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 Replies: 92 / Views: 13,796 |
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Pillar of the Community
5464 Posts |
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They said that they keep needing to drop change off at the bank because they get so much of it from customers. Peoples coin collections might be finding their way into circulation these days. |
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Moderator
 United States
188770 Posts |
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Peoples coin collections might be finding their way into circulation these days.  |
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Pillar of the Community
5464 Posts |
for the collector.........  for me! |
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Bedrock of the Community
United States
19176 Posts |
I've been picking up some rolls the last couple weeks, not many. Have seen a minor uptick in older coins from customer wrapped rolls--not gem quality, but more wheats and earlier nickels (40s and 50s).
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Moderator
United States
188770 Posts |
Quote: for the collector......... for me!  |
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New Member
United States
2 Posts |
I have noticed that mix of coins received in circulation the last few weeks has been different. Nothing new and more coins from the 70's and 80's. I assume this is coming from coin jars and not the bank.
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Pillar of the Community
United States
4333 Posts |
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I have noticed that mix of coins received in circulation the last few weeks has been different. Nothing new and more coins from the 70's and 80's. I assume this is coming from coin jars and not the bank. It could be. Most retail shops here source their coin from banks. Bank and CU lobbies here have been closed and so have coin counters. "Simply put, there is an adequate amount of coins in the economy, but the slowed pace of circulation has meant that sufficient quantities of coins are sometimes not readily available where needed, you may be experiencing this in your local communities." - US Mint officials @ Worth congrats on your first post When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
188770 Posts |
Quote:
I have noticed that mix of coins received in circulation the last few weeks has been different. Nothing new and more coins from the 70's and 80's. I assume this is coming from coin jars and not the bank. I would assume the same, or at least that the banks are getting them from coin jar deposits and not the Fed.  to the Community, worth! |
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Valued Member
United States
182 Posts |
I started a thread today kind of about this topic, but with a different twist to it. My thread was locked in reference to this thread, so I thought I'd continue here. I'm noticing articles about a coming increase in demand for nickel, and I'm curious if the fed are hoarding coins with a possible increase in demand for nickel with the coming electric vehicle boom. Even if they've increased their coin production, it doesn't seem to be making it to the public due to "supply disruptions". There seems to be a strong motivation to become a cashless society, and I personally believe it has to do with a coming boom in metal prices. Both of these are pretty interesting. Not saying that nickel will reach the heights of gold/silver, but I still believe it's possible that in 10 or 20 years we could see nickel prices bring random coins to a higher melt value than face value. https://www.forbes.com/sites/timtre...3fc1b25128abhttps://insideevs.com/news/440582/e...is-new-gold/ |
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Pillar of the Community
United States
927 Posts |
MY wife works for a convenience store. She goes to the bank a couple times a week and she always asks for rolled coin. They still go through a lot of it at the store, especially pennies and quarters. Recently the bank has not had rolled coin to give out occasionally. So she has to ask every time she goes.
I also remember 2009 when people were dumping out their coin jars at home. She would bring home silver dimes and quarters a couple times a week. This could happen again now that banks are opening up again. There are a lot of people still not working.
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Pillar of the Community
United States
4333 Posts |
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I also remember 2009 when people were dumping out their coin jars at home. She would bring home silver dimes and quarters a couple times a week. This could happen again now that banks are opening up again. There are a lot of people still not working. Quite possible. My wife was teller/vault manager at local CU between 1998-2013 and she found silver occasionally. I found over 1,000 silver coins between 2009-2014 and I wasn't even considered a roll hunting fanatic! I don't think we will go entirely cashless for political reasons, and this is where I must stop myself regarding that. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4333 Posts |
Quote:
I'm noticing articles about a coming increase in demand for nickel, and I'm curious if the fed are hoarding coins with a possible increase in demand for nickel with the coming electric vehicle boom. Even if they've increased their coin production, it doesn't seem to be making it to the public due to "supply disruptions". That is interesting, you may be on to something here even tho the Fed Reserve is not a department of our govt, are they in business to hoard metals? The Fed does not manufacture coins. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4846 Posts |
I dont think the FED is in the business of speculating on precious metals by hoarding US coins, especially if that action causes significant disruptions to the supply chain of US coinage. Even if it was, I'm willing to bet that it would be cheaper and easier to do that by hoarding bar stock rather than minted coins, both in acquisition and in dispersement. Without the downsides of creating a supply shock to the minted coins Edited by Adam_E
08/28/2020 4:25 pm
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Valued Member
United States
372 Posts |
Someone need to Inventory the Vendor's in Charlotte,N.C. for Stored inventory for Coins Why is Walmart getting New uncirculated 2017 Ozark of the Wildness Quarters for the Cash register's since last week and still have them today Tuesday August 25 ,2020 I thought the Vendors are suppose to be circulating them 1st in 1 st Out . Is that why we can Find the West Point Quarter's in this area Thanks |
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Pillar of the Community
United States
4692 Posts |
Time for encased postage stamps
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Replies: 92 / Views: 13,796 |
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Posted 08/18/2020 08:48 am
