Announcement

Collapse
No announcement yet.

Coin Shortages are the New Toilet Paper

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Coin Shortages are the New Toilet Paper

    I've just been reading about the coin shortages in the US. Apparently another fall out from the pandemic. People are not shopping as much, cash & coins not flowing through the economy as usual, the mints are working with fewer employees so are not producing as many new coins, etc. Some stores now are rounding up or rounding down to the closest $ or not giving back coins at all, but some sort of credit. Some stores want you to use only debit or credit, no cash at all. Hmmm, this makes me wonder if this is a push to work towards a cashless society? Or is it really just the COVID concern. Something to think about. Most of the articles I read indicate the coin flow should improve.

    #2
    When our state first shut down, one of my projects to keep me busy was to roll all my loose coins (I had a VERY large jar of them). My plan to take them to the bank was put on hold as our bank lobbies were closed and they won't take rolled coins at the drive thru. Now here I sit with quite a bit of rolled coins and I'm thinking how many of us have a jar full of coins that they could use at the grocery store! If all of us who have a coin stash did that, I bet we could make a big dent in this so called shortage! But truth be told, I do believe it is part of the "plan" to move us to a cashless society! But I'll spend my coins now, while I can as I believe in the near future they will be worthless.

    Comment


      #3
      Back before Thanksgiving, we took a lot of coins to the grocery store and put them through the Coin Star machine. It's a whole lot easier than rolling and taking to the bank. We actually had enough to buy all the groceries for Thanksgiving dinner!
      ~ Carol from PA

      Comment


        #4
        Hmm....I have an 18 year collection; my dire emergency stash.....
        TRUTH is seldom appreciated, unless you happen to agree with it. When you don't agree, you just call it rude.

        Comment


          #5
          I should have waited to empty my coin jar. lol, I put coins back in circulation in April or May, shouldn't be that much of a shortage now!
          Katrina
          “Nothing can dim the light which shines from within.” Maya Angelou

          Comment


            #6
            Originally posted by Dove View Post
            Back before Thanksgiving, we took a lot of coins to the grocery store and put them through the Coin Star machine. It's a whole lot easier than rolling and taking to the bank. We actually had enough to buy all the groceries for Thanksgiving dinner!
            I use to do that, but it seemed every time I did, I broke (or jammed) the machine. Then the cost kept going up, when it hit 10% I stopped.

            Comment


            • KarenC
              KarenC commented
              Editing a comment
              I'm with you. When using the machine at the credit union, they charge you a fee for using the coin counter, even if you just deposit the money in your savings account. I will roll my coins and give it to them as a deposit, so they can recount it.

            #7
            Money is very dirty. Just think of all the people who don't wash their hands after using the toilet! Then they handle money! Ever been to a casino and play the slot machines - remember how dirty your hands get? I was told it is easier to sanitize your debit/credit credit card. Don't worry about it right now. There's enough stuff going on now just trying to stay well.
            Vonnie

            Comment


              #8
              I have two of those large glass water bottles things that I put change in one for each grandchild in the closet. Kaylee's is almost full . I write them notes with the date on paper bills roll them up and stick them in the jug. Some of the things I have written are little miles stones in their life like pulling the first tooth, first day of school. Kaylee has one that says you bit a boy in K-4 today. My mom would also write them notes on money and put in the jar. ( probably against the law to write on money but oh well.) I thought it would be fun when they are grown to sit and read the notes different people had written them and they can roll up the change.
              No, I don't care this could be drawing interest in the bank. Its a grand mommy thing.

              Last edited by TMP; July 20, 2020, 09:08 PM.

              Comment


              • MSN
                MSN commented
                Editing a comment
                The interest rates are so low, it doesn't matter. The grand mommy thing is WAY better!

              • SallyO'Sews
                SallyO'Sews commented
                Editing a comment
                I love this idea - way to go, Gram!

              #9
              When I traveled in New Zealand several years ago, I was surprised to learn that their smallest coin is 10 cents. When you shop, they total up everything, then just round it to the nearest dime. It makes a lot of sense.

              Comment


              • Maria Sews
                Maria Sews commented
                Editing a comment
                Here in Canada, we don't use pennies anymore. Just nickels and up. We also don't have $1 bills. Quite honestly, I don't miss either one, they just take up extra space in your wallet.

              #10
              My husband hated change, so he just threw it into a large coffee can, (actually 2) at the end of the day. After my husband passed away, I waited for the bank to open back up, and poured all the coins into cardboard box.....boy was I surprised, there was $300 in there.
              Last edited by ktdid; July 21, 2020, 02:37 AM.
              Kathryn
              Man, Despite His artistic pretensions, his sophistication, his many accomplishments, Owes his existence to a Six-inch layer of topsoil and the fact, That It Rains! anonymous

              Comment


                #11
                I think we are being ushered toward a cashless society.
                sigpicwww.whisperofrose.blogspot.com


                Scottie Mom Barb

                Comment


                • EnumclawGramma
                  EnumclawGramma commented
                  Editing a comment
                  Agree with you 100%, or at the very least making a dry run to see if we'll go for the line....

                #12
                I save my change and take it up to a Coinstar maybe twice a year. I choose the Amazon gift certificate option; that way, they don't deduct the 10% processing fee.

                Comment


                • Vonnie
                  Vonnie commented
                  Editing a comment
                  That's good to know!

                #13
                I have a plastic box filled with coins I rolled at least 15 years ago and a glass peanut butter jar in the shape of a bear probably half to two-thirds full of coins. I think about turning them in but, then think, maybe some day I may need that extra cash. I may have to turn them in soon before they become obsolete.

                I do think this virus has made a convenient intro to a "cashless" society. Hate the thought of that!!!

                Nancy

                Comment


                  #14
                  I was just reading an item that came across my MSN home page. It gave a list of some of the businesses, esp. fast food restaurants, that no longer are taking cash. You have to use an app on your phone (I don't have that new of a phone), or pay with debit or credit card. I really see world events shaping up with Bible prophecy.

                  Comment


                    #15
                    I've never liked to jingle ...I'm not a fan of change. I used to give it to my daughter. When I got with Daniel over 3 years ago he loves change so it goes to him. I would not like a cashless society...money is dirty I've been a cashier in the past. Hiding money is fun I've made Daniel oragami out of dollar Bill's for a fun gift. Are the toothfaries now going to leave gift cards? Pricey teeth now. I used to hide money in Easter eggs too. Takes a lot of fun out of stuff.

                    Comment

                    Working...
                    X