CRISIS Wells Fargo Coinless now

Kathy in FL

Administrator
_______________
So far haven't run into this. However, that doesn't mean there aren't some stores going through this. Poor planning on their part. And while we were in GA a couple of days ago, two cashiers paid us in quarters. I mean it drives me crazy that these kids can't even count physical money. Some in their 30s and 40s can't seem to do it either.
 

Signwatcher

Has No Life - Lives on TB
Broadband access for rural areas has been promoted by the evil one for years now, and just recently, it continues to currently be discussed, to the tune of big, big bucks...

Microsoft president urges Congress to fund rural broadband internet connectivity in wake of coronavirus
May 21, 2020 at 12:01 am

Microsoft President Brad Smith is calling for immediate congressional action to improve broadband connectivity for rural communities by funding it as part of a coronavirus relief package.

In a post scheduled to publish Thursday to the Microsoft on the Issues blog, Smith said the funding is urgently needed in the next stimulus bill so millions of additional Americans have access to educational, medical, employment and other services during the COVID-19 pandemic. Smith said the pandemic and government directives urging 316 million Americans to stay in and work from home if possible have acted “as an accelerant” that’s driven essential activities online and made it imperative to “close the broadband gap’’ for those lacking high speed internet.

“The COVID-19 virus has created a national crisis,’’ Smith wrote. “But it has also created an important opportunity. It’s time to galvanize the nation and recognize the obvious. Broadband has become the electricity of the 21st century.

“Well before the end of the 20th century, we recognized that no American should live without electricity. As we embark on the third decade of the 21st century, every American deserves the opportunity to access broadband.’’

Smith said funding is needed in the next stimulus bill to improve connectivity so students and teachers can use remote learning tools by the fall. Others, he said, need more access to doctors and telehealth options and to work from home or file unemployment insurance claims.

The Federal Communications Commission (FCC) estimated last month that about 18 million people nationwide lack access to broadband — 14 million in rural areas. But BroadbandNow Research, which tracks high-speed accessibility nationwide, says the FCC’s soon-to-be-changed data collection method is flawed – counting an entire block of homes as having access if only a single residence achieves a connection — and that the actual number of people without broadband is more like 42 million.

Continued here:




Wicker, Capito, Blackburn Introduce Bill to Accelerate Deployment of Rural Digital Opportunity Fund Broadband Networks
June 22, 2020
U.S. Sens. Roger Wicker, R-Miss., chairman of the Senate Committee on Commerce, Science, and Transportation, Shelley Moore Capito, R-W.V., and Marsha Blackburn, R-Tenn., today released the following statements upon introduction of the Accelerating Broadband Connectivity (ABC) Act of 2020. This legislation would expedite the deployment of broadband service by creating a fund to be used by the Federal Communications Commission (FCC) to incentivize winning bidders of the Rural Digital Opportunity Fund (RDOF) auction to complete their buildout obligations on a shorter timeline.

“One of my top priorities is expanding access to broadband for communities of all sizes,” said Wicker. “The coronavirus pandemic has further underscored this pressing need, and I hope our legislation will advance quickly to meet the connectivity needs of Americans living in rural areas, including many in my home state of Mississippi.”

“High-speed internet service is essential in the 21st century,” said Capito. “West Virginia communities need access to this invaluable tool in order to provide opportunity to and educate the next generation. They also need this connectivity quickly. We have made significant progress in expanding broadband infrastructure through my Capito Connect plan and local efforts, but a lot of work remains to be done. Our legislation is another policy solution supporting broadband deployment in rural, underserved communities. By incentivizing accelerated broadband deployment projects, we can not only connect our communities, but do so quickly.”

