time we had gotten any currency from them, whether it was paper or change, said Russ, a manager at Snappy Gas Mart.
The Cleveland gas station is not alone.
The Federal Reserve said this is all happening because of the nationwide shutdown orders.
When bars, restaurants and other businesses were forced to close, that broke up the normal flow of bills and coins.
Response to yellowdogintexas (Original post)
geralmar This message was self-deleted by its author.
Straw Man
(6,613 posts)I suspect many are doing the same.
safeinOhio
(32,527 posts)All tax and prices need to be rounded up or down to the nearest dollar. Every fifty cents in change rounded to zero if under fifty cents and up to a buck if fifty or over. Seems like it would be a wash.
onethatcares
(16,132 posts)the preppers began hoarding modern coins to use when the system goes down. Since silver and gold haven't been available since 1964 they've collected all the junk metal coins and will be trading them at a premium for groceries and toilet paper when it really gets bad.
Word of warning. DO NOT TRY BITING OFF A SECTION OF A MODERN AMERICAN QUARTER...YOU WILL BREAK A TOOTH