- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 7/4/20 at 10:45 pm to thelawnwranglers
Sure it's a combination of things.
I would guess that a lot of people who usually carry change around with them and try to spend it don't want to handle it right now.
So, they just dump it into a jar when they get home but don't take any back out with them.
A lot of people do that anyway but I am sure there are a ton of people just doing it now due to Covid.
I would guess that a lot of people who usually carry change around with them and try to spend it don't want to handle it right now.
So, they just dump it into a jar when they get home but don't take any back out with them.
A lot of people do that anyway but I am sure there are a ton of people just doing it now due to Covid.
This post was edited on 7/4/20 at 10:47 pm
Posted on 7/4/20 at 11:00 pm to OldHickory
quote:
Mints slowed down or stopped production because of Covid. Back up and running now.
quote:
Retail deposits slowed almost stopped for months. Retail opened back up and requested coin but hadn’t deposited what they had. Mint couldn’t keep up.
And then people started hording coins because of the above mentioned shortage.
Posted on 7/4/20 at 11:11 pm to thelawnwranglers
This is a trashy thread
Posted on 7/4/20 at 11:19 pm to thelawnwranglers
The government wants to implement a digital dollar and they want to get rid of cash/coins.
This post was edited on 7/4/20 at 11:20 pm
Posted on 7/4/20 at 11:25 pm to Asharad
quote:
And then people started hording coins because of the above mentioned shortage.
My barn is full of toilet paper, rolled nickels, and 9 mm ammo.
Posted on 7/4/20 at 11:30 pm to Klingler7
round prices to the nearest 0.05 cent
Yes. Elect me and I will put this into place. Penny production will be halted and every cent would be ironclad earmarked to pay towards the National debt. It is a good idea.
Fed says there are an average of 14 trillion transactions per day. Say you only averaged $0.01 per by rounding up to nearest $0.05. You could pay off the debt in a year or two, then start using it to fund the government. No more income tax and you wouldn’t even feel it.
Be stupid not to do it.
quote:
round prices to the nearest 0.05 cent
Yes. Elect me and I will put this into place. Penny production will be halted and every cent would be ironclad earmarked to pay towards the National debt. It is a good idea.
Fed says there are an average of 14 trillion transactions per day. Say you only averaged $0.01 per by rounding up to nearest $0.05. You could pay off the debt in a year or two, then start using it to fund the government. No more income tax and you wouldn’t even feel it.
Be stupid not to do it.
This post was edited on 7/4/20 at 11:40 pm
Posted on 7/5/20 at 12:30 am to wareaglepete
I hope this is a joke ^^
Posted on 7/5/20 at 7:52 am to Asharad
quote:
And then people started hording coins because of the above mentioned shortage.
Yes retail hoarding is real. When the news hit that sector started ordering like Karen’s buying toilet paper. They are still doing it.
Two other factors.
Stores don’t want employees touching coins because somehow they think that all coin they get is somehow “new” so they didn’t deposit and ordered
Casinos around the country are opening back up and ordering huge amounts of coin placing more demand on the cycle.
Posted on 7/5/20 at 9:28 am to thelawnwranglers
Piggy Banks......etc.
Posted on 7/5/20 at 9:37 am to Klingler7
quote:
Why don’t we just do away with pennies and round prices to the nearest 0.05 cent.
Can we skip ahead to rounding to the nearest $0.50? What use does anyone have for nickels or dimes besides babies who want to shove something up their nose or poors and their scratchy-lottos?
Posted on 7/5/20 at 9:38 am to LSU Tiger Bob
Certain people in certain parts of the world use flat stones as a substitute for toilet paper. I imagine coins could serve similarly.
Posted on 7/5/20 at 10:12 am to Klingler7
quote:
Why don’t we just do away with pennies and round prices to the nearest 0.05 cent.
quote:
Cashiers can’t count most of the time
Neither can you apparently. Rounding to the nearest 0.05 of a cent (5/100s of a cent) as you suggest wouldn’t solve anything.
Posted on 7/5/20 at 10:35 am to MikeBRLA
My personal experience is that the local banks that have coin counting machines have them out of order at this time for infection control. I have been trying with no luck to cash out about $200 in coins for 3 months.
Posted on 7/5/20 at 12:03 pm to thelawnwranglers
quote:
It is unclear where the flow stopped anyone understand
washing and sterilizing all coins returned to banks takes time, stores run by karens are not reusing coins, they are bringing them to banks to exchange for "clean" coins that are most likely contaminated with more diseases then the ones they turn in
Posted on 7/5/20 at 1:21 pm to keakar
A friend actually brought this up last week. He said he and s lot of people he knows are hoarding coin because paper money will soon be worthless.
Didn’t know what to tell him
Didn’t know what to tell him
Posted on 7/5/20 at 1:39 pm to LSUCouyon
quote:
He said he and s lot of people he knows are hoarding coin because paper money will soon be worthless.
but the coins will hold value?
Posted on 7/5/20 at 1:40 pm to thelawnwranglers
quote:
What is driving coin shortage?
Couch cushions.
Posted on 7/5/20 at 5:21 pm to thelawnwranglers
This country doesn’t handle change very well.
Posted on 7/5/20 at 5:23 pm to thelawnwranglers
I feel that the underused coin pouch has been ignored for way too long.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News