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Went to my local Dunkin Donuts and they encourged me to pay with exact change or with electronic money due to a supposed "coin shortage".... being blamed on Covid 19 of course.
Does any thinking person believe that there really is a coin shortage, in other words the amount of coinage in circulation is any less today than it was at the beginning of the year? If there is a coin shortage it can only be because the banks are hoarding the coins, because they are trying to push everyone to not use coins.
Where am I wrong?
No, I don't think there is a coin shortage, but I do think that the super rich are beginning to hoard precious metals, which coins are still made of, in anticipation of a depression or war about to break out.
Any poor sap who has the fortune to drive the the Chipotle, that disgusting excuse for Mexican Food, and get some food, and who doesn't just add the change left over and a Washington or two for the Cashier's tip should just stay home in the first place or work a little harder at work and show some ambition for a "change."
Went to my local Dunkin Donuts and they encourged me to pay with exact change or with electronic money due to a supposed "coin shortage".... being blamed on Covid 19 of course.
Does any thinking person believe that there really is a coin shortage, in other words the amount of coinage in circulation is any less today than it was at the beginning of the year? If there is a coin shortage it can only be because the banks are hoarding the coins, because they are trying to push everyone to not use coins.
Where am I wrong?
I'm sorta with you.
Those who pay electronically or online are a non-contributing factor here.
If those who normally pay with cash are no longer out and about, then they wouldn't be getting change from stores. Nor would they be paying with change so they cancel themselves out.
The only thing I can think of is everyone that used to get change from stores (that only pay with bills) and have rolls of change at home have stopped going to banks to deposit them. I can't imagine that that number is high enough to make a difference.
1. banks around me never shut down (yes specific to my location, but we are experiencing a "coin shortage")
2. if laundromats have shut down, then they aren't taking in coins from the public - unless they're sitting on piles of coins and haven't deposited them - and therefore are not contributing to the problem.
if there is a destruction/production process that was disrupted, then that could explain it.
why weren't bills affected?
Last edited by blahblahyoutoo; 08-16-2020 at 01:33 PM..
Either intentionally or not people aren,t circulating as many coins. Wouldn't be surprising if paranoics are hoarding and causing the problem they fear.
No, I don't think there is a coin shortage, but I do think that the super rich are beginning to hoard precious metals, which coins are still made of, in anticipation of a depression or war about to break out.
American circulating coins haven't been made with truly precious metals in over 50 years.
God, does everything have to be a conspiracy theory to you people?
Just do A LITTLE research and you will see that internet shopping is through the roof. So that means that people are not paying in cash. That means that coins are sitting in cars, cans on dressers, and junk drawers.
That's where all mine are.
how much more coinage have you accumulated since the pandemic?
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