Why do we have a coin shortage due to Covid?
 

I see these signs in many places around here. Why? Are the feds taking them back?

It's the push for cashless society, man!

Seriously. I try to pay for food at restaurant the other day, they demanded credit card only. Its not to keep civid at bay since they made me touch their pen for a sig. How un-american of them? Pissed me off actually

Amen. They want to track your spending. Boy will they be surprised to see how much I spend on beer, beef jerky and Corn Nuts.

Who wants to be handling cash (paper and/or coinage) when it's much quicker and safer to use your credit card?

Not me. People have coins at home on their dresser... and it will probably stay there for quite a while.

As your mother used to say, "You don't know where that's been!"

those credit card reader slots... Covid crevasses! :eek: I'm not sticking my card in THERE!

/feigned outrage /feigned fear

Somebody better invent a credit card condom, then.

https://media.giphy.com/media/aBooMpl2faiHK/giphy.gif

Just sterilize it, mannnnnnnnnnnn!

https://media.giphy.com/media/YrlwGB...jvzN/giphy.gif

What are coins? Like those paper pieces with numbers on them but round? I remember those...
We even had those plastic thingies with embossed numbers before Apple Pay etc.

It is because people are using credit/debit cards and that keeps coins out of circulation.

I'd have told them I don't have a credit card... will you take an IOU?

Since March, I use my credit card over 95% - I don't carry any coins in my packet and cash is used for emergency only.

Is the panhandling community struggling?

I heard it has to due with the Feds not working as much, if at all. Coin and cash deliveries not be made because supply is not met. The cycle is broken.

It's pissing off the pan handlers really bad. The government is failing them again.

The local Job Lot has an offer every once in a while that if you buy a gift card, of any denomination, they'll add 40% if you pay in rolled up coins. I went to the bank and asked for $200 in quarters, bought a $200 gift card worth $280. Hell, we shop there anyway.

I realized how little I've been using cash when I needed some in December. Went to the ATM, and my card was expired...since July. Huh, I guess I haven't been getting cash for a while.

I wonder if it affected the Salvation Army bell ringers at Christmas time? Felt bad never having any spare change/cash on me.

In the spirit of the Reddit economic movement, we've been rolling coins and spending them. The local mom and pop donut store pretty much asked for everything we have.

Spend them if you got them! :-)

No Cash = Everyone must have a card.
All cards = No untraceable monetary transactions.
"Everyone has a card" = "National ID card." for better or worse.
"National ID card" also = "Voter ID card." for better or worse.

"No untraceable monetary transactions" = "We're from the government and we are here to help. We will calculate your taxes for you, don't worry."

If you're on E-file and EFT for your tax return or your stimulus payment, or
if you received the Government "Economic Impact Payments Card",

then congrats. You're already on your way!

The alleged coin shortage is just an example of "never let a crisis go to waste."

Couldn't agree more.

Also, since the hacking of info from Target and others, I've returned to cash for most minor (sub $100) purchases. Yeah, I know...cards have protections from info being stolen but they don't have protections from the hassles involved when it happens. My income is not able to be hidden these days, but I don't see how it's anybody's biz but mine on how I spend it.

I generally use my credit or debit cards to pay.

What I find comical is when I went to Panda Express and was told they cannot accept any cash and I must pay with a credit card.....then they asked me if I wanted to donate my change to some charity.

All of the government worker people are getting paid to stay at home in their PJs watching TV and eating snacks, I mean "work" from home.

City Hall, State of Calif, even the Lottery people are not going in to work. I think our society has gone full retard drama queen.

http://forums.pelicanparts.com/uploa...1612208037.jpg

It starts with the coins, then the dollars I tells ya! It's a slippery slope to put strippers and pole dancers out of bidness....

Dang Mormans :D

That's a good one...

rjp

Fairly certain they have to accept cash... "This note is legal tender for all debts..."

Not required. Business can set their own payment requirements. Cash, check, or credit card.

^^^^ Yep. I use cash for small purchases and have never encountered that .... even at Panda Express ;).

OK.... I'm wrong. I get my food before I pay though .... either take cash or the loss .... doesn't matter to me...

Burp :D

Start eating at the cash register, haha !

Occam's razor.

Yep, it's all going to change. There's pictures on those bills of you know, slave owners

hahahaha but true. All BS

Our bank pays 3% interest on checking account balances up to $25000 IF we use our debit cards 12 times a month. Our card use has gone way up since they started that policy.

I need a bank like that. I would change banks for that.

That's a nice deal.... but.

For only 25K, I wouldn't chase a miniscule difference in actual $ by going out of my way to use a debit card.... YMMV.

We all piss away more than that without even blinking. Remove the cap .... and I'd go for it too... jmo.

Over here, less than 9% of retail transactions are cash. It is all either cards or contactless (Apple Pay etc.)

I stopped using cash before 2005. Basically, only old people are still using cash and it is gradually being squeezed out. Even beggars accept Swish.

$25K in checking? :eek:

We don't have a coin shortage

I hear Germany still use cash and that's been the norm. I assume it depends on the country. When we were in China, even the street vendors in remote areas were using their system like Applepay called WeChat only that we need to have money in their bank to open an account. No thanks. Credit card was not wildly accepted by smaller merchants unless we were in the hotels. When we got to Bali, cash was normal.

Is cash still full of cocaine residue?