Poll

4 votes (12.5%)
5 votes (15.62%)
11 votes (34.37%)
15 votes (46.87%)
5 votes (15.62%)
2 votes (6.25%)
8 votes (25%)
9 votes (28.12%)
2 votes (6.25%)
4 votes (12.5%)

32 members have voted

DJTeddyBear
DJTeddyBear
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August 27th, 2020 at 5:14:40 AM permalink
In many jurisdictions, abandoned TITOs get split between the casino and the state. As such, this 'found money' is not as significant as it may seem. Oh, sure, it still adds up, but...

It may be why the kiosks in some casinos are offering the option of donating those cents to a choice of charities. Maybe the casino gets a tax write-off even though they are not making the decision to donate. Or maybe it's just a way for them to screw the state while making the player feel a little better. Years ago I commented that someday, casinos will put a TITO drop slot near the wishing well. This is kinda the same thing.

For the record, it does cost a lot to keep money sitting around in machines. Not the inventory aspect, but the labor involved in filling them. Plus, without the coin dispensers, you can put additional bill dispensers in the kiosk, further reducing labor costs.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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August 27th, 2020 at 6:24:50 AM permalink
My local casino (UK) has a flexi bin next to the cash desk; people even put notes in there. One of the worst things I find is if the cashier is on their break, but then I can always come back another day (in the old days, I often wouldn't even bother cashing in chips).

One of the problems I'm getting with the cashless way of life is the lack of coins for parking meters etc. Usually I keep back £1 coins and save end-of-day £5 notes for the holiday fund. Holiday fund hasn't seen a dickie bird the last few months!
AZDuffman
AZDuffman
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August 27th, 2020 at 9:32:34 AM permalink
Quote: Wizard



The question for the poll is what do you think of the coin shortage?



I think it is just another made-up "crisis." Given how many businesses are closed there should be far fewer coins ordered.

One penny in 1914, when current money standards started, is equal to $0.26 now. It is probably time we rounded to the nearest quarter when making change.
All animals are equal, but some are more equal than others
ChumpChange
ChumpChange
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August 27th, 2020 at 11:08:57 AM permalink
Play your TITO down to the nearest dollar. I keep the 1 cent or 2 cent TITOs as a souvenir just so I can read the expiration date later.

As for the coin shortage, there's also the issue of infected money so the cash & coin phobia is getting very real for employees who handle money. I'm not one to use plastic on a total basis but this is causing some problems for me. I'm used to cash, and the stores can't give me change, except during some ring-up error.

I've stocked up on a year's worth of quarters for laundry, but will that be enough? These laundry machines won't retrofit themselves with wi-fi. Need a candy bar on a toll road? The vending machines may not have change and do they take credit cards? Every card transaction costs 28 cents or some such. Stores may want to put a $25 minimum on credit card purchases. I'm thinking of getting 2-4 rolls of pennies, nickels, dimes (maybe half dollars and silver dollars too) for those times when I actually need exact change instead of a card, like during a blackout. This coin shortage could extend to a cash shortage in a matter of months, but no one knows right now.

TV is showing a map of power outages through Friday. I'm surprised my area was shown as extensive power outages.

PS: I bought 4 rolls of pennies, nickels and dimes for $30. Picked up 20 loose silver dollars, they're gold colored now. Bank was pretty much out of half dollars and blamed collectors.
Last edited by: ChumpChange on Aug 27, 2020
UP84
UP84
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AxelWolf
August 27th, 2020 at 6:31:55 PM permalink
Quote: AZDuffman

I think it is just another made-up "crisis."

Agreed, and the only ones making up the "crisis", are those who want to deny it exists.
Gabes22
Gabes22
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August 27th, 2020 at 6:41:49 PM permalink
There are shortages all across the spectrum all you have to do is look around. Certain shortages, like cleaