US running out of coins?

Have you tried going to the bank lately and asking for a half dollar? Good luck...

 

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That's a CAT. A manx.

 

I did last month:

 

I always assumed it was vulgar slang, but no, I was wrong. I learned something new today thanks to the interwebs .

English Wine Cask Sizes

tun 210 gallons
butt 103 gallons (half tun)
puncheon 70 gallons (one third tun)
hogshead 52.5 gallons (half butt)
tierce 35 gallons (half puncheon)
barrel 26.25 gallons (half hogshead)
rundlet 15 gallons (seventh of a butt)

 

Did someone say my name?

 

.

 

I think the Gov't should reinstitute fractional currency.
Think of the possibilities.
You could start a collection of 1¢ bills!!!

 

It’s a little less than a crapton

 

As I understand it, the coin "shortage" is caused by several factors. The West point and San Francisco mints were shut down for awhile due to Covid which impacted the number of coins produced, and put the mint behind schedule of coin production schedules. Both open now, but running at reduced capacity due to covid working guidelines.
Banks closing lobbies (and access to FREE coin counting machines) seriously hampered people's ability to keep coins circulating.(I know I have a back log of over $2000 I normally would have dumped by now, and i'm small fish in the CRH game). This causes a higher demand for new coins from the fed, which is strained already by lower production.

Coin collectors are thinking that 2020 may be the lowest production year for coins since 2009, and hanging on to any 2020's they come across. Some areas seemingly have yet to see 2020 coins in the wild (according to various cointalk threads). While in my area there was a large dump of 2020 Weir Farms quarters, and I'm sitting on $400 dollars worth I have yet to dump (and may decide to keep). I have already dumped another $300 back into circulation.
The fed has now limited coin shipments to banks based on what they historically have been getting, meaning banks are limiting coin sales to individuals for now.
You can Google mint production numbers and get production numbers for any year. the figures for 2020 are a stark contrast to the 2019 numbers. Although updated monthly, the figures do not show any production figures for the Weir Farms or Salt River Bay quarters yet.

https://www.usmint.gov/about/produc...ulQuarters®years=&+CirculatingCoinsyears=1022

 

What!? Someone who actually read the article!? Show off! lol

 

Since neither West Point nor San Francisco make coins for circulation that would have no effect.

 

If you actually run the numbers you will find that if each person hoard/loses/puts away long term ONE coin per WEEK,it will consume the entire annual mint production. How many of you have a change jar/tray or some such place you throw you loose change at the end of the day rather than carrying it? On average how many coins a week do you throw in it? If you go to the bank and get a bow of new cents and keep one roll, that is your entire annual quota of coins from the mint for the year. Keep the whole box, that is the entire annual production for 50 people. it adds up fast.

 

Today in my Local McDonald's drive thru.....there was a notice posted that said because of the coin shortage, they want you to use a debit or credit card.
Also got a eMail at work saying because of the coin shortage, if we do not have a dedicated bank, to stock up on change as much as possible.