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Why is there a coin shortage? #7529774
03/16/22 01:13 PM
03/16/22 01:13 PM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline OP
trapper
Gary Benson  Offline OP
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
Maybe this has been brought up but I don't understand it.
There is just as much change out there as there was 20 years ago. Yes, some people save change but some also cash it in. With all the plastic cards being used to pay for goods, why a coin shortage now? I saw signs at two stores lately. I don't get it.


Life ain't supposed to be easy.
Re: Why is there a coin shortage? [Re: Gary Benson] #7529779
03/16/22 01:21 PM
03/16/22 01:21 PM
Joined: Apr 2018
Posts: 123
central Ohio
M
mfergu8 Offline
trapper
mfergu8  Offline
trapper
M

Joined: Apr 2018
Posts: 123
central Ohio
They might be trying to get us to quit using cash. Last year ,meijer and chipotle had signs up.

Re: Why is there a coin shortage? [Re: Gary Benson] #7529784
03/16/22 01:24 PM
03/16/22 01:24 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
Virus. People don't want to handle coins

Also business closures have slowed the rate of circulation


Mean As Nails
Re: Why is there a coin shortage? [Re: Gary Benson] #7529786
03/16/22 01:25 PM
03/16/22 01:25 PM
Joined: Sep 2013
Posts: 18,580
Green County Wisconsin
G
GREENCOUNTYPETE Offline
trapper
GREENCOUNTYPETE  Offline
trapper
G

Joined: Sep 2013
Posts: 18,580
Green County Wisconsin
in 2020 is was apparently because all the banks lobbies were closed so places that had change to cash in couldn't

I have no idea why it would be now.


America only has one issue, we have a Responsibility crisis and everything else stems from it.
Re: Why is there a coin shortage? [Re: Gary Benson] #7529816
03/16/22 02:20 PM
03/16/22 02:20 PM
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
I honestly didn't know there is still a coin shortage. But thanks for the update. Maybe the Russians are collecting our coins.

Last edited by run; 03/16/22 02:20 PM.

wanna be goat farmer.
Re: Why is there a coin shortage? [Re: Gary Benson] #7529935
03/16/22 04:42 PM
03/16/22 04:42 PM
Joined: Jan 2014
Posts: 478
Western pa
F
frank1969 Offline
trapper
frank1969  Offline
trapper
F

Joined: Jan 2014
Posts: 478
Western pa
Mabey most ppl use cards now and don't get change

Re: Why is there a coin shortage? [Re: Gary Benson] #7529942
03/16/22 04:49 PM
03/16/22 04:49 PM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline OP
trapper
Gary Benson  Offline OP
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
Mabey.........


Life ain't supposed to be easy.
Re: Why is there a coin shortage? [Re: Gary Benson] #7529945
03/16/22 04:54 PM
03/16/22 04:54 PM
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
Quote
Why is there a coin shortage?


The democrats have no “cents”.


-Goofy-
Re: Why is there a coin shortage? [Re: Gary Benson] #7529982
03/16/22 05:18 PM
03/16/22 05:18 PM
Joined: Jul 2019
Posts: 910
WI
B
Badger23 Offline
trapper
Badger23  Offline
trapper
B

Joined: Jul 2019
Posts: 910
WI
Here's my take on it. There's been a lot of extra stimulus, welfare, kid money flowing out to people. I think a lot of people are hoarding spare change right now. They don't need to go cash it in every so often like before. By now we should pretty much be past the bank lobby's being closed and people scared to handle coins. It could also be that the mints where the coins are made had reduced staff and are behind in production.??

I work in a casino and yes the shortage is real. We can order X amount of quarters, nickels and pennies and don't always get what we ordered. We get what they have. We've also had a couple of employees stop at banks in their hometowns and for instance and get a hundred bucks in rolled nickels once in awhile to help out. Trust me the shortage is real. There also is a shortage on $1 dollar bills at times.

Re: Why is there a coin shortage? [Re: Gary Benson] #7530020
03/16/22 06:01 PM
03/16/22 06:01 PM
Joined: Sep 2014
Posts: 437
Western Illinois
#
#11 Offline
trapper
#11  Offline
trapper
#

Joined: Sep 2014
Posts: 437
Western Illinois
My wife is a teller in a small town local bank in rural IL. She says they have no coin shortage at all.

Re: Why is there a coin shortage? [Re: Gary Benson] #7530023
03/16/22 06:04 PM
03/16/22 06:04 PM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline OP
trapper
Gary Benson  Offline OP
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
I think it's the push to shift everyone to digital so nobody has to handle money, and all transactions can be run thru the Gubmint.


Life ain't supposed to be easy.
Re: Why is there a coin shortage? [Re: Gary Benson] #7530032
03/16/22 06:10 PM
03/16/22 06:10 PM
Joined: Dec 2006
Posts: 21,042
St. Louis Co, Mo
B
BigBob Offline
trapper
BigBob  Offline
trapper
B

Joined: Dec 2006
Posts: 21,042
St. Louis Co, Mo
They all have signs up to bring in your change, but just try to pay your bill with pennies!!


Every kid needs a Dog and a Curmudgeon.

Remember Bowe Bergdahl, the traitor.

