The problem is, they won’t give them to you anyway from the sounds of it.I keep hearing about some nationwide coin shortage, although I haven't encountered it anyplace yet. I'm just wondering whether or not it would be wise to exchange hundreds of dollars of rolled coins into paper at this time, or to hold.
Thoughts?
While out grocery shopping yesterday I ran into this issue. I prefer to pay cash whenever possible, luckily I keep a hefty change purse in my handbag. Adds extra weight in case I have to do some whacking.
I don't understand, if there is a coin shortage due to less circulation and production, why aren't FRNs also affected? Someone smarter than me please explain.
They want to remove the cash is separate steps and go cashless.
If I ran the banking system that's exactly what I would do.
It's directing the herd to the correct pasture.
I said. I want to make a cash deposit. They said, " you can do that at the machine by the door."
So I went to the machine and learned how to give my money to the bank by using a machine.
WTF is happening to our world?
They are. We are seeing some of the effects locally now. We seem to be running out of 1s and 5s locally.While out grocery shopping yesterday I ran into this issue. I prefer to pay cash whenever possible, luckily I keep a hefty change purse in my handbag. Adds extra weight in case I have to do some whacking.
I don't understand, if there is a coin shortage due to less circulation and production, why aren't FRNs also affected? Someone smarter than me please explain.
I would challenge the eliminated the 50s and 100s, we use them all the time as we pay cash. Now they are checking and double checking the bills for sure, but they are still accepting them.From what I have read from various reports: The plan appears to be the elimination of all coinage and round up to the next dollar for cash transactions.
They have already eliminated the use of 50's and 100's in the retail world due to the fake bills.
Then begin the elimination of ones and fives.
They want to remove the cash is separate steps and go cashless.
If I ran the banking system that's exactly what I would do.
It's directing the herd to the correct pasture.
I haven't been able to do that for nearly 20 years. Once I got divorced, it just didn't seem as much fun as it once was. I still hold onto the odd thing here and there as well as any silver I get.On one hand and as a coin collector (I'm biased) the system wants you to cash your change in. This is not a real crises it's the plan. Because real coin, even clad is a liability for the bankers/government etc.
For when we do go cashless, clad coins will hold value better than what ever digit system they currently have or will have.
On the other hand, I will get stuck with hundreds and hundreds of clad dollars worth of expensive washers and or bags full of change that I can use to put around my bunker and use as a shield from incoming fire. Or as counter weights for rope traps...the possibilities are endless.
I have started to hear similar reports of coin shortages/plastic only coming from other countries. Does anyone have first hand info on this?
I suppose. Yes it did count them I guess.Is it one that counts bills and gives an accurate receipt?
Why would you? That's the question you need to ask yourself. I would think the opposite is true. Hold on to coins if you insist on paying "cash."I'm just wondering whether or not it would be wise to exchange hundreds of dollars of rolled coins into paper
Coins are made by the US Mint. FRNs are made by the Federal Reserve. Different organizations.why aren't FRNs also affected?
Everyone who gives it even a moment's thought knows where they went. Two words:No one seem to know where the coins went.
Maybe everything will soon be priced in $1 increments, therefor no need for pennies, nickels, dimes, and quarters.
Yup, and whatever it is you can bet it's NOT goodWith the resent break on the lock downs in every state there is no reason for this shortage as coins can be counted and rerolled at the same time for redistribution and this normally happens rather quickly.
So there must be more to whats happening and their not telling us about it.
Simple. Presently, paper is still spendable. If I need to buy something for a few hundred dollars, I'd rather not pay with rolled quarters, dimes and nickels.Why would you? That's the question you need to ask yourself. I would think the opposite is true. Hold on to coins if you insist on paying "cash."
Hold on to coins.....
Everyone who gives it even a moment's thought knows where they went. Two words:
Toilet paper
Got it now?
i also think this coins shortage is a con, they dont magically disappear