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Yo_Mama_Been_Loggin

(107,841 posts)
Thu Jul 23, 2020, 08:33 PM Jul 2020

US Mint is literally begging for spare change

Uncle Sam wants YOU to dig under your couch cushions and unearth your spare change.

No, really.

The United States is in the midst of a nationwide coin shortage brought on by the coronavirus pandemic, making life difficult for banks, retailers and anyone who regularly pays with cash. The US Mint, which is in charge of producing new money to replenish the country's supply, is working on addressing the issue, and now it's asking Americans to help out, too.

The Mint is asking people to pay with exact change and to find other ways to return coins they may have lying around to circulation, it said in a press release Thursday.

https://www.msn.com/en-us/news/us/us-mint-is-literally-begging-for-spare-change/ar-BB176Zhn?li=BBnb7Kz&ocid=DELLDHP

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Skittles

(153,138 posts)
3. I've been doing that
Thu Jul 23, 2020, 08:38 PM
Jul 2020

I have a bunch of change and whenever I'm at the supermarket checkout and no one is behind me, I start feeding into the change slot....yup

Ms. Toad

(34,056 posts)
5. Not if I have to pay to convert it to something else
Thu Jul 23, 2020, 08:40 PM
Jul 2020

#yes_coinstar_I'm_talking_to_you

Also talking to stores or other places that won't accept coin rolls as payment.

RockRaven

(14,951 posts)
7. One of my siblings had a bank (wells fargo) refuse to accept coin rolls.
Thu Jul 23, 2020, 08:44 PM
Jul 2020

She was pretty pissed off at having wasted the time sorting and rolling a big jar of change for no reason...

Ms. Toad

(34,056 posts)
11. The only banks around here that will take them
Thu Jul 23, 2020, 09:23 PM
Jul 2020

are banks where you have an account (so they can tag them with your name and debit your account if you miscounted).

That exacerbates the class disparity - since it is largely people who don't have bank accounts who depend on a cash economy.

There is no reason banks can't run coins through a coin counter and give you bills - especially if there is a shortage of coins.

RockRaven

(14,951 posts)
13. She's had account there for 3-4 decades, which was part of her annoyance.
Thu Jul 23, 2020, 09:39 PM
Jul 2020

Bad customer service, no loyalty.

But I hear you about the class/privilege issue.

Fortunately for her, she rolled them herself because she dislikes coinstar on principle, not because the fee is burdensome to her budget. So she admitted defeat, unrolled them all, and took it to the coinstar in the grocery store down the block.

It was before the covid lockdowns, and so before the coin shortage. Probably they'd be singing a different tune today.

TexasTowelie

(112,065 posts)
12. Coinstar asks for 11% for transactions at the grocery store near me.
Thu Jul 23, 2020, 09:36 PM
Jul 2020

However, the store will not accept rolled coins at their customer service desk. Thankfully, the convenience store and liquor store in my area not only accepts rolled coins, but they are also willing to pay me for any coin rolls that I have in excess of my purchase. Not only is it good for their business, but they also build customer loyalty in the process.

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