Went To Meijers today mostly to buy beer for the long weekend. stood inline at the self scan to get up there and see a small note closed to all but Electrical payment! I pay with CASH, so I had to get in another long line! saw a Manger and he said that theres a Coin shortage now, because the mints have been closed due to the C19 crap! 1st that Iv heard of it! has anyone Else? this is in Northern Michigan! I Find it hard to Belive!
That manager doesn't know what he is talking about. It's just that simple. He invented a narrative in his head why his local bank has a shortage of coins. It may be something as simple as they had a bunch, sent it off, and then there was a crunch. Banks don't keep a huge stock of coin or cash on hand, because of bank policy, not because of Covid. Idiots everywhere.
The coronavirus crisis has sparked a nationwide coin shortage that reportedly has retailers pleading with customers for exact change.
The Federal Reserve revealed last month that the pandemic had “significantly disrupted” the supply chain and circulation patterns for America’s metal money. The US Mint has slowed production of coins because of measures meant to protect workers amid the crisis, while coin deposits from banks have also fallen in the past few months, the central bank said.
With demand for coins rising as states began to reopen, the Fed on June 15 started limiting how many pennies, nickels, dimes and quarters it distributed to banks as part of its efforts to “mitigate the effects of low coin inventories.”
Retailers have since started advising customers that coins are in short supply. Some Lowe’s hardware stores have posted signs urging shoppers to pay with exact change or use other forms of payment, as have convenience stores such as 7-Eleven, Pilot and Circle K, according to news reports and social media posts.
“At this point we’re having to call daily to get coin,” Karen Gordon, a 7-Eleven franchisee in Elmira Heights, NY, told local NBC affiliate WETM. “The most we’ve been able to get is $122.”
Supermarket chain Meijer has reportedly taken a different approach by banning cash payments in its self-checkout lanes until the shortage ends. The Michigan-based company is still accepting bills at its staffed cash registers, according to MLive.com.
“While we understand this effort may be frustrating to some customers, it’s necessary to manage the impact of the coin shortage on our stores,” Meijer spokesman Frank Guglielmi told MLive.com.
Fed chairman Jerome Powell recently told lawmakers that the shortage was likely temporary. Coin circulation was starting to improve as states eased lockdowns meant to control the deadly coronavirus, he said at a hearing last month.
“Stores have been closed. The whole system of flow had come to a stop,” Powell told the House Financial Services Committee. “As the economy reopens, we’re seeing coins begin to move around again.”
First time I saw or heard of it was this morning in a convenience store. Stopped for gas, went in to pre-pay with cash like I always do; saw the signs about a coin shortage and asking folks for exact change and if you didn't have exact change you could round it up for some other charity or something. Didn't pay it no mind as my transaction was a straight paper money deal. Things are getting weird indeed.
All I use is cash. They don't want cash, I'll go somewhere else. I'm not buying into this no cash system. Sweden has already done it. They don't take cash. You can't even get cash. Then every few months they ask a bunch of questions. If you don't answer them, your credit card doesn't work.
Guy on the radio in Nashville talk station, said he took all his change to cash it in, his bank refused it said they didn’t have any way to ‘clean it’ so he took it Publix and they was damn glad to get it.
Just saw signs at the Home Depot this afternoon. Paid with exact change at the grocery store. I guess I can take the coin jar and put it in the counting machine at the bank and take the redhead to dinner for my good deed of the month...
This Schiff runs in cycles. Once upon a once, banks made you roll your coins and write your name and acount on each roll so you couldn't cheat them. Then they started begging you to bring in your stash. After that, only branches with counters would accept change, and then only if loose (I witnessed an old gal almost cry when a teller broke open her carefully rolled treasure). Now my bank charges 5% if you bring in more than $25 worth. The Coin Star machines charge maybe 15% unless you take a gift card instead of a cash ticket.
Asked the teller if they were having troubles getting coins yet. She said not yet but they might be getting short. I told her i do save them up but didn't think i had that much at the house.
Gas stations here in town last week were wanting to buy peoples change so they could continue making change. I should take my change jar in and help them out.
Banks around here don’t have coin machines and won’t accept anything but rolled coins. What do they expect. I have a ton of pennies that aren’t worth my time to sit and roll by hand.
That manager doesn't know what he is talking about. It's just that simple. He invented a narrative in his head why his local bank has a shortage of coins. It may be something as simple as they had a bunch, sent it off, and then there was a crunch. Banks don't keep a huge stock of coin or cash on hand, because of bank policy, not because of Covid. Idiots everywhere.
My apologies....the "shortage" is "real" due to "covid19".
Coin shortage because the mint isn't running due to covid? MY ass! As a percentage, new coins are almost nil compared to older ones. The older ones make up almost ALL of the coins we have here. This is another manufactured crisis meant to get us off cash!!!!!!!
Sunsabitches need to be strung up from the neck until dead! They're trying to ruin the US of A and sell out to the globalists and their One World Order.
Went To Meijers today mostly to buy beer for the long weekend. stood inline at the self scan to get up there and see a small note closed to all but Electrical payment! I pay with CASH, so I had to get in another long line! saw a Manger and he said that theres a Coin shortage now, because the mints have been closed due to the C19 crap! 1st that Iv heard of it! has anyone Else? this is in Northern Michigan! I Find it hard to Belive!
i have a dozen or so 5-gallon buckets of coins out in the garage. I would take them to the bank, but Wells Fargo will only accept rolled coins and I'm not going to spend my time doing that.
[quote have a dozen or so 5-gallon buckets of coins out in the garage. I would take them to the bank, but Wells Fargo will only accept rolled coins and I'm not going to spend my time doing that.[/quote]
You and me both! I have two 5 gallon buckets of quarters and four mixed with dimes and nickles, from the store. When they start giving me 5% over face I will turn it in.
I've got containers of coins all over the house, ranging from 3# coffee cans to canning jars to glasses and cups, No idea of combined face value at this time. Been setting aside change so I could do my laundry when I was in college. Came in handy when we decided to buy some more property (about 14 acres) adjacent to our farm. I paid for my share by turning cans full of nickles, dimes and quarters in at the bank . . . Had to set up a special appointment so they could do it.
Went To Meijers today mostly to buy beer for the long weekend. stood inline at the self scan to get up there and see a small note closed to all but Electrical payment! I pay with CASH, so I had to get in another long line! saw a Manger and he said that theres a Coin shortage now, because the mints have been closed due to the C19 crap! 1st that Iv heard of it! has anyone Else? this is in Northern Michigan! I Find it hard to Belive!
Well, now that you mention it, as early as like just yesterday.
Every single self-service checkout aisle at the local Walmart this morning required ‘credit cards only’ due to a coin shortage. So if ya’ wanted to pay with cash, you had to stand in line to be checked out by a human being.
What a crock of sheit. Do they think we believe that all the coins got eaten by Covid?
B.S. cashier is scared to touch them. Mints being closed has nothing to do with coins in circulation...
Th only place they sort of have to pass through a bank is slot machines and coin operated machines... Talk about too many to count. And casinos have been mostly closed..
Thanks guys, its Not been on the News here! another way to stop us from having Money!
It's about control, they can't control what you make under the table. How do the Democrats stop this? make you pay by check, credit card, and direct payment and deposit
For my family coins are not worth carrying around. We just throw them into a jar when we get home. Occasionally we take them to our bank and they run them through the counting machine for paper money. So when I heard about the coin shortage a couple of weeks ago I took my coins to my local bank for exchange. My bank said sorry but we closed our coin counting machines due to COVID. So it's a one way street if we can't return the coins back into circulation. No wonder there's a shortage.
Thanks guys, its Not been on the News here! another way to stop us from having Money!
It's about control, they can't control what you make under the table. How do the Democrats stop this? make you pay by check, credit card, and direct payment and deposit
That's exactly what it is.
With half or more the retail businesses closed for C19, and probably 70% less public retail sales, does anyone actually believe that coins suddenly dried up for retail businesses?
More BS, testing the limits of what we as a free people will put up with.
Democrat two houses away always bitching to the cops about my shooting, etc. , Doesn't the drunk SOB drive into the flower bed yesterday...so I call the cops. Know what the cop told me his excuse was??? He was looking for loose change to make a donation to the "Thin Blue Line" movement. Honest the Christ you can't make up tihs like that!
