I heard there was a coin shortage because everyone just puts their change in a jar and doesn't use the exact change at the store. The banks no longer have the coin sorters where you could turn them in and get your money. So I took my bowl of change down to the store to turn it in to one of those coin sorting machines. I choose the "get cash option" They charge you a percentage of the haul which is understood or they wouldn't make any money on their machines. So I got my receipt and it said "Redeem from any cashier". Well they only had one check stand open at Walmart so I waited for 2 people ahead of me to finish and presented my receipt and was told, "We don't do that here, you have to go to customer service" I said well it says any cashier. Are you not a cashier? So then I had to wait through several people at the customer service desk to get my money. I'm leaving it in the dish for now on! Walmart sucks!
I get change back when I get home I put it in a five gallon water bottle first I go through it as many coins are worth lots of money at the end of the year sometimes a wait 2 years I've also waited until Christmas and cashed in I've had 3000 to 5000 dollars before it's amazing how fast it grows I've always wanted to not cash in untill I had 2 5 gallon bottles filled just to see how much would be in there
Sure, and it can pay for your back surgery when you throw it out lugging those heavy bottles to the bank. Most of the banks don't have the coin counting machines anymore so someone would have to count them by hand. Guess who would be the one who would have to do it when they tell you they don't accept large quantities of unwrapped coins? Then you won't be going oh shee, but oh shit!
banks and governments are trying to phaze out cash so its no accident that they claim there aren't enough coins but whats funny is covid is forcing them to print more money lol
@888theGreat any coins that were made before 1965 are typically worth twice their face value. because they are almost pure copper, nickle, silver and gold. unlike modern coins that are mostly zing and aluminum inside. with a coating of the more rare metal over top. which is partly why most modern coins are worth less then their own face value when melted down. following video explains it all. https://www.youtube.com/watch?v=k0Tlx33jWAs
A local Credit Union in my area still has a coin sorter and you can direct deposit into your checking or savings from the machine. I guess I am lucky for having that option.
Sounds about right, I still have a bunch of different currencies of coin/notes laying around, probably totalling around a 1000, but it would be a pain to convert and spend it.
Some coins, like pennies, cost 5 cents to make. Doesn't make much "cents". If you really need change go out to the parking lot and look for pennies. Everyone just tosses them on the ground.
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