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#1034717 - 07/18/20 07:25 PM Coin shortage
RICH G
Unregistered


Why is the coinage being pulled out of circulation. Banks are shorting change orders because the FED has shorted their deliveries. Big corps are not giving change at all, either you pay exact cash or round up.

We have years worth of clad change, since 1964 so this is weird.

Could be a couple things, a copper penny is worth twice its face value in melt price. 2 cent pennies don't seem like a good enough reason. Could be a move to cashless? Same problem in the UK so its not just the USA.

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#1034733 - 07/19/20 06:49 AM Re: Coin shortage [Re: ]
RICH G
Unregistered


So you know this stuff huh?

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#1034738 - 07/19/20 07:28 AM Re: Coin shortage [Re: ]
ondarvr Offline
Three Time Spawner

Registered: 09/07/05
Posts: 1867
Loc: Spokane WA
Strippers control that market, they only trade in paper money and CCs, so I can see why coins are going away. No real value.

You can drill holes in them to make high quality washers, its cheaper and you get better metal.

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#1034741 - 07/19/20 07:33 AM Re: Coin shortage [Re: ]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Can't work the gum ball machine, RICH?
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#1034745 - 07/19/20 07:54 AM Re: Coin shortage [Re: Dan S.]
ondarvr Offline
Three Time Spawner

Registered: 09/07/05
Posts: 1867
Loc: Spokane WA
Originally Posted By: Dan S.
Can't work the gum ball machine, RICH?


I can imagine that market is gone now.

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#1034755 - 07/19/20 09:15 AM Re: Coin shortage [Re: ondarvr]
ArvidBarker
Unregistered


Originally Posted By: ondarvr
Strippers control that market
I got strippers last night or wait that was stripers.

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