Shortage!

Discussion in 'Coin Chat' started by Nathan401, Jul 5, 2020.

  1. Conder101

    Conder101 Numismatist

    The problem is they AREN'T in circulation, they are in peoples accumulated hoards.

    This could be a clue, you are getting all new coins because the old ones aren't flowing back to the banks.

    Was the other guy possibly a business owner? If the bank is short or having difficulty getting shipments in, the business owners will be given priority
     
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  3. nuMRmatist

    nuMRmatist Well-Known Member

    NC banks are closed , 'cept for drive-thru (SOCIALISTA party governor ).

    Rolls probably won't go through vacuum cannister.

    I roll change bucket 2x yearly - usually about $170 , +/- a few $.

    Couple days ago, took about $100 in rolls to convenience store that I frequent. Mgr has a sign ; We'll buy rolled coins.

    "I don't have any place to put them" , she told me , AFTER spending 5 minutes on phone with another store mgr. , trying to find a home for my rolls.

    P f f t t t . So I rolled 2 more - MY EYES....................................
     
  4. nuMRmatist

    nuMRmatist Well-Known Member

    Hmmm ...

    Edited: Language/subject inappropriate.
     
    Last edited by a moderator: Jul 7, 2020
    Mike Davis likes this.
  5. tommyc03

    tommyc03 Senior Member

    No problem here. Both my bank branches have mechanical drawers.
     
  6. Kentucky

    Kentucky Supporter! Supporter

    Me too, but don't tell the Modulators (deliberate)
    [​IMG]
     
    nuMRmatist and Collecting Nut like this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    I noticed the crystal ball in the right hand. Lol
     
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  8. nuMRmatist

    nuMRmatist Well-Known Member

    I liked it too.

    Looks like I crossed the line tho' ...

    I got no clue ....................................................

     
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  9. Mike Davis

    Mike Davis Well-Known Member

    Just another way to try to disrupt our economy. There is no reason for there to be a shortage IMO. Folks need to spend what they have in order to live.
     
  10. CoinCorgi

    CoinCorgi Tell your dog I said hi!

  11. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    So now I’m seeing similar signage in all sorts of different stores. Interesting.
     
  12. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

  13. Garlicus

    Garlicus Debt is dumb, cash is king.

    Glad I picked up that new 4x4 mailbox post in S. Attleboro last month, lol.
    @green18 I paid cash for it, like I usually do for everything :) If not, I try to use PayPal, even with (large) Home Depot purchases (order online, pick up at store).

    The pressure treated wood 'shortage' is probably due to most people enjoying a staycation vs actually going somewhere, or anywhere, thus they add on a deck, build that she-shed for the Mrs, or whatever.
     
    Last edited: Jul 11, 2020
    Legomaster1, green18 and Nathan401 like this.
  14. Garlicus

    Garlicus Debt is dumb, cash is king.

    There is no shortage, per se. With many people staying home, not leaving the change as tips at the coffee shop, and banks only offering drive-thru service for a while, change has not been circulating as freely as it normally does. And yes, the increased use of plastic and electronic payments, overall, has something to do with it.
     
  15. tommyc03

    tommyc03 Senior Member

    Your spot on about the lumber. I live in a very rural area and everyone is replacing post & rail, building decks, repairing out buildings, building raised gardens, etc. It's the same with mulch, potting soil, fertilizers for those new gardens.
     
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  16. Brian Calvert

    Brian Calvert Active Member

    You should write it so the young people can learn from the ignorance and gullibility in this country.
     
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  17. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    I posted a coin World article that came out this morning about this very topic of coin shortage. It’s above in the thread.
     
  18. Brian Calvert

    Brian Calvert Active Member

    Many reasons and people on here could go and find all the reasons. Yours is one of them. Problem here is that isn't a rock music site, or skate boarding, surfing, models, etc. It is a site built and posted by mostly old stick in the mud. Their 1972 opinions carry over into everything including Socks, and how to tie shoes. Coin collectors as a group are not very Open minded. Everything is a HOAX "if he says so"

    or,
    you collect "MODERN COINS" - u r not a real collector

    Sorry if that made u so mad your teeth fell out.
    - Edited -
     
    Last edited by a moderator: Jul 11, 2020
  19. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    I started this thread as an interesting thing that I noticed locally about coins. Now I see articles confirming it’s widespread, and not only local to me. Let’s not let political differences block the flow of information.
     
    lordmarcovan, Kentucky and Garlicus like this.
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    But that would draw attention to my area and since we don't fit the narrative of no change they'll create one. Not a single business had a sign up asking for change or asking you to use a credit card.
     
  21. ToughCOINS

    ToughCOINS Dealer Member Moderator

    There is NO COIN SHORTAGE!

    Americans have, over decades, grown used to throwing their pocket change into a bottle, jar or piggy bank, rather than using it to make exact payment. This has forced the mint to increase to untenable levels the forecast "need", when in fact it was not needed.

    I'd bet my natural teeth that if Americans turned in all of the coins held in their possession, the Mint would have to scramble, looking for a way to justify its existence. They'd probably have to claim the coins returned were all too worn to be recognizable and start a smelting program, or some such nonsense.

    How many households do you know of, where there isn't at least one family member who accumulates pocket change until it amounts to enough to go to the bank and request enough paper coin rolls to wrap up a couple hundred dollars?

    Stop screaming shortage already . . .
     
    Last edited: Jul 12, 2020
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