US Mint really really wants your coin stash

[devil21]

No comment needed. Y'all already know.

https://www.cnbc.com/2020/07/28/us-m...rculation.html

“There is an adequate amount of coins in the economy, but the slowed pace of circulation has meant that sufficient quantities of coins are sometimes not readily available where needed,” the Mint said in a statement.

“We ask that the American public start spending their coins, depositing them, or exchanging them for currency at financial institutions or taking them to a coin redemption kiosk.”

[ammodotcom]

When you start seeing debit card readers next to wishing wells, you'll know we've lost the fight.

[oyarde]

I need to guard Dankes change jar for him to ensure its safety .

[jkr]

sure...HOW MUCH YA GOT!?

[Anti Globalist]

They won't be getting a single cent from all the loose change I have built up.

[Slave Mentality]

It's pretty obvious they are manipulating this "shortage". On the bright side, my coin-pusher empire startup is on hold.

[unknown]

It's pretty obvious they are manipulating this "shortage". On the bright side, my coin-pusher empire startup is on hold.

Right?

The "shortage" makes no cents.

But seriously, wtf?

If anything, there should be an abundance of change and cash.

Since the quasi-Martial law, people have been using their track and trace cards.

[fedupinmo]

What would they give for 4000 copper pennies?

[devil21]

US Mint has recently put out a video PSA begging for your coins. Never mind that the head of the US Mint looks like Igor from Frankenstein and has the charisma of lawn furniture. Very convincing....


And now Mnuchin is begging for your coins.
https://www.zerohedge.com/markets/mn...-these-pennies

If you have extra coins at home, please use them to make purchases— or deposit them at the bank or exchange them for cash. Help get coins moving! ����
— Steven Mnuchin (@stevenmnuchin1) August 11, 2020

[devil21]

I got some new 2021 quarters in change yesterday from a QuikTrip gas station, which also had a sign at the register saying they "will buy my coins". I guess give me paper or a store credit for my older metal coinage? Didn't ask. Any way, the quarters are literally so light that I could barely tell I was holding one. They've been pulling out older coinage with decent base metal content and swapping back in, on a much smaller scale, new coins made of some kind of worthless pot metal.

Some historical info on coin clipping amid money debasement. Old Roman practice still in use to this day, just carried out a little differently.
https://www.gold-eagle.com/article/c...-and-inflation

[RJB]

I like this website. Pre 1982 copper pennies are 3 cents a piece. Zinc pennies are almost worth a cent. Ron Paul once joked that we can't stick to our zinc standard anymore. Nevermind the gold standard.
https://www.coinflation.com/coins/ba...alculator.html

[cjm]

I like this website. Pre 1982 copper pennies are 3 cents a piece. Zinc pennies are almost worth a cent. Ron Paul once joked that we can't stick to our zinc standard anymore. Nevermind the gold standard.
https://www.coinflation.com/coins/ba...alculator.html

Coinflation is what I used with my kids when they were younger. I'd give them their allowance in change three times a week. The total might be $3, but it'd be $0.73 one day, $1.11 the next, etc. They'd sort through looking for pre-83 pennies and junk silver. Pretty rare on the junk silver, so I bought some from a shop and slipped it in from time to time to keep them on their toes. They'd separate out the silver and copper and record their income and expenditures in a ledger. When my son had to "track his income and expenses" for 30 or 90 days for some kind of Scout badge, he rolled in with a book for the previous seven years.

[oyarde]

ya i use coinflation all the time , less math.

[DamianTV]

The only Coin Shortage is one of COMMON SENSE.