“The COVID-19 pandemic and the move to online work, schooling, and healthcare has put a spotlight on the divide between communities with internet access and those without it,” said Blackburn. “The ABC Fund will bring broadband to unserved communities with the urgency it requires so that all communities are up to speed with 21st century internet access.”
The Accelerating Broadband Connectivity Act would:
  • Create a fund to be used by the FCC following the RDOF Phase I auction to incentivize winning bidders to complete their buildout obligations on an accelerated timeline;
  • Build upon the existing RDOF process to get high-speed broadband service to rural consumers much faster than the current timetable for deployment using RDOF dollars;
  • Require service providers who receive funds from the Accelerating Broadband Connectivity (ABC) Fund to meet a series of accelerated milestones for their RDOF deployments;
  • Allow the FCC to conduct the auction in a way that maximizes value to American taxpayers while connecting consumers more quickly.
Click here to read the bill.
NTCA - The Rural Broadband Association, USTelecom - The Broadband Association, and the Wireless Internet Service Providers Association have endorsed the ABC Act.

“NTCA greatly appreciates Senator Wicker’s ongoing interest in advancing efforts to deploy broadband in rural America,” said Shirley Bloomfield, CEO of NTCA - The Rural Broadband Association. “The ‘Accelerating Broadband Connectivity Act’ would provide financial incentives for those prevailing in the Rural Digital Opportunity Fund Auction to deploy networks and activate services more expeditiously across rural America. On behalf of the NTCA members who have led the charge to date in deploying robust broadband-capable networks in rural areas, we welcome this focus on how to deliver as quickly as possible on the promise of broadband in areas still lacking access, and we look forward to continuing to work with Senator Wicker and his colleagues as Congress considers initiatives to expand and sustain broadband deployment across America.”

“Senator Wicker’s legislation strengthens the landmark Rural Digital Opportunity Fund in meaningful and innovative ways. First, it adds essential funding to the program that will bring high-speed broadband to unserved parts of rural America,”
said Jonathan Spalter, President and CEO of USTelecom – The Broadband Association. “Second, it creates new incentives to accelerate the construction of broadband infrastructure – something that matters more than anything if you live in a community still lacking connectivity. Finishing the job of connecting all Americans requires a partnership with Washington and bolstering and expediting RDOF is a smart and achievable place to start. Let’s not wait much longer to get this technology to the families, businesses, patients and students that need it the most.”

“This bill will help even more rural Americans get the Internet,” said Claude Aiken, President and CEO of the Wireless Internet Service Providers Association. “We want to thank Chairman Wicker for his dedicated leadership on this integral matter – one which will accommodate today’s exigencies and work to comprehensively expand broadband deployment in unserved areas.”
I have friends that live on a mountain in Montana that don't want internet. They don't have or want Tee Vee either. They moved out there 31 years ago.
 

ssonb

Senior Member
Another thought here...coins are metal they are backed by a real intrinsic value, if we are about to go into a hyperinflation mode it will be embarrassing when people discover that a coin no matter what is stamped into it has more "value" than any piece of paper with numbers or a "faceless" piece of plastic. Especially when the power goes out.
It's like when FDR collected up the gold! You want as little of that in private hands as possible.
 

TammyinWI

Talk is cheap
I have friends that live on a mountain in Montana that don't want internet. They don't have or want Tee Vee either. They moved out there 31 years ago.

That is their right and their choice. I hope no one tries to force it on them, and others like them that feel the same.
 

West

Senior
The CEO of coinstar was just on the radio. Said that they save tax payers monies by redistributing the coins back into circulation and that now since the treasury is not distributing coins, all people who have stashes of coin needs to do their part and cash in their coin for the greater good.

Ah ha, yeah....okaaaay.

No thank you, think I'll just be stubborn and stack my coins higher.
 

Samuel Adams

Has No Life - Lives on TB
The CEO of coinstar was just on the radio. Said that they save tax payers monies by redistributing the coins back into circulation and that now since the treasury is not distributing coins, all people who have stashes of coin needs to do their part and cash in their coin for the greater good.

Ah ha, yeah....okaaaay.

No thank you, think I'll just be stubborn and stack my coins higher.

I’d say you took the hint very well.
 

