Tuesday, October 27, 2020

Buddy, Can You Spare A Dime?

While out shopping (which is already a big deal), more than once I've seen a sign that there's a "national coin shortage." So, if possible, they'd like you to give exact change (or not care about getting change back?).

How did this happen? Aren't there the same number of coins in circulation that we had a year ago, when there was no shortage?  Or do we need a constant re-supply, denied by coronavirus issues? (If this is true, why isn't there a currency shortage?)

Or are people hoarding coins?  Why would they?  It's not like loose change is more valuable right now. (In fact, it's less valuable than ever.) Toilet paper you hoard, but dimes?  You don't even need quarters these days to run washing machines at the laundromat, there's an app for that.

Anyway, since I heard about the coin shortage I've been hoarding coins.  You never know when you'll need them.

2 Comments:

Anonymous Anonymous said...

When people stopped paying cash and moved to online/credit card/debit card, the coins stopped where they were instead of circulating. Stores handed them out but people didn't pay with them. Make sense?

11:11 AM, October 31, 2020  
Blogger LAGuy said...

Is that it? When you pay with credit cards, you get no change. I would think the people who pay with cash should also be the people who pay with change.

12:54 PM, October 31, 2020  

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