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Coronavirus just shut my CRH down! Has it effected you?
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<p>[QUOTE="myownprivy, post: 4540851, member: 84588"]I think there are a few things to consider. </p><p><br /></p><p>1) (just a guess) banks have been doing much less cash business during the shut down because much less cash is being spent in stores. Therefore, they have had 3 months to ship out extra coins on hand back to Loomis, or whoever, and keep only small amounts of coins necessary for daily transactions once they reopen. Whatever that daily coin on hand amount is, banks often exceed it while waiting for Loomis weekly pick ups and deliveries. This means when they reopen their won't be a whole lot for us to search through until things return to normal. That could take awhile.</p><p><br /></p><p>2) While a positive is that in hard economic times people turn in coins, we already had hard times during the great recession. So we have had many years pass for people to turn in old silver containing coins. How many could possibly be left in grandpa's drawer to cash in?</p><p><br /></p><p>3) grandpa is probably dead from covid19, so it might take awhile to go through his stuff and find out.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4540851, member: 84588"]I think there are a few things to consider. 1) (just a guess) banks have been doing much less cash business during the shut down because much less cash is being spent in stores. Therefore, they have had 3 months to ship out extra coins on hand back to Loomis, or whoever, and keep only small amounts of coins necessary for daily transactions once they reopen. Whatever that daily coin on hand amount is, banks often exceed it while waiting for Loomis weekly pick ups and deliveries. This means when they reopen their won't be a whole lot for us to search through until things return to normal. That could take awhile. 2) While a positive is that in hard economic times people turn in coins, we already had hard times during the great recession. So we have had many years pass for people to turn in old silver containing coins. How many could possibly be left in grandpa's drawer to cash in? 3) grandpa is probably dead from covid19, so it might take awhile to go through his stuff and find out.[/QUOTE]
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