Millwright

Knuckle Dragger
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The CEO of coinstar was just on the radio. Said that they save tax payers monies by redistributing the coins back into circulation and that now since the treasury is not distributing coins, all people who have stashes of coin needs to do their part and cash in their coin for the greater good.


AAAAAND to promote this, they are reducing their percentage of skim.

OH WAIT...

Nevermind.
 

Kathy in FL

Administrator
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The CEO of coinstar was just on the radio. Said that they save tax payers monies by redistributing the coins back into circulation and that now since the treasury is not distributing coins, all people who have stashes of coin needs to do their part and cash in their coin for the greater good.

Ah ha, yeah....okaaaay.

No thank you, think I'll just be stubborn and stack my coins higher.

Have you seen what they charge per dollar?! They really must make money hand over fist. Nearly 12 cents on the dollar. Jesus didn't even ask for that much.

Coinstar fees
How Much Does Coinstar Charge. Generally, Coinstar charges a processing fee of 11.9%. Therefore, 11.9 cents of every dollar is paid as a fee. For example, if you put $100 in coins into a Coinstar, you will receive back $88.10 after the 11.9% fee is excluded ($100 – $11.90 fee = $88.10). This is quite a large fee and may deter some people...
 

raven

TB Fanatic
Are they essential workers or non essential workers
Someone here should know - are the workers who run the coin stamping machines essential? Did they go to work and get paid? Are the workers who run the printing presses essential? Did they go to work and get paid? Are the workers at the Federal Reserve who allocate and box up the change essential? Did they get paid?
Were the drivers essential?

When someone waives their hand and says something is not getting done because "CORONA!!!"
You should probably stop and think about the "supply chain" aspects of the process involved.

you can get a pizza delivered
but not coins?
you can get cat food and kitty litter delivered
but not 20 dollar bills?
WalMart Delivers, Amazon Delivers, UPS Delivers, Aldi Delivers
but they can't deliver currency?

I paid a buck and a half for gas, but it is too expensive to deliver money?

never mind . . . nothing to see here . . . move along
 

StefanieQ

StefanieQ
Seen in Utah County, Utah yesterday. Thought it was strange, but this thread has been quite informative!
 

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20Gauge

TB Fanatic
Are they essential workers or non essential workers
Someone here should know - are the workers who run the coin stamping machines essential? Did they go to work and get paid? Are the workers who run the printing presses essential? Did they go to work and get paid? Are the workers at the Federal Reserve who allocate and box up the change essential? Did they get paid?
Were the drivers essential?

When someone waives their hand and says something is not getting done because "CORONA!!!"
You should probably stop and think about the "supply chain" aspects of the process involved.

you can get a pizza delivered
but not coins?
you can get cat food and kitty litter delivered
but not 20 dollar bills?
WalMart Delivers, Amazon Delivers, UPS Delivers, Aldi Delivers
but they can't deliver currency?

I paid a buck and a half for gas, but it is too expensive to deliver money?

never mind . . . nothing to see here . . . move along
As far as I can tell all feds who were sent home were fully paid and told to work from home.

Not so sure how that worked.....lol
 

nomifyle

TB Fanatic
I probably have upwards to $1000 in coins and I'll be damned if I cash them in. I don't get much anymore because, damn, I use my debit card.

Judy
 

Dozdoats

On TB every waking moment
I cashed in a 4 gallon bucket of copper cents recently.

Unless they were older than 1984, they were zinc .... copper is now too valuable to be used in pennies. The new ones are zinc with a copper wash. Scrape the edge of a new penny on concrete or sandpaper and you will see white metal.
 
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summerthyme

Administrator
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I cashed in a 4 gallon bucket of copper cents recently.

Unless they were older than 1984, they were zinc .... copper is now too valuable to be used in pennies. The new ones are zinc with a copper wash. Scrape the edge of a new penny on concrete or sandpaper and you will see white metal.
I swear the newest ones are a plastic alloy! I know... not possible. But the difference in weight compared to, say, pennies from the 1990's is noticeable... and there is an even bigger difference between the 1982 and earlier copper cents.

