CORP/BIZ Home depot coin shortage

[smokin]

So i purchase some items at Home Depot over the weekend. Pay in cash. My change is supposed to be $ 8.31 Clerk hands me all bills. I say "where is the change", she says "we are out of change so I gave you $9.00 instead". I say " OK " Wow ! How long can they sustain that ?

 

[Meemur]

They can't. Look for a sign demanding exact change or use plastic in the near future.

 

[Shooter]

so give them dollars, and put the change on a credit card, the fees will kill them

 

[hiwall]

Went to the dentist today. Bill was $260 after a large cash discount. I gave $300 and the girl took a while to give me the $40 change. When she did it was all ones. I thought that odd. Okay but odd.

 

[LucyT]

Last Thursday I was in Walmart and offered the check-out person four quarters and five pennies. She said she didn't need any pennies or quarters, she had plenty of change in the cash register. There was no one in line behind me so she wasn't rushed to wait on another customer.

 

[Profit of Doom]

Went to the dentist today. Bill was $260 after a large cash discount. I gave $300 and the girl took a while to give me the $40 change. When she did it was all ones. I thought that odd. Okay but odd.

From her “other job”?

 

[zeker]

From her “other job”?

helen.. is that you?

 

[danielboon]

McDonald's had a sign exact change or use a card I used exact change

 

[summerthyme]

Aldi was exact change or plastic only yesterday. Wal-Mart didn't seem to care, and had no signs. I gave them $XX.75 for $XX.62 (can't remember the exact dollar amount) to save them from having to give me quite as much change back.

Summerthyme

 

[hiwall]

From her “other job”?

The office was staffed with several attractive young ladies. (not that I really noticed)

 

[Quiet Man]

Lots of folks are saying that this is an indicator that the banks are withdrawing coinage from circulation in preparation of 'going cashless'.

My suspicion is that this might be another hint that a 'reset' is getting closer. Consider that if we do have a reset, new dollars might, for example, replace old ones at a rate of 1:100 (or 1:1000?), meaning that you would get $1.00 new dollar for each $100 in old dollars. The coinage, by comparison, would still be valued at face value, so a nickel will still be $0.05 in new dollars (equal to $5.00 in old dollars in this example). Stated another way, if old dollars are devalued at a rate of 1:100, coins will be 'worth' 100X what they were before the devaluation. This is a good reason to hoard coinage independent of the value of the metal in the coin (NOTE: A 'Nickel' is 75% copper, 25% nickel).

It's hard to say exactly what the gov't would do, but this is a worthwhile consideration.