Myers Depot Metal Detectors

Nationwide coin shortage - THIS IS OUR TIME TO SHINE!!!

doing my small part

Stiffwrists said:
I turned in $93.34 in clad to the local Credit Union this afternoon. Doing my small part!
Click to expand...

If every one on the forum scattered all over the USA dumped their clad that is sitting around home in containers , can you imagine how much that would amount to put back in circulation. Best of all, you could get rid of those discolored coins .
 
All the coins we find wouldn’t have been put back into circulation any other way, so we are actually ADDING to what is already out there...somewhere. If everyone cleaned out their ENTIRE car it would be quite a sight!
 
A article on the coin shortage National coin shortage may affect how you can pay at Meijer, Lowes and other retailers
By Mary Kilpatrick, cleveland.com 46 mins ago




National coin shortage may affect how you can pay at Meijer, Lowes and other retailers


CLEVELAND, Ohio — Coronavirus is causing a shortage of U.S. coins, and retailers are changing their policies to adapt. Banks, too, are watching the situation closely.

The Federal Reserve, which distributes coins to banks and credit unions, said the pandemic has “significantly disrupted the supply chain and normal circulation patterns for U.S. coin,” in a news release this month.
The U.S. Mint has slowed coin production to protect workers. During the height of the shutdown, fewer coins came back to the Federal Reserve from banks.
As states have reopened, banks began asking for more coins, “resulting in the Federal Reserve’s coin inventory being reduced to below normal levels,” the news release said.
The Fed this month began temporarily giving banks a set amount of available coins, based on factors including historic order volume, and the current U.S. Mint manufacturing rate. The limits could be reviewed and changed in the future.
Retailers like Meijer are temporarily limiting the use of cash in most of its stores to help offset the coin shortage. Shoppers can largely only use cash at an in-person checkout line. Self-checkout machines are limited to credit and debit cards.
“While we understand this effort may be frustrating to some customers, it’s necessary to manage the impact of the coin shortage on our stores,” Meijer spokesman Frank Guglielmi said in an email.
A sign at Lowe’s in Fairlawn over the weekend read: “Attention customers: The U.S. is currently experiencing a coin shortage. Please use correct change or other forms of tender if possible.”
KeyBank said it’s monitoring the coin shortage and has guidelines in place to help manage coin circulation.
The bank said it “will continue to work to minimize the impact on our clients.”
The Fed suggests that banks only order the coins they need and allow customers to deposit rolls of coins again to help combat the shortage.
———
©2020 The Plain Dealer, Cleveland
 
We haven't noticed any coin shortage here but we live in a small town.

I wouldn't suggest trying this, but it is funny, though if the person gets a parking ticket they might not be laughing :lol:
(not sure what town this pic was taken)
when-you-pay-for-parking[1].jpg
 
Walmarts in my area have made half of their self serve checkouts "credit card only". All that will do is make the lines longer at the machines that take cash.
 
I don't believe what i see hear or read anymore .I go by logic if were in a economic contraction why are we short change less money exchanging hands means less money needed.
So not enough coins i don't think so look at what canada did mined all the nickels and pennys out of circulation a profit for there goverment leaving the people with more paper. Now a penny has more value than a dollar it's paper the pennys copper or zinc worth something.
If we go to digital money there will be no need for change so i think this shortage is sham the government would not have to pay 2 cents for every penny minted there just mining the base metals till people wise up.
Another government scam save your coin . sube
 
sube said:
I don't believe what i see hear or read anymore .I go by logic if were in a economic contraction why are we short change less money exchanging hands means less money needed.
So not enough coins i don't think so look at what canada did mined all the nickels and pennys out of circulation a profit for there goverment leaving the people with more paper. Now a penny has more value than a dollar it's paper the pennys copper or zinc worth something.
If we go to digital money there will be no need for change so i think this shortage is sham the government would not have to pay 2 cents for every penny minted there just mining the base metals till people wise up.
Another government scam save your coin . sube
Click to expand...
Very few using cash nowadays...we went to digital money long ago.
 
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