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Why do U.S. coins seem to be in short supply?

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Re: Why do U.S. coins seem to be in short supply?

#221

Post by jessaustin » Thu, Jul 23, 2020, 4:35 PM UTC

kevin_thibedeau wrote: post #54

jessaustin wrote: post #27

Earlier quoted context omitted.

You're going to have to give us more information than this. Sure, lots of business models "prey on poor people", but which ones of those are threatened by electronic wallets?

Payday loan sharks are the big one. Universal banking puts them out of business.

Depending on what that phrase "universal banking" entails, sure. It is the case that some good loans are not being made because of the perceived risks of particular potential borrowers. I don't think free electronic wallets are going to help with that, however. Lots of bad loans are also avoided due to the perceived risk of the potential borrowers. An electronic wallet isn't going to help differentiate this.

Re: Why do U.S. coins seem to be in short supply?

#222

Post by loco5niner » Fri, Jul 31, 2020, 11:18 PM UTC

pxx wrote: post #120

tomschlick wrote: post #78

Earlier quoted context omitted.

Pro tip: Coinstar wont take a cut if you get it as a gift card. The times I've used them I just opt for an Amazon Gift card or one for the local grocery chain that I'm already going to be spending money at.

That's, uh, taking a cut, albeit a smaller one. You'll lose the cashback or other rewards that you would've gotten for using a credit card. Gift cards can also commonly be obtained for under face value.

But spending coins doesn't give you cash back rewards either.

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