I know there are a few threads around about the coin shortage but this one is a bit different. About 2 weeks ago several cities started experiencing coin shortages. Our local Chase bank has limited all coin purchases to a limit of 2 rolls per account. This means if you need $2 in cents you can only get $1 today. At the restaurant I operate, that has a drive thru, we have seen this shortage impact first hand. Quarters have been the hardest to come by that I have seen and experienced the worst impact. Several days I have had to go to 2-3 banks to get enough rolls to support change needs. We began utilizing half dollars to cut our quarter usage in half, pun intended. It has worked quite well and the banks have been more than willing to unload the half dollars that have been sitting for so many years and decades. It’s the craziest thing I have seen in awhile, until this article came out. A bank in Los Angeles announced today they will pay $5 for every $100 worth of coins brought in. https://www.foxla.com/news/coin-sho...for-spare-change-it-has-never-happened-before Half dollars are making their way back.
When I was working at NASA, they stopped using cents at the cafetarias. No reason for nickels and dimes, either.
Hey, am I good, or what? I would be happy as can be to see halves start circulating again. I was quite sure I'd never see it happen. But, of course, 2020 has been full of surprises. Now, if we can just remind the right people that silver tends to kill germs...
I don't need coins for a business. I just tell them how many rolls of what and as long as I have the money I get them. No shortage in my area.
Way to go! I thought of trying halves the first week where we were experiencing some difficulty keeping quarters in the tills. Most people don’t even look at the change you give them and throw it in the cup holder. Several of my employees had never seen one and a lot of the customers either. It’s been fun to watch it unfold. 2020 has been a year that is for sure.
Oh oh, are the police going to get calls from anxious store managers about people trying to pass off large coins with JFK on them? Hopefully this won't turn into a $2 bill drama...
Sometimes it ends in your favor. I went to taco bell to buy a $1.08 item. I handed the cashier 1 Presidential dollar, and one Kennedy half. Confused, she gave me back the half, and kept the dollar. That day I made $0.08 off a thoroughly confused cashier.
I wonder of people begin feeling the civic duty to bring in their coin jars, perhaps many roll searchers will find it to be a bonanza of rare coins. I always carry 50 cent coins with me and if I cannot use to pay, I use to tip.
This all sounds like a contrived shortage used to regulate and mandate our lives. Here are the statistics for Circulating Coins Coin Production for 2019: https://www.usmint.gov/about/produc...ulQuarters®years=&+CirculatingCoinsyears=1022
Sigh. We had a very good friend named Karen. Yeah, she was a bit tightly wound at times, but really didn't fit this stereotype that's burst into the world over the last month or two. I wince a little bit every time I hear "Karen" now.
So I work at Baskin Robins and I convinced the owner of the location to get halves from the bank and to use as change. Ive never seen so many confused people in my life.
I would gladly pay $5 for $100. LOL I knew what you meant, but upon first read, I thought it was funny.
That was just mean. LOL, LOL, LOL, I love it when the younger generation has to deal with us older folks.