Why do U.S. coins seem to be in short supply?
federalreserve.gov
Why do U.S. coins seem to be in short supply?
1–10 of 222 posts
Re: Why do U.S. coins seem to be in short supply?
#2What does a shortage of coins look like today? Difficulty paying for a parking space or a gumball? Is it just difficulty giving change in a cash transaction? Wouldn't stores have access to banks that arent closed to be able to give change? What's the role that coins play today that would be noticeable?
Re: Why do U.S. coins seem to be in short supply?
#3What does a shortage of coins look like today? Difficulty paying for a parking space or a gumball? Is it just difficulty giving change in a cash transaction? Wouldn't stores have access to banks that arent closed to be able to give change? What's the role that coins play today that would be noticeable?
There’s some businesses like laundromats serving areas where many folks don’t have washer/dryer in unit that are still coin operated. It’s a real impact for those since people now need to go further to wash/dry or find friends or family who will help out.
Re: Why do U.S. coins seem to be in short supply?
#4Nobody uses them.
Re: Why do U.S. coins seem to be in short supply?
#5Nobody uses them.
The rich certainly don’t, but if you’re poor you need them more.
Re: Why do U.S. coins seem to be in short supply?
#6Nobody uses them.
There's millions of Americans using coin operated laundry machines, and that's just one example
Re: Why do U.S. coins seem to be in short supply?
#7What does a shortage of coins look like today? Difficulty paying for a parking space or a gumball? Is it just difficulty giving change in a cash transaction? Wouldn't stores have access to banks that arent closed to be able to give change? What's the role that coins play today that would be noticeable?
Stores are unable to handle cash transactions because they can't make change, because they can't get enough from their banks, because the banks aren't getting enough supply, apparently.
Re: Why do U.S. coins seem to be in short supply?
#8What does a shortage of coins look like today? Difficulty paying for a parking space or a gumball? Is it just difficulty giving change in a cash transaction? Wouldn't stores have access to banks that arent closed to be able to give change? What's the role that coins play today that would be noticeable?
Stores are unable to handle cash transactions because they can't make change, because they can't get enough from their banks, because the banks aren't getting enough supply, apparently.
In the past month I've received four half-dollar coins as change, which is four more than I've seen in the past decade. It seems like stores are reaching the bottom of their coin drawers; using coins they normally wouldn't.
Re: Why do U.S. coins seem to be in short supply?
#9What does a shortage of coins look like today? Difficulty paying for a parking space or a gumball? Is it just difficulty giving change in a cash transaction? Wouldn't stores have access to banks that arent closed to be able to give change? What's the role that coins play today that would be noticeable?
There’s some businesses like laundromats serving areas where many folks don’t have washer/dryer in unit that are still coin operated. It’s a real impact for those since people now need to go further to wash/dry or find friends or family who will help out.
A lot of apartment complexes also have on-site laundromats that are coin operated.
I've never understood why the cost of that isn't included in the rent, landlords can't be taking that much of a cut from it.
Re: Why do U.S. coins seem to be in short supply?
#10Hopefully this would prompt the U.S. to finally deprecate the penny