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<p>[QUOTE="Paddy54, post: 3094131, member: 19250"]I do believe mintages are set by congress. I know for a fact that the Federal Reserve Bank of Richmond Baltimore branch there's tons of coins in their vaults that have sat there for years! Yes correct mostly dollar coins,but demand for businesses to order coinage to make change has fallen.</p><p>I asked a food store manager what sort of change order do they place a week?</p><p>His reply we get one delivery a week for hard coins, we have a 5 day a week pick up by Brinks. He then said yes we do recieve once a week enough of singles and fives, to maintain the self check outs . His next sentence was 90% of their business is electonic transactions that didn't include food stamps which now are also done on a card. Then of course manufacturers coupons that does varry as some demographics do use them others don't.</p><p>Then the conversation turned to checks....years ago working in a retail food store we handeled a lot of checks.</p><p>I can remember running yards of calcuator tapes, no longer they too are done by eletronics just like your debit cards. A check is written processed at the location and handed back to the customer.</p><p>No longer need to send into the bank to clear.</p><p><br /></p><p>Years ago you had perhasp 15 check out lanes or cash register old school name.</p><p>You may of had 1 or 2 full time cashiers the rest were part time.</p><p>The safe held pans for the register. Each pan assigned to a cashier. Each pan had a ba k of $100 .</p><p>So to cover all personel you may have 30 pans @$100 each when they went on break ,lunch, or home the pans were counted out back to $100. For their next shift.</p><p>Now a days a retail food store operation may only have 3 cashiers open and up to 10 self check out stations. The cashier never opens any longer with a $100 bank as it isn't nessary, as customers pay more with a card or use the self check out.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 3094131, member: 19250"]I do believe mintages are set by congress. I know for a fact that the Federal Reserve Bank of Richmond Baltimore branch there's tons of coins in their vaults that have sat there for years! Yes correct mostly dollar coins,but demand for businesses to order coinage to make change has fallen. I asked a food store manager what sort of change order do they place a week? His reply we get one delivery a week for hard coins, we have a 5 day a week pick up by Brinks. He then said yes we do recieve once a week enough of singles and fives, to maintain the self check outs . His next sentence was 90% of their business is electonic transactions that didn't include food stamps which now are also done on a card. Then of course manufacturers coupons that does varry as some demographics do use them others don't. Then the conversation turned to checks....years ago working in a retail food store we handeled a lot of checks. I can remember running yards of calcuator tapes, no longer they too are done by eletronics just like your debit cards. A check is written processed at the location and handed back to the customer. No longer need to send into the bank to clear. Years ago you had perhasp 15 check out lanes or cash register old school name. You may of had 1 or 2 full time cashiers the rest were part time. The safe held pans for the register. Each pan assigned to a cashier. Each pan had a ba k of $100 . So to cover all personel you may have 30 pans @$100 each when they went on break ,lunch, or home the pans were counted out back to $100. For their next shift. Now a days a retail food store operation may only have 3 cashiers open and up to 10 self check out stations. The cashier never opens any longer with a $100 bank as it isn't nessary, as customers pay more with a card or use the self check out.[/QUOTE]
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