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Thread: Retail coin shortages

  1. #1
    resident Humboldt's Avatar
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    Retail coin shortages

    For a few months now our local banks aren't getting their coin orders filled.

    Typically quarters in particular but sometimes everything.

    I can go to 3 banks and not be able to buy any quarters.
    Normally try to keep $60 extra from the till, so not being able to get any or be capped at $30 really sucks since we have a lot of cash transactions.

    Supermarkets have signs saying they'll buy rolled quarters, many smaller stores have signs asking for exact change or e-payment PLEASE.

    Everything I've read, it's not a shortage of coins in the economy but a shortage of supply cause people are hoarding them.

    Any of you, especially in retail, seeing this as well?

  2. #2
    resident Humboldt's Avatar
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    Just found this, pretty much sums it up: https://www.cnet.com/personal-financ...-coin-shortage

    People are using plastic in-store or buying online more and more for retail, and what cash they do spend they just let the coins sit at home.

    We have a couple of animal donation jars on our counter that come in very handy, but after this long most of the employee stashes are tapped.

  3. #3
    Moderator YeOldeStonecat's Avatar
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    Haven't noticed...but it's surely interesting. Rarely use cash anymore, except for tips at the marinas 'n stuff like that.
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  4. #4
    Administrator Philip's Avatar
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    Interesting, I know there is a push to digital transactions vs. cash, but wasn't aware of the coin shortage.

  5. #5
    Senior Member fastchevy's Avatar
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    My dad used to and still does takes all of his change at the end of the day and puts them in a jug/container. I picked up on this and I do the same thing. I've been able to use my change to go on vacations, etc. Just a habit I picked up from him.
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  6. #6
    Senior Member Easto's Avatar
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    One of the big chain supermarkets here had signs up at the registers for about 1 month asking everyone to pay with either credit or exact change due to a shortage. I didn't really understand why they alone were experiencing this when no other stores had this posted. Lately I have notice that many places that I shop, when I hand them cash they looked surprised that you're not choosing to use plastic.

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