Coin shortage

Discussion in 'Coin Chat' started by tibor, Sep 24, 2020.

  1. tibor

    tibor Well-Known Member

    Is your area still experiencing a coin shortage in your area? Here in
    N.E. Tenn. most of the fast food restaurants and convenience stores
    have the "Shortage" signs up, but the clerks get annoyed counting
    a dollar or two of loose change. Some banks/credit union lobbies are
    open, but in our area none of them have coin counting machines. Are
    there any CRHs here that are back to searching pre COVID quantities? Me
    personally I just round up/down my change so I get back quarters.
     
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  3. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    I live in New York City (Brooklyn) and haven't seen any evidence of a coin shortage. Some of the banks were closed for a while, some still are closed and offer only drive through or ATM service, but many have reopened stressing social distancing rules. I've had no problem getting 5-10 rolls of what I ask for. I'm not a serious CRH so I never get boxes of coins.
     
  4. Charles Ruge

    Charles Ruge Active Member

    My bank here in southern AZ put up a sign that they needed coins, so I took them $527 worth on Fri. The odd thing I'm seeing here is in my change at the local VFW has all kinds of older quarters showing up. I see more state quarters than anything else. A lot of them are in either high AU and some appear to be UNC. I also got a 1995 that looked like the day it was minted.
     
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  5. John Burgess

    John Burgess Well-Known Member

    in South Florida, nobody has a sign up except for the businesses that refuse to have business banking services and pay for them, so they have to hunt like everyone else for rolled coin. the bigger places with armored carrier service has no issues at all anymore, and that includes banks, HOWEVER, the banks are still being limited from taking more then they "normally need to service their business account holders" so they are limiting regular folks to a roll or two of anything tops.

    So, I don't see a problem except at the banks themselves or small businesses trying to cut banking costs struggling to find coin. I've never been asked to round up or down, and still the same girl at Popeyes since before the 'rona saying "oh, you wanted your coin change? people just let me keep it...."

    LOL.
     
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  6. John Skelton

    John Skelton Morgan man!

    It seems to be spotty here in Missouri. Some places simply round up to the nearest dollar on what they sell. A lot don't seem to care. I did see a sign at the hardware store asking for change. I usually just try to give correct change.
     
  7. Mr.Q

    Mr.Q Well-Known Member

    Here in Southern Idaho we are not experiencing a coin shortage as much a limited amount of boxed coin available. I ask for and receive as many as two of any denomination per week. Last I read, according to the mint all is good with the exception of slow delivery because of the Covid situation.
     
  8. LA_Geezer

    LA_Geezer Well-Known Member

    Your Popeye's story reminds me of the time that their cashier asked me for $25 for two three-piece snacks. When I suggested that there was a mistake somewhere, she said she would take $20, so I asked for my receipt. She threw the receipt at me and asked for what I really owed.
     
  9. Dynoking

    Dynoking Well-Known Member

    The sad part is some people may fall for it. Scum!
     
  10. LA_Geezer

    LA_Geezer Well-Known Member

    Yes.

    There does not seem to be a coin shortage in the Baton Rouge area. I do not CRH, though, but have ample change to feed Walmart's self checkouts, thanks to my wife who never pays for anything with change; a $19.01 charge gets me 99¢ worth of change every time she goes to the store.
     
    Dynoking likes this.
  11. Joshua Lemons

    Joshua Lemons Active Member

    Here in western KY, most businesses have signs up stating they need coins and to use exact change, but I've not had a problem with receiving change or anything. I rolled around $20 of loose change I had collected and exchanged it at a local DG for cash. I think they were bummed when half of it was pennies though!
     
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  12. SchwaVB57

    SchwaVB57 Well-Known Member

    A Kroger's near me was paying $0.02 for cents and $0.06 for nickels a couple weeks ago.
     
    LA_Geezer and -jeffB like this.
  13. CoinCorgi

    CoinCorgi Derp, derp, derp!

    I'd be cashing in my non-cent coins for cents, then head over to that Krogers. 100% profit!!! Must be a cap on how many they'll take.
     
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  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    It's just a supply problem not a coin shortage. A few businesses have signs up but nothing has changed. One business says they only take credit cards but if you hand them cash, you get change. The register drawers are full of coins.
     
    LA_Geezer likes this.
  15. Jim Dale

    Jim Dale Well-Known Member

    I have several hundred dollars in spendable coins. When i go to some stores, I take a dollar in coins for the exact change. For Wal Mart or other main stores, they want a charge card or checks. Self-checkout only takes credit cards. My Credit Union is hoarding coins for their "big" customers for change, yet the stores don't give you change in coins. I though that stores were required to take "legal tender" i.e., coins and currency. I remember in a law course I took ages ago, that it is a federal crime to not take "legal tender". It's been a while.. Anyway, I went to a Dollar General recently, and I watched the customers paying. If they paid with cash, the cashier would take the bills but would not give change. After each sale like that, I saw the cashier take the amount of change that belonged to the customer and but it in a bowl, instead of keeping it in the cash register. This cashier really got pissed when I paid in cash and gave her exact amount using the $1 in coins I carried.
     
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  16. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yes the retail outlets here are all claiming a change shortage. Most places here ask you to round your purchase up for one charity or another.
     
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  17. manny9655

    manny9655 Well-Known Member

    The only charity that I would round a purchase up for is my retirement fund. I'll give to the charities of MY CHOICE, not theirs.
     
    LA_Geezer, Mainebill and tibor like this.
  18. Razz

    Razz Critical Thinker

    The legal tender thing is for all debts public and private. When you are in a store buying something there is no debt. They can accept or reject any form of payment they want and keep their product if you don't agree.

    Now if you want to pay a debt such as property taxes they have to take your legal tender.
     
    thomas mozzillo likes this.
  19. STU

    STU Active Member

    nothing here in the Adirondack mountains northern new york . if they did i have lots of change. just keep around have not had time to go thru most . usually in the bad days of winter i go thru some of them . i would cash them in if needed . there are no coin counters around here lots of rolling. thats why i just store them the kids can have them someday to cash in
     
  20. Mainebill

    Mainebill Wild Bill

    I see the signs which just irritate me. I like getting my change so I can glance through it for any silver and I pull and roll copper cents. And then I throw it in a bucket for my sons savings. When my bank was asking for rolled coin I took the contents of the bucket and rolled it and deposited it. $350 worth of it. Believe me the crh don’t want this. Rolls and rolls of crappy zincolns and clad coinage lol
     
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  21. LA_Geezer

    LA_Geezer Well-Known Member

    There is a limit to this, though. On the due date, my brother took a satchel full of pennies into the Arlington County (VA) Courthouse to pay a tax he considered unfair. They refused the coins and slapped a late fee on the revised bill that was sent to him days later.
     
    Randy Abercrombie likes this.
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