Beware! Jill Pudlewski, Ron Oates and Keven Begesse are liars and thiefs!
Re: Why is there a coin shortage? [Re: Gary Benson] #7530034
03/16/22 06:11 PM
03/16/22 06:11 PM
Joined: Dec 2006
Posts: 2,301
Waterville Minnesota
M
mudtracker Offline
trapper
mudtracker  Offline
trapper
M

Joined: Dec 2006
Posts: 2,301
Waterville Minnesota
Making bullets out of them


WHO MADE THIS MESS ALL OVER MY FLOOR THE MUDTRACKER WAS HERE HE HE HE
Re: Why is there a coin shortage? [Re: Gary Benson] #7530106
03/16/22 07:41 PM
03/16/22 07:41 PM
Joined: May 2009
Posts: 15,653
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 15,653
Champaign County, Ohio.
Lately, the mints have been frequently making less coins, especially pennies.

"2015 9,365,300,000 1,599,600,000 3,041,010,000 2,990,820,000 4,600,000 45,370,000 17,046,700,000 1,273,109,000.00
2016 9,118,400,000 1,546,560,000 2,954,000,000 2,356,030,000 4,200,000 38,220,000 16,017,410,000 1,093,239,500.00
2017 8,634,020,000 1,373,280,000 2,728,000,000 2,116,000,000 4,700,000 3,360,000 14,859,360,000 962,514,200.00
2018 7,478,200,000 1,204,560,000 2,126,000,000 1,742,314,000 10,200,000 3,500,000 12,564,774,000 791,788,500.00
2019 7,040,400,000 1,094,894,400 2,194,000,000 1,651,600,000 3,400,000 2,940,000 11,987,234,400 762,088,720.00
Year 1˘ 5˘ 10˘ 25˘ 50˘ $1 Total coins Value in $
2020 7,596,400,000 1,623,100,000 2,778,500,000 2,768,000,000 5,700,000 2,660,000 14,774,400,000 1,132,479,000.00
2021 7,908,620,000 1,570,780,000 2,830,250,000 2,632,600,000 13,100,000 2,520,000 14,957,870,000 1,107,870,2"

Keith

Re: Why is there a coin shortage? [Re: Gary Benson] #7530108
03/16/22 07:44 PM
03/16/22 07:44 PM
Joined: Feb 2007
Posts: 1,192
Goldsboro, NC
John C Offline
trapper
John C  Offline
trapper

Joined: Feb 2007
Posts: 1,192
Goldsboro, NC
I’ve been told by two store that due to the coin shortage my total would be rounded up to the next dollar. After raising more heck than I probably should have they agreed with me that I should get the correct change if they were unwilling to round down. Miraculously both stores suddenly had plenty of change in the drawer to make my change with. It was amazing.


More Cowbell
Re: Why is there a coin shortage? [Re: Gary Benson] #7530140
03/16/22 08:18 PM
03/16/22 08:18 PM
Joined: May 2010
Posts: 10,481
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,481
mn north of blakely
My guess is if there is a true coin shortage would be because the companies that supply coins to businesses are having labor issues as well


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Why is there a coin shortage? [Re: Gary Benson] #7530152
03/16/22 08:28 PM
03/16/22 08:28 PM
Joined: Dec 2006
Posts: 4,038
Alberta,Canada 71
Bushmaster Offline
trapper
Bushmaster  Offline
trapper

Joined: Dec 2006
Posts: 4,038
Alberta,Canada 71
I think a big factor is the high percentage use of cards. I recently won $500 on a lottery ticket and the owner told me I'd have to come back mid-afternoon....by then he figured he would have enough cash to pay out. And he commented most of his business is done by cards. Even the use of paper money is way down.

Last edited by Bushmaster; 03/16/22 08:30 PM.






Re: Why is there a coin shortage? [Re: Bushmaster] #7530305
03/16/22 10:23 PM
03/16/22 10:23 PM
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
Originally Posted by Bushmaster
I think a big factor is the high percentage use of cards. I recently won $500 on a lottery ticket and the owner told me I'd have to come back mid-afternoon....by then he figured he would have enough cash to pay out. And he commented most of his business is done by cards. Even the use of paper money is way down.

Interesting to hear from a Canadian.


wanna be goat farmer.
Re: Why is there a coin shortage? [Re: John C] #7530310
03/16/22 10:27 PM
03/16/22 10:27 PM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline OP
trapper
Gary Benson  Offline OP
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
Originally Posted by John C
I’ve been told by two store that due to the coin shortage my total would be rounded up to the next dollar. After raising more heck than I probably should have they agreed with me that I should get the correct change if they were unwilling to round down. Miraculously both stores suddenly had plenty of change in the drawer to make my change with. It was amazing.

I was in an airport where a vendor didn't bother with making change. Always to their advantage of course.


Life ain't supposed to be easy.
Re: Why is there a coin shortage? [Re: Gary Benson] #7530312
03/16/22 10:28 PM
03/16/22 10:28 PM
Joined: May 2018
Posts: 10,909
SW Georgia
W
Wanna Be Offline
trapper
Wanna Be  Offline
trapper
W

Joined: May 2018
Posts: 10,909
SW Georgia
You can probably blame my wife. Think we have two of those big water cooler jugs filled to the top. They’re so heavy I’m gonna need a dolly to move them.

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