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Propaganda
They can’t mint anything because it’s too expensive
If it’s propaganda it is very believable propaganda. I know that when I occasionally use cash for a transaction, I throw the coins in jar on the dresser. I only keep maybe $10 in that jar before it goes to the bank, but imagine if 100,000,000 people did this?
There would be $1 Billion in coins out of circulation!
I suspect it takes a little while to mint 4 billion quarters. I also suspect that there are many people that do like I used to do when I was much younger, and I would collect the coins until I had $400 or $500 worth before I cashed them in. It was like getting an extra paycheck once in while.
There’s an easy remedy to this: discounts if you pay in ca$h. Of course, that’s too simple for the suits who think they know everything about how to make a buck but not how to solve simple problems. I think it would be hilarious to take a coffee can full of coins and pull it out when paying and there’s a long line.
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And on “Related Stories” (above): “Target seeks to lure workers in some areas with pay of up to $24 an hour”
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Instead of “up to”, which is is a maximum, they should specify the minimum – if the minimum is high enough, they’d have no problems getting people. “Up to” implies $7 is a possibility.
I probably have $1,000.00 in change the problem is that everyone wants they have no way to receive it. I would take it to the bank but no banks want it unless it is rolled, sorry not going to happen. And I refuse to pay 7% fee!
Check where you bank, Steve. There are at least two Hendricks County-based banks (Hendricks County Bank & Trust and State Bank) that have bulk coin counting machines that will tally bags of mixed coins with no fee IF you are a customer.
So they say more people are using plastic? Then why the shortage? I did roll my coins about year ago though and did not take that much time. $400 worth.