There's a shortage nationwide due to the pandemic.I don't understand why my store can never seem to get a change order. The times I pay cash at some businesses they always have change.
Due to the pandemic, the production at the mints has gone down, so there have not been enough coins minted to meet the demand of all of the banks. Since people rarely ever pay for anything with coins, especially pennies and nickels, stores have to get almost all of their coins from banks rather than customers.I'll ask. Why is there a change shortage? Are people melting down coins for the metals?
I never use cash.
But why do they even need to mint on a large scale? Coins are good for decades. My sister has seen a lot of buffalo nickels, and if those are still in condition for general circulation then we could easily skip an entire year of minting without an issue.Due to the pandemic, the production at the mints has gone down, so there have not been enough coins minted to meet the demand of all of the banks. Since people rarely ever pay for anything with coins, especially pennies and nickels, stores have to get almost all of their coins from banks rather than customers.
Same at my store. In the South. 3 hurricanes in 3 weeks BTW, yay.SCO no cash transactions, no cash back.
Coins get lost easily. How many pennies have you seen in the parking lot or sidewalk?But why do they even need to mint on a large scale? Coins are good for decades. My sister has seen a lot of buffalo nickels, and if those are still in condition for general circulation then we could easily skip an entire year of minting without an issue.
If it were bills, yeah bills wear out fast. Coins? They'd probably survive a nuclear war.
In theory yes, but people simply don't use coins. They're usually just end up sitting in their drawers or coin jars. Most people don't find it worth the effort to take their change to the bank or a Coinstar machine.But why do they even need to mint on a large scale? Coins are good for decades. My sister has seen a lot of buffalo nickels, and if those are still in condition for general circulation then we could easily skip an entire year of minting without an issue.
If it were bills, yeah bills wear out fast. Coins? They'd probably survive a nuclear war.
Well clearly my older sister disagrees with that. She saves her change that's why she always has a decent amount of savings. So I would say it worth it to those people.In theory yes, but people simply don't use coins. They're usually just end up sitting in their drawers or coin jars. Most people don't find it worth the effort to take their change to the bank or a Coinstar machine.