OK Who Is doing all the Hording Here?

Discussion in 'Coin Chat' started by abuckmaster147, Jun 17, 2020.

  1. abuckmaster147

    abuckmaster147 Well-Known Member

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  3. Inspector43

    Inspector43 72 Year Collector Supporter

    @Kelly Capone Here you go, an opportunity for your excess. LOL
     
  4. medoraman

    medoraman Supporter! Supporter

    Not me, though I would be a logical suspect if the terms coins+hoarding were spoken together. :)
     
    Inspector43 likes this.
  5. cladking

    cladking Coin Collector

    I don't suppose it would even occur to them to stop making pennies since lobbyists want pennies even if they are worthless and toxic. Indeed, they could save money and resources by destroying all the pennies and strip already in the system and recalling the things as soon as bank lobbies are reopened.
     
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  6. medoraman

    medoraman Supporter! Supporter

    Logic+government+benefitting citizens? Surely you haven't seen our government operate the last 40 years......
     
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  7. Paddy54

    Paddy54 Variety Collector

    In Maryland as well neighboring states havent opened the coin stars and other counters as such.
    At one time the stores I visit i would see the coin star guy service the machines.
    I havent seen a rep. for coin star or other companies that have counters in stores.and most machines are blocked unplugged, out of service.
    All the coins from these machines is recycled to the banks.
     
    furryfrog02 likes this.
  8. yakpoo

    yakpoo Member

    Nickles are a waste of time, too. We need higher denominated (silver) coins...imho.
    $5, $20, $100...something worth collecting. Coins today aren't even worth the effort of cashing in at the bank.
     
  9. Kelly Capone

    Kelly Capone Well-Known Member

    Ha!
     
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  10. furryfrog02

    furryfrog02 Well-Known Member

    There is only one coin machine operating around me. All the banks that I usually dump at are still closed. I am sitting on somewhere around $1500 worth of cents. Not intentionally hoarding. Just can't offload.
     
  11. medoraman

    medoraman Supporter! Supporter

    Good point. Almost no one takes back coins anymore. Consumers are given change, then if they want to deposit them back either have to get ripped off in the change counters if the bank has them, take a sizable haircut at a CoinStar, or are told to roll their change if they want to deposit it. No one is making it very easy to get them back into circulation.

    I think this is different than 2009, (when the mint almost didn't have to strike coins), since this time the government is flooding the world with cash, and no one feels the need to cash in coins yet.
     
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  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I’m not in as deep as @furryfrog02... I am guilty of being one of the hoarders though. I have just south of $1000.00 rolled up in change and it’s just too danged heavy to carry to the bank!
     
  13. Kelly Capone

    Kelly Capone Well-Known Member

    It's not intentional hoarding. We've been cleaning out the house and garage and I didn't realize how much I had! :)
     
  14. Kelly Capone

    Kelly Capone Well-Known Member

    Ha! I just didn't know o had so much!
     
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  15. Kelly Capone

    Kelly Capone Well-Known Member

    True. I had no idea I had this much till we started cleaning out every closet and nook and cranny in the house! Ha!
     
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  16. nuMRmatist

    nuMRmatist Well-Known Member

    I can think of one who is hoarding (or who has 'found' so many), because his coin roll hunting finds (of Kennedy Silvers), according to my rudimentary calculations, is about .07% of all Kennedy Silvers).

    For ONE individual, that ain't far from the amount of Silver that Hunts got busted by SEC long ago, for trying to corner Silver Market.

    (course, I ain't counting the one KENNEDY that he posted twice as a 'find', about 2 1/2 months apart ;) ) (nor am I counting all the Silver that got cooked as a result of Hunts' pre-bust hoard)
     
    Kelly Capone likes this.
  17. Kelly Capone

    Kelly Capone Well-Known Member

    :O
     
  18. johnmilton

    johnmilton Well-Known Member

    I have not spent a coin in three months, and I have not received one in change. This virus has left me house bound with everything paid with credit cards and checks.
     
    Kelly Capone and john65999 like this.
  19. Maxfli

    Maxfli Well-Known Member

    Sounds like it's time for the Treasury to finally unleash all those dollar coins in storage. Shortage solved!
     
    Cheech9712 and furryfrog02 like this.
  20. Bill H.

    Bill H. Member

    GREAT IDEA! Problem is NO ONE WILL USE THEM because the treasury continues to print one dollar notes.
     
  21. PennyGuy

    PennyGuy US and CDN Copper

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