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UnevenEdge

In the midst of a coin shortage


little_girl_lost

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16 hours ago, Seight said:

Go and be the hero that...whatever version of Kroger you have needs.

Nah, I like to save my coins up.

in fact, before all this I was gonna wait until my nickels & dimes container was full (I know it is now), roll them, and exchange them at work a little at a time for loose quarters that I can add to my quarter jar, and get a bigger quarter jar while I'm at it.

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I wouldn't just dump those into a change converter machine.  Go through them after familiarizing yourself with what coins are valuable due to mis-strikes or double-dies, or any other reason.  Maybe there's a 1909 S VDB in those pennies.

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1 minute ago, tsar4 said:

I wouldn't just dump those into a change converter machine.  Go through them after familiarizing yourself with what coins are valuable due to mis-strikes or double-dies, or any other reason.  Maybe there's a 1909 S VDB in those pennies.

i always separate potentially valuable coins from the rest. I literally carry two coin purses, one for any coins of value and one for the rest.

a have a shelf containing yankee candle jars, one for all wheat pennies, one for any silver, and a couple more for various older coins like indian head pennies, liberty nickels, i even had a few double eagle pennies long ago, but my ex's kids raided my coins for cig money and my ex made me sell the rest.

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3 minutes ago, little_girl_lost said:

i always separate potentially valuable coins from the rest. I literally carry two coin purses, one for any coins of value and one for the rest.

a have a shelf containing yankee candle jars, one for all wheat pennies, one for any silver, and a couple more for various older coins like indian head pennies, liberty nickels, i even had a few double eagle pennies long ago, but my ex's kids raided my coins for cig money and my ex made me sell the rest.

If any were halfway decent, you should probably keep them from being scratched any further by being tossed in with other coins.  

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7 hours ago, Distinct Lunatic said:

Is there really a coin shortage going on?

One thing I've heard is with how much the currency has inflated it costs more for the govt to make coins than they're worth. To some degree at least.

I know pennies are more expensive, despite loading them with zinc.  Part of the shortage is due to coins sitting in vending machines, which few are using - especially in businesses that are closed.

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2 hours ago, tsar4 said:

I know pennies are more expensive, despite loading them with zinc.  Part of the shortage is due to coins sitting in vending machines, which few are using - especially in businesses that are closed.

Had a few resident bankers tell me different, but I'm sure abandoned pop machines are the real culprits.....

God, it is almost painful to call it pop

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2 hours ago, tsar4 said:

I know pennies are more expensive, despite loading them with zinc.  Part of the shortage is due to coins sitting in vending machines, which few are using - especially in businesses that are closed.

I looked it up online earlier, apparently it costs around $1.50 for every dollar worth of pennies. Don't remember the cost of nickels but they were also above a dollar in cost for a dollar worth.

Quarters and dimes are the only ones that are more efficient, the cost for quarters is around 30 cents or so per dollar worth, while dimes are around 40 cents or so.

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