ChumpChange
ChumpChange 
Joined: Jun 15, 2018
  • Threads: 56
  • Posts: 2478
November 24th, 2021 at 9:12:52 PM permalink
Before the pandemic, El Cortez had $120,000 in nickels, quarters, 50-cent pieces and dollar coins. After the casino shut down in March, it deposited all but $30,000 worth of coins at the bank, according to the Las Vegas Sun.

Getting those coins back has been difficult.

"Our first coin order that we did after reopening, in July, we ordered $30,000 in quarters," El Cortez manager Adam Wiesberg told the newspaper. "When the Brinks people came, they brought us just $500 in quarters. That's when we realized firsthand that there was a coin issue. We're fortunate we kept that $30,000."

Sept. 9, 2020
https://www.nbcnews.com/business/business-news/casinos-are-getting-creative-combat-coin-shortage-n1239643

El Cortez is one of the last Las Vegas casinos to have coin slot machines
July 15, 2019
https://abc7.com/las-vegas-casino-destination-gambling-in-best-casinos/5397543/
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1398
  • Posts: 23605
November 24th, 2021 at 9:20:15 PM permalink
Quote: ChumpChange

Before the pandemic, El Cortez had $120,000 in nickels, quarters, 50-cent pieces and dollar coins. After the casino shut down in March, it deposited all but $30,000 worth of coins at the bank, according to the Las Vegas Sun.

Getting those coins back has been difficult.
link to original post



I believe in the free market. If their coin shortage was so desperate, they would buy coins from the public above face value. Have they done that? I rest my case.
It's not whether you win or lose; it's whether or not you had a good bet.
LoquaciousMoFW
LoquaciousMoFW
Joined: Aug 24, 2014
  • Threads: 0
  • Posts: 153
November 24th, 2021 at 9:25:55 PM permalink
Quote: Wizard

Quote: ChumpChange

Before the pandemic, El Cortez had $120,000 in nickels, quarters, 50-cent pieces and dollar coins. After the casino shut down in March, it deposited all but $30,000 worth of coins at the bank, according to the Las Vegas Sun.

Getting those coins back has been difficult.
link to original post



I believe in the free market. If their coin shortage was so desperate, they would buy coins from the public above face value. Have they done that? I rest my case.
link to original post

If ElCo did that, they'd need to replace the carpet between the coin droppers and the cage within a week.
ChumpChange
ChumpChange 
Joined: Jun 15, 2018
  • Threads: 56
  • Posts: 2478
November 24th, 2021 at 9:26:30 PM permalink
I don't know about El Cortez, but we've been trending cashless for a year and a half now.

Before the pandemic, the food court at a large mall was doing away with most cash registers and requiring payment in plastic or by phone. The local BJ's has a dozen self serve lines that require plastic, and only one lane open with a checkout clerk who may or may not take cash.

If banks are only gonna fill 1% of a businesses' coin needs in a given week, cash won't work. If banks aren't gonna do business because the Fed won't send the coin in the first place, the banks become redundantly useless and close.
Deucekies
Deucekies
Joined: Jan 20, 2014
  • Threads: 50
  • Posts: 1291
November 25th, 2021 at 12:57:23 AM permalink
Quote: MrV

Quote: billryan

Just as our President released some oil from the national reserve, it is time for all good Americans to sacrifice a bit and turn in their spare change. Stop hoarding it.



No, you can't make me!

I've "hoarded" all my spare change for more than thirty years and it pretty much fills up a good-sized storage container.

When the zombie apocalypse finally arrives at least I'll have all the change I need to buy my freedom: zombies like spare change, I see them begging for it all the time on freeway offramps.
link to original post



I had a coworker who kept the 50¢ coins out of her tips each night and had just about filled a Culligan bottle with them. Someone broke into her house and took it.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 202
  • Posts: 12042
November 25th, 2021 at 2:33:55 AM permalink
Kharma is a witch.
The difference between fiction and reality is that fiction is supposed to make sense.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 112
  • Posts: 8294
November 25th, 2021 at 6:18:42 AM permalink
Quote: JohnnyQ

Citizen Soopoo:

America thanks you !

- JohnnyQ ( aka Jerome Powell )
link to original post



Well…. at Wegmans to buy the stupid cranberry mold, stopped with my heavy bag of coins, and…. No option other than pay 11.9%! I hadn’t used the machine in years so it is a different one now! No way I pay that fee! I will go to the bank on Friday!
JohnnyQ
JohnnyQ
Joined: Nov 3, 2009
  • Threads: 234
  • Posts: 3597
November 25th, 2021 at 6:36:35 AM permalink
Quote: SOOPOO

No option other than pay 11.9%! I hadn’t used the machine in years so it is a different one now! No way I pay that fee!

Was it a COINSTAR brand machine ? Our local one had the LOWES Voucher No Fee option.
Like the castle in its corner In a medieval game; I foresee terrible trouble And I stay here just the same
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 112
  • Posts: 8294
November 25th, 2021 at 7:45:18 AM permalink
Quote: JohnnyQ

Quote: SOOPOO

No option other than pay 11.9%! I hadn’t used the machine in years so it is a different one now! No way I pay that fee!

Was it a COINSTAR brand machine ? Our local one had the LOWES Voucher No Fee option.
link to original post


I am not sure. But as I said, last time I did it at Wegmans the machine had a bunch of options that did not charge a fee.
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 79
  • Posts: 8112
November 25th, 2021 at 8:05:07 AM permalink
Quote: SOOPOO

Quote: JohnnyQ

Citizen Soopoo:

America thanks you !

- JohnnyQ ( aka Jerome Powell )
link to original post



Well…. at Wegmans to buy the stupid cranberry mold, stopped with my heavy bag of coins, and…. No option other than pay 11.9%! I hadn’t used the machine in years so it is a different one now! No way I pay that fee! I will go to the bank on Friday!
link to original post



Before moving I went to Wells Fargo to redeem all of my coins. They no longer accepts coins unless they are rolled. They used to take your coins and send them off to their central location to be counted and deposited in your account a few days later.
Order from chaos

  • Jump to: