2 of my Banks have notified me of another Coin shortage.

Discussion in 'Coin Chat' started by Beardigger, Jun 16, 2021.

  1. charley

    charley Well-Known Member

    I think you may be misinterpreting. All appropriations involving budgetary increases due to Federal Contracts require Congressional Approval and Oversight.

    It is also incorrect concerning the long term lock ins and the supplier 'taking the hit". that is not how T&M COs work on Federal Contracts. If that were the situation, the public would never see any increases for any product the Fed purchases on behalf of the People. The Mint is subject to the same fiscal discipline and laws that Treasury is, and I am certain you would agree.

    No, such costs do not carry over until the expiration of the Contract. There are approximately 14 million Fed Contract cases that do not support your position, of which just over 1.2 million are Treasury Contract cases.

    Coincidentally, the Fed does not actually have to pay the Contract price when the source supply cost is reduced. I refer you to the Contracts language concerning the subject. Such Contracts are very particular, when the Contract is based on PMs.
     
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  3. charley

    charley Well-Known Member

    Timely and interesting. I stopped at a Sheetz store, which is a chain of in and outs similar to Highs, about a half hour ago, to get a Lemonade.

    The registers all had a printed sign "We are out of Change. We will buy your change". I asked... "just this location?". The answer was all locations in the Tri-Sate area. This Chain is super busy at all locations, 24/7. I was tempted to ask how much will you buy it for, but did not want to appear to be a wise-azz.
     
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  4. scottishmoney

    scottishmoney Buh bye

    7-11's near me are asking you to pay in exact amounts and they will buy change.

    As for banks I haven't been able to buy coin in quantity in almost 18 months. Last week I bought $100 worth of dimes at a credit union to search for silver - first search in over a year.
     
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  5. Millard

    Millard Coindog

    I thought aggregators were those large green lizardy things we find in the swamps here in FL? :meh:;):happy: Ok. Just kiddin!
     
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  6. wxcoin

    wxcoin Getting no respect since I was a baby

    They wear Crocs.
     
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  7. John Burgess

    John Burgess Well-Known Member

    it's not a supply problem it's a distribution problem in my opinion. the armored carriers are short staffed and limiting what they can do in order to get to everyone they need to get to still to some degree.

    the supply chain is all kinds of screwed up with so many places trying to fill positions that are now opened up again. they laid people off for the pandemic as demand decreased, and now that demand is coming back up, they can't fill the positions they vacated because those laid off people either moved on to another field, or found the new risk isn't worth the payscale of the job and holding out for something better. same goes for warehouses, manufacturing, restaurants and everywhere else including the armored carriers that do the bank distributions for the Fed.

    the first shortage was due to an interruption in circulation and supply, too many closures at once too many people freezing in place and not consuming for the economy.
    This second shortage is due to the interruptions in distribution, too many position vacancies to meet the demands of the banks in a timely manner, with most banks and businesses back open for normal business again. In either case,
    it's not proactive, it's reactive. Business is down, or closed, they gotta let them go.

    things pick up again, but nobody is hiring people that they don't need immediately just because they might need them at some point, so now they need them and can't fill the holes fast enough.
     
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  8. scottishmoney

    scottishmoney Buh bye

    I work in a vital industry that also has a serious shortage of workers, we are all working a minimum of 50 hrs a week. All this is going to ramp up inflation like crazy, just tonite a dinner for two that was about $25 a few weeks ago is now $38 tonite
     
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  9. Jim Dale

    Jim Dale Well-Known Member

    I live in North Carolina in a small city. I buy local and bank local. During the "First Coin Shortage" few stores had coins for change. Everyone got use to using a credit card. Even now, with coins available for change, my wife refuses to go back to Paying with VISA.
     
  10. Kurisu

    Kurisu Well-Known Member

    It's so extreme here again that the supermarkets by me here in Denver now have signs up encouraging people not to pay with cash. And I'm only a few miles from the Denver Mint...this shortage for them seems even more dramatic than the one in the middle of last year.
     
  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Completely honest here. The first coin shortage hit me hard. I am a cash using somebody. It absolutely irked me to use cards for menial transactions…… This is the first I have heard of a second coin shortage. Maybe it is a regional thing?
     
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  12. scottishmoney

    scottishmoney Buh bye

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  13. NPCoin

    NPCoin Resident Imbecile

    Machines like CoinStar. That is why it shows coin going from consumers to aggregators and back to the carriers for redistribution to retail and banking.
     
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  14. Conder101

    Conder101 Numismatist

    But there are no appropriations. Congress does not make appropriations for the Mint. They are self funded and no tax money is used to pay their expenses.
     
  15. charley

    charley Well-Known Member

    meh.... apple ipple
     
  16. wayne peterson

    wayne peterson New Member

    I have no problem ordering coins from my bank. I paid 1000$ for a box of 1/2 dollar coins. Are you paying up front? And I really didn't find anything worth a damn, nothing below 1971 was in my box. Hell if there was a way I'd sell you what I have left, face value because there are some minor ODD that I don't really care about. 72-74 in the word trust.
     
  17. furryfrog02

    furryfrog02 Well-Known Member

    Picked up my weekly boxes and was told that they are short on nickels. Only one box of nickels next week. Everything else is good though.
     
  18. Howard Ryan

    Howard Ryan Member

    What do you mean, no? Refusal of accepting legal tender for the services you publicly render is illegal. If I owe a debt to a creditor, say the loan department for school and they refuse to take legal tender for debts owed then the contract (debt owed) is annulled and made obsolete. I not only made a good faith effort to perform on the contract by offering to pay LEGAL TENDER but I did it in the most legal way possible and they refused. If they accept, rarely so in cash, performance on Contract either for loans or for say tenets they won't be able to evict you because you did not breach.


    Fortunately I understand contract law and that a republican form of government cannot enforce statues onto citizens without tacit agreement.


    https://pbs.twimg.com/media/EtFDBUdXYAciF4K?format=png&name=small


    It is why they stopped teaching wager of law/contract law in school which as of recent is starting to catch on. Corporate lawyers, bankers, criminals and Libertarian schmucks are upset they no longer will be able to use fictions, assumptions and presumptions to con people into charges of debt. As always, every man woman has the absolute right to accept or deny any all offers to contract and use legal tender to pay off said debt.


    And if they refuse your contract and you didn't breach or do anything criminal and they send you off to the slammer understand that extra-constitutional statues are illegal and that lying every single day and using fictions of law to constantly screw people over in private company contract courts, is also illegal, unless you willingly believe and agree to the scam.

    But shhhhhhssss, don't discuss monetary law only WE can discuss that.
     
    Last edited: Jun 19, 2021
  19. Howard Ryan

    Howard Ryan Member

    Yes, a creditor must accept perfectly legal tender for your debts owed if you offer it to him to pay off your debts. If he refuses then the contract is made void and the debt annulled. Happened to me! They didn't want cash or physical services rendered, and that is refusal of accepting my performance to contract in the most legal and best may I could. I won that battle.

    Interesting, so the mint is extra constitutional running under statues. I understand now. Thanks for the rundown. So, the mint is not incorporated under Us corp jurisdiction and has no congress oversight?
     
  20. Howard Ryan

    Howard Ryan Member

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    JP Morgan overtook a bond system for WW1 using private corporation donations. Some say he started the system. He didn't. The Department of War had no problem with this. And hasn't since the revolution of 1774 with The Association Incorporated.

    Banking corporations like JP Morgan hired private corporations like the Pinkertons to shoot wage slaves that are rioting while Morgan dodges paying taxes, and that's ayye ok! It is also why, to an unchristian banker "credit" means "force people into debt", when U.S. Inc. is literally a self-funding corporation off your name on their books. Leave it to morons like Rockefeller, JP Morgan & others to screw up a good thing for their own private boom/bust profit.

    I rest my case and like collecting coins for the novelty.

    Thought you'd find curious.
     
  21. charley

    charley Well-Known Member

    shpelling, shpelling, official dofonitons, official dofonitons.

    If we are going to complain, at least we should try to get the language right, so somebody will listen.

    Other than that, I got nuttin.

    Signed:
    Board Spelling Officer

    PS: I do appreciate the ATTICA! ATTICA! response, though.
     
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