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So I hear there is a coin shortage these days in the US? Oh really? Login/Join 
I'm Fine
Picture of SBrooks
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My federal credit union has coin counters at three or four branches.


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SBrooks
 
Posts: 3479 | Location: East Tennessee | Registered: August 21, 2006Reply With QuoteReport This Post
Not as lean, not as mean,
Still a Marine
Picture of Gibb
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The credit unions and banks I've used near me all have counters (credit union is free, the banks use a Coinstar machine, where the fee is split between the company and a local charity).

They actually won't take rolled coins at my locations, they told me to dump them into the machine (too many people using foreign coins or shorting the rolls).




I shall respect you until you open your mouth, from that point on, you must earn it yourself.
 
Posts: 2684 | Location: Southern Maine | Registered: February 10, 2008Reply With QuoteReport This Post
thin skin can't win
Picture of Georgeair
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Our bank (Trustmark) won't take rolled coins any more. Instead they want you to bring them in a ziplock. The give you something that's not really a receipt and they ship them off to a central location to be counted and a credit shows up in your account for the amount. No fees.

Well, other than the lost ones in the count.... Wink



You only have integrity once. - imprezaguy02

 
Posts: 10688 | Location: Madison, MS | Registered: December 10, 2007Reply With QuoteReport This Post
"Member"
Picture of cas
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There's no shortage, it's just sitting in jars and jugs in everyone's house.

I don't know about "no one using the coming machines", any time I try to use them at my bank it's either out of order, or I have to wait on a line to use it.


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Sliced bread, the greatest thing since the 1911.

 
Posts: 17853 | Location: 18th & Fairfax  | Registered: May 17, 2003Reply With QuoteReport This Post
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Picture of cas
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While I still use cash (a whole lot less than I used), the way I use change has... changed, pardon the pun. I got tired of having so much junk in my pockets, which I always do. I also got tired of trying to pick change out of that mess in stores, so I no longer try. I never use change in a store. I also pretty much only carry change from the store to home, where in goes in a container till I cash it in. Which could be bi-annually or more. That's the type of thing that's keeping the change out of circulation.


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Sliced bread, the greatest thing since the 1911.

 
Posts: 17853 | Location: 18th & Fairfax  | Registered: May 17, 2003Reply With QuoteReport This Post
Not as lean, not as mean,
Still a Marine
Picture of Gibb
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quote:
Originally posted by cas:
There's no shortage, it's just sitting in jars and jugs in everyone's house.


That's half of the issue, the other half is due to the reaction to the virus, the local banks stopped orders from the Fed, the Fed held orders from the Mint, the Mint furloughed employees and shut production.
This created an artificial shortage because of a disruption of the circulation lines. We are not out of coins, but they are not circulating as normal and it leads to local shortages, leading to panic and over-reacting by businesses and consumers.




I shall respect you until you open your mouth, from that point on, you must earn it yourself.
 
Posts: 2684 | Location: Southern Maine | Registered: February 10, 2008Reply With QuoteReport This Post
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Yeah the shortage is something of a pain. Personally I couldn't care less since I pay with a card just about everywhere, but a gun shop needs change since so many customers refuse to pay with anything that leaves an electronic footprint.


-MG
 
Posts: 249 | Location: The commie, rainy side of WA | Registered: April 19, 2020Reply With QuoteReport This Post
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Picture of nhracecraft
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quote:
Originally posted by monoblok:
Yeah the shortage is something of a pain. Personally I couldn't care less since I pay with a card just about everywhere, but a gun shop needs change since so many customers refuse to pay with anything that leaves an electronic footprint.

Wow, people are just a bit paranoid in the 'commie, rainy side of WA', aren't they... Wink


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If Some is Good, and More is Better.....then Too Much, is Just Enough !!
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Posts: 3961 | Location: New Hampshire | Registered: October 29, 2011Reply With QuoteReport This Post
Crusty old
curmudgeon
Picture of Jimbo54
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Big Grin



Jim


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Posts: 8671 | Location: The right side of Washington State | Registered: September 14, 2008Reply With QuoteReport This Post
Member
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quote:
Originally posted by nhracecraft:
]Wow, people are just a bit paranoid in the 'commie, rainy side of WA', aren't they... Wink

Yeah, there's that crowd. But most of the time what prompts their fear is the inevitable retribution from their spouses. <insert guillotine emoji here>


-MG
 
Posts: 249 | Location: The commie, rainy side of WA | Registered: April 19, 2020Reply With QuoteReport This Post
Oh stewardess,
I speak jive.
Picture of 46and2
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I can't even recall the last time banks didn't expect you to bring it in pre-rolled.

Seems like 20yrs or so.
 
Posts: 24351 | Registered: March 12, 2004Reply With QuoteReport This Post
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Picture of henryaz
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I rarely pay cash, so don't collect too many coins. The only ones I keep any more are quarters. They go in a little leather zipper pouch that I carry in the truck, usually about $10 worth, and I dip into them occasionally for a drive-thru meal. The local Safeway has a coin counter, but I don't know if there is a charge for using it.



all your sig are belong to us
 
Posts: 9477 | Location: South Congress AZ | Registered: May 27, 2006Reply With QuoteReport This Post
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There was a zero percent chance I was going to spend the time to roll my change and take it back to the bank.

My wife had other ideas so she spent about three hours rolling what I think she said was $234 worth of change and took it to the bank.

Immediate issue solved.

Now to stop accumulating pocket change in general. I have a friend who years back liked to throw his change, especially pennies in the bushes as "useless". He might have been a trend setter and not known it.
 
Posts: 364 | Location: Midwest | Registered: April 13, 2013Reply With QuoteReport This Post
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The credit union about 4 miles away on the same road as I live still has one. I guess I need to cash mine in. Must have a few hundred dollars worth.00


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Tri-State Gun collectors Life Member
 
Posts: 2641 | Location: Ohio | Registered: December 18, 2014Reply With QuoteReport This Post
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