What's next? Papier maché?

Summerthyme
 

annieosage

Inactive
Well, I'll add my pic. Stopped to get breakfast after my groceries and Carl's Jr had a sign
 

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Panner

Veteran Member
I was at the credit union this morning and asked about the coin shortage. They said they can't order from the mint. She told me they are depending on people bring in rolled coins so they can give them to merchants. Pennies and quarters are the ones in really short supply.
 

tanstaafl

Has No Life - Lives on TB
As far as I know there's been only one case where old coins were used after a monetary reform (that is, after old money was replaced with entirely new money). The one case I'm aware of was Zimbabwe where they very briefly used old coins after issuing new hyperinflation currency, but their hyperinflation was so out of control that the old coins became irrelevant within weeks. So it's not a good idea to save our current coins thinking they'll somehow be worth much more after the New Dollar is declared, because money history is heavily against it. I'd be interested if anyone knows of monetary reforms (other than the single Zimbabwe case) where old coins were still used after a grace period before the new money becomes standard.

It's currently against US law to melt coins for their metal content (with the exception of 90% silver coins), and it's also illegal to export US coins for that purpose. You may be able to melt them down after the New Dollar is declared since that's what they did with pre-Euro coins, but knowing government you can almost bet they'll want a monopoly on controlling the melt.
 
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TammyinWI

Talk is cheap
Force? Somebody is going to come around and make they sign on?

Gee.

Well, I sure hope not. This seems to be where things are heading, on so many levels, but also I feel it coming, on so many, many levels...know it is coming. They want to monitor everybody. But also, info and intel i have received over the last several years, including Divine Intervention, has served to warn me...and I continue to connect dots.
 

changed

Preferred pronouns: dude/bro
I cashed in a 4 gallon bucket of copper cents recently.

Unless they were older than 1984, they were zinc .... copper is now too valuable to be used in pennies. The new ones are zinc with a copper wash. Scrape the edge of a new penny on concrete or sandpaper and you will see white metal.

They were all 1981 and older.
 

tanstaafl

Has No Life - Lives on TB
They were all 1981 and older.

Not quite true. In 1982 they had both types. You almost have to weigh each penny to figure which belongs in what pile, but you can also do a fair job of separating them by just dropping them on the counter and listening (copper rings and zinc sounds flat).
 

changed

Preferred pronouns: dude/bro
Not quite true. In 1982 they had both types. You almost have to weigh each penny to figure which belongs in what pile, but you can also do a fair job of separating them by just dropping them on the counter and listening (copper rings and zinc sounds flat).

I meant that my cents were all 1981 and older.
 

Walrus Whisperer

Hope in chains...
Ok say they do go cashless what do you do with cash on hand. Save it, turn it in what? I dont have a debit card and would have to set up an account specifically for that purpose I guess. Not going to use the account my SS is deposited to. And what about that old coffee can with coins some of us have had for years?
Go thru it for the silver ,then get the rest to the bank asap
 

tanstaafl

Has No Life - Lives on TB
I meant that my cents were all 1981 and older.

Sorry, I thought you were saying it was only 1981 pennies and older that were copper.

If folks want to hoard copper pennies it's probably just easiest to avoid the potential confusion surrounding 1982 pennies. But if you will be eventually dealing with a knowledgeable buyer and if you have the time, inclination, and a way to weigh them, then it's not a bad idea to separate out the copper 1982 pennies as well.

By the way, those pre-1982 pennies are not pure copper. Unless you have some much older pennies, they're almost certainly 95% copper/5% zinc and weigh 3.11 grams (give or take a bit). The last pure copper US penny was 1837. The post-1982 pennies are 97.5% zinc/2.5% copper and weigh 2.50 grams (give or take a bit). Unless you think the US Mint is lying, today's pennies are the same composition and weight as they were in 1983. A quick check of three post-1982 pennies in my pocket change gave weights of 2.49 grams (2019), 2.51 grams (2018), and 2.50 grams (1988).

What's a Penny Made Of?
by Live Science Staff, June 21, 2016
 

Dozdoats

On TB every waking moment
I'd be interested if anyone knows of monetary reforms (other than the single Zimbabwe case) where old coins were still used

IIRC it was a thing in Argentina for a bit also. Not seeing anything with a quick and dirty search, I think FerFal mentioned it. I don't think it was official, just make-do.
 

Martinhouse

Deceased
If I decide I need to get rid of my rolled coins, I'll just spend them at my local small-town stores. If there really is a shortage, they will be glad to have them. And I might even convince them to dump the coins out carefully so I can have my old-style rolls back. I HATE those newer rigid ones! I may even "roll my own" as mentioned earlier on this thread.
 

tanstaafl

Has No Life - Lives on TB
IIRC it was a thing in Argentina for a bit also. Not seeing anything with a quick and dirty search, I think FerFal mentioned it. I don't think it was official, just make-do.

Could it be from a widespread coin shortage in 2008-2009? The most popular theory in the stories I just now read said the coin shortage may have been the result of companies deliberately hoarding coins in order to sell them at a profit. I didn't see anything about Argentinians using old coins during the shortage, which you'd think would be an easy enough thing for them to do since they've had so many monetary reforms (with the accompanying introduction of entirely new coins).

I also found this article below, which I thought was an interesting read. One thing this story mentions is that after the collapse of the Soviet Union people were paying what amounted to a dollar (a ruble) for a penny (a kopek) in order to make phone calls on pay phones that weren't yet engineered to the new coins. Another thing they mention is a relatively recent coin shortage in India (I think there was at least one forum thread about it) where smugglers were taking out Indian coins, melting the coins down to make razor blades worth considerably more than the coins, and smuggling the razor blades back into India. In both cases I don't see that happening in the US what with pay phones becoming hard to find and Americans not widely using the old-style razor blades.

-----

Argentina’s Coin Scarcity Leads to Illicit Numismatic Trade

November 21, 2008
by Anne Szustek

 

Blacknarwhal

Let's Go Brandon!
Out at the Meijer near me, they stopped taking cash in the self-scan system. It's debit cards only; if you want to pay cash, you have to go through a live-person checkout now.
 

Orion Commander

Veteran Member
Almost everybody has a phone in their pocket now...and most pay for it.

james_kirk_communicator_star_trekresize.jpg
But pay phones did not track your movement and last time I used one it only cost 50¢ not $50/ month for each line for family members.

I never lost a pay phone nor had to pick one up and turn it in to lost and found.
 

Grounded Idealist

Hope Always
So far haven't run into this. However, that doesn't mean there aren't some stores going through this. Poor planning on their part. And while we were in GA a couple of days ago, two cashiers paid us in quarters. I mean it drives me crazy that these kids can't even count physical money. Some in their 30s and 40s can't seem to do it either.
Not poor planning in my experience. The grocery store that I work at has not gotten our full cash order from the bank (the money that the armored truck delivers) for months! Store management immediately stopped any cash back on debit card purchases so they could save the cash (both bills and coin) for cash transactions. It has only been recently that we were formally told of an actual coin shortage. It came as no surprise since we have been experiencing it all along.
 

blackjeep

The end times are here.
The owners of coin op laundry machines would probably be all for the digital conversion. Thieves routinely tear up these machines to get the change out. Also, the guys that service the machines won't have the possibility of being robbed for the change they take out of the machines.

I'm not for the elimination of cash or coins, but it certainly seems to be an "agenda" item for the rats in charge.
 

Dennis Olson

Chief Curmudgeon
_______________
But pay phones did not track your movement and last time I used one it only cost 50¢ not $50/ month for each line for family members.

I never lost a pay phone nor had to pick one up and turn it in to lost and found.
And how much a month did your land-line cost big boy?
 
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