Home Forums Hunting & Shooting Hunter's Campfire U.S. Mint Asks For Help Getting Coins Back in Circulation

https://www.nbcdfw.com/news/nationa...tting-coins-back-in-circulation/2414768/

Amid the coronavirus crisis, Americans have largely abandoned cash in favor of credit cards or contactless payments. As a result, there aren’t enough pennies, nickels, dimes and quarters to go around.

Now the U.S. Mint, which manufactures coins, is asking for help.

“There is an adequate amount of coins in the economy, but the slowed pace of circulation has meant that sufficient quantities of coins are sometimes not readily available where needed,” the Mint said in a statement.

“We ask that the American public start spending their coins, depositing them, or exchanging them for currency at financial institutions or taking them to a coin redemption kiosk.

Still, new habits may be hard to break. Americans are finally embracing contactless and digital payment methods after years of reluctance.

“The pandemic has accelerated many of the digital trends that were already underway, but it’s probably pushed us forward five years in five months,” said Greg McBride, chief financial analyst at Bankrate.com.

Can't when bank lobby's are closed.
Coin trade machines are a royal screw

Do not buy that line of bullsheit for one second. Not one.


We'll dump all our coins in response to this request then they'll continue on with their agenda, and we'll be that much closer to their cashless utopia.

It might help if businesses wouldn't disallow coinage. There are signs up some places...some of them government places, that won't allow you to use change to pay for stuff.

All debts, public or private.
Demand a receipt, and watch them count it.

A local Wal-Mart is taking my change without charge. $1395 in pennies, nickles, dimes and quarters this week.

Change needs to abolished anywhoooo.

A penny? Really???!!!

That's a nice haul. Must have been saving them up for a long time.

It represented a not insignificant fixed portion of silver till the Nixon Administration came along. Imagine being able to cash in 140 pennies for an ounce of pure silver today. That was the value of a penny till 1972 ... what is today about one-one-hundredth of $18.00. You could, at any bank, exchange fifty of them, till that year, for a 90% silver half dollar containing 0.3617 troy ounces of pure silver, about a $9.00 value today.

If no one is using cash, WTF is change needed for?

Pennies at the SOS office would be fun......

this! there are 4 US mints capable of a million $ a day in coins, WTF?

Good possibility this is part of a prelude to cashless.

You rarely go wrong when you suspect the worst motives from the powers behind the state.

It's not a coin shortage.... it's a coin collection.

When was the last time someone actually 'spent' a penny.

Get rid of it. They all go into jars...

The pre-1982 US pennies are made of copper, and are worth more than one penny each. From now on, their purchasing power is fairly fixed, and cannot fluctuate that much (except perhaps upwards), unlike the zinc ones (post-1981), which are now about worthless and will continue to drop in purchasing power at a constantly accelerating rate. The fact that pre-1982 pennies are made of copper means that they will always be worth (in exchange for goods) about what they are worth today, which by itself makes them quite valuable as a medium of exchange and store of value. The ancient Romans made many purchases from surrounding civilizations with copper ingots. Copper, like silver and gold, has a fairly constant value (and thus purchasing power) over long periods of time.

My dad used to collect wheat pennies...had a whole jar full. I wonder what ever happened to those...I expect my sisters have them. Lol

I've got a pile of Wheat Pennies, along with a jar full of pre-1982 pennies. Those both are worth saving when you come across them.

I've got a load of coins just sitting around because I never used them. If there was a convenient way to turn them in I'd do it. I'm certainly not going to roll them.