So you see these signs around about a National coin shortage. But the coin shortage makes no sense to me. I asked my husband who watches MSM and supposedly it is because people aren’t going out to spend money so coins aren’t circulating. But that means they aren’t needing change either so the system should still balance. What if the government is forcing the shortage to get people used to using cards? Then it is an easier sale when they try to go all digital. “Look, hardly anyone is using cash anyway, so why not just go digital?” It’s all about continual nudges towards their agenda.
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There is no shortage! This is BS to back door you into using cards only. They have wanted a cashless society for decades. Control is what it is all about!
I think the cashless/card theory has some merit. They want to tax every goddamn thing they can ... I also think the dollar has been inflated to the point where the metals used to make the coins are worth more than the coins themselves.
OR the Treasury is silently taking coinage out of the market to make the new currency conversion process simpler….🤷♀️
That sounds very likely.
I promise you spending is WAY up over 2019, although credit cards, Apple Pay, etc are higher also.
Lack of coin circulation is likely not the real cause.
With that said I paid cash recently at a convenience store and was given a printed receipt looking piece of paper which had a scan code on it in lieu of actual change.
That can only be used at that store?
Correct. In store credit
That is bull!
I haven’t went back to see if it’s a one time thing or they’re eliminating carrying coins. It’s a large chain so my guess is that it’s a test run to see how eliminating coins would be for their business. Slowly moving to cashless.
https://finance.yahoo.com/news/feds-brainard-cant-wrap-head-022539910.html
You're probably right. I had wondered if a lot of people were socking them away for a time when the bottom falls out. Metal value for one and then being able to make change if everything shuts down. Hope it never gets that bad.
Random thought - remember when all the casino slots ran on change? Now I would say 98% use tickets you take from machine to machine. Coins dont wear out do they? What happened to all those coins. Also parking meters, laundromats,etc. We used coins for a lot of everyday things - now we dont. Where did they all go? By the way, in my neck of the woods I have never seen or heard of a coin shortage NW Washington
I live in a very rural area, normally pay cash for groceries and other supplies, and have never encountered a coin shortage, not even last year when there were reports of it in more metropolitan areas.
FedEx asshoe!
Are use cash all the time. There’s no coin shortage. Every person in America, and I mean every person in America has a coin jar. Let’s just say basically $20 per coin jar, and that’s lowball. There’s no coin shortage. Use cash! I do all the time. And I don’t care about the stupid signs I make them give me my change, and if they don’t have enough they have to pay me more.
surprisingly, walmart here has been rounding down to the nearest dollar as to avoid dispensing coinage, where as safeways always has coinage, and aint shy about dispensing said coins. Weird shit frens.
I probably need to own this one,...at least 4 buckets full. I know, I've been meaning to carry'um in.
What happened to all the coins morons dumped into those counting machines that took 8% back?? Don't see those machines anymore.
It makes sense that there is a coin shortage, it's Gresham's Law.
As someone who works as a bank teller, there is no coin shortage. I have so much coin pass through my hands in a day, rolled and loose, that I WISH there was a shortage.