US Mint Releases Public Service Announcement Regarding Coin Shortage

Discussion in 'US Coins Forum' started by paddyman98, Aug 7, 2020.

  1. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    Interesting..
    Your thoughts?

    Quote.. "This is NOT a coin supply problem. It’s a circulation problem.” closed quote



    I want to share the following CoinWeek article with you..

    https://coinweek.com/us-mint-news/u...service-announcement-regarding-coin-shortage/

    Quote.. "In fact, we are on track to mint more coins this year than we have produced in almost 20 years." Closed quote

    Hopefully we can find some new neat Mint Errors and Varieties! :woot:
     
    Last edited: Aug 7, 2020
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  3. Joe Campbell

    Joe Campbell Well-Known Member

    Bank lobbies being closed means that largely coin counter machines are unavailable. As a coin roll hunter I am extremely aware of the amount of traffic those machines host. Opening bank lobbies would alleviate this coin circulation issue in a matter of weeks.
     
  4. furryfrog02

    furryfrog02 Well-Known Member

    This exactly.
    I've got so many coins I'd love to off-load but nowhere to do it.
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    As I've said repeatedly, there is no coin shortage but there is a supply problem.
     
  6. Inspector43

    Inspector43 72 Year Collector

    I think he needs a bigger office. The coins shortage may be due to him not having enough room to work.
     
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  7. Inspector43

    Inspector43 72 Year Collector

    I've never used a coin star. Can you run any denomination? can you run mixed lots? Help appreciated.
     
  8. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    I use Coinstar twice a year.. You can dump all denominations at the same time and the machine sorts it out for you. Only thing is that they charge a .12 Cent per dollar fee. I don't mind the charge since the majority of the coins I dump are metal detecting finds.

    Here are two of my old CoinStar threads
    https://www.cointalk.com/threads/metal-detecting-coinstar-time.319541/

    And

    https://www.cointalk.com/threads/coinstar-day-totals-on-fogs-fims-and-detected-coins.356543/
     
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  9. GenX Enthusiast

    GenX Enthusiast Forensic grammatician

    My bank lobby is open for dumping, just have to wait outside until things are relatively clear, get temp check, then in you go.
    I don't use coinstar usually, but early on when the bank was closed, I used the Amazon feature where they don't take a percentage and give you a gift certificate or something;)
     
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  10. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    Let me rephrase that for them.

    "We take no responsibility for the coin shortage. Solve it yourselves. Good luck!"
     
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  11. Mike Thornton

    Mike Thornton Active Member

    Yes, you can run all detonations and mixed, the machine sorts them out. Keep an eye on the reject cup. I've used one a couple times. If you do, go slow, otherwise they tend to reject good coins. The big issue for me, is the machine at my local Kroger keeps 12%. I understand if you go to Walmart, and accept a Walmart gift card, you can get face value.
    Good luck
     
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  12. Mike Thornton

    Mike Thornton Active Member

    My bank accepts rolled coins at the Commercial, drive up window. I cashed $245 worth last Wednesday. They were grateful for them. Even gave me the paper wrappers free.
     
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  13. baseball21

    baseball21 Well-Known Member

    As mentioned many times before this is completely accurate
     
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  14. Jim Dale

    Jim Dale Well-Known Member

    I take my coins to my State Credit Union coin machine. After I have off-loaded all my coins, I check the reject slot. The coin machine gives me a receipt (after all my drops, the machine has never been wrong.). I give the receipt to the cashier and they will give me currency or let me deposit it. I always deposit it and they will also take the rejects and added it to the deposit. Great credit union.
     
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  15. Mr.Q

    Mr.Q Well-Known Member

    Thanks for the post paddyman I'll be looking forward to some new error finds also.
     
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  16. Alan Cecil

    Alan Cecil Active Member

    I use a State Credit Union where i just give the bag to teller at front door and brings me cash Then i will will go to my regular branch bank hand $ 100 and they will put 4 Boxes of pennies in my vehicle.
     
  17. Jim Dale

    Jim Dale Well-Known Member

    You're kidding, RIGHT?
     
  18. Burton Strauss III

    Burton Strauss III Well-Known Member

    Because we all know how many people pay attention to the US Mint.

    Ok, subtract about 20 who are collectors and here on the board, that leaves what, maybe 5 people in the rest of the world???
     
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  19. Cheech9712

    Cheech9712 Every thing is a guess

    Damn. That messed me all up. I was thinking the opposite (go figure). Was salting away all my 20 coins. I suck at this stuff
     
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  20. Cheech9712

    Cheech9712 Every thing is a guess

    I take mine to 7-11
     
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  21. furryfrog02

    furryfrog02 Well-Known Member

    I think I may get stabbed if I paid for everything with pennies.
     
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