I ran across this article, and thought I'd share it with my Numista friends. It tries to explain the paradoxical coin shortage in the USA caused by the pandemic, but it's more interesting for the behind-the-scenes anecdotes from the cash handler industry:
Personally, I haven't spent any cash myself since March, and I've only seen a single 2020-dated coin at all (a solitary cent on the sidewalk). I deposited $180 of rolled coin at the bank a few months ago, for which they were very grateful.
The paradox only occurs in your mind if you do not understand that bankers benefit from a cashless society.
Yesterday I went to a local chain store to purchase a tool.
Not in stock, but it could be ordered.
However I could not pay by cash or check.
Read more Orwell.
A smart man learns from his mistakes. A smarter man learns from someone else's.
I honestly haven't experienced a coin shortage I have found probably at least 50 2020 cents and everytime i've been to the store I have gotten change without a problem. Any ways the mintages for US coins the last decades have been in the billions for each year.
I went to the bank yesterday to get 10 rolls of quarters for holidays poker... no problem securing 400 quarters... all of them were year 2020 w/mint mark P, Kansas, fresh from Philadelphia Mint.
I also went through a large pitcher of quarters from a small coin op laundry at apartment complex. Came up with a good percentage of 2019 and 2020 D and P's
Quote: "Dejan"Thinking of it - maybe US cities should start issuing their own notgeld?
A good thought, with much merit.
But we really don't have to go that far.
The solution is simply to issue our own money instead of renting it.
Unfortunately, the last two Presidents to issue legal money (as defined by our Constitution) were assassinated.
To protect myself, I will not suggest who was behind it, but the information is out there if you are interested.
A smart man learns from his mistakes. A smarter man learns from someone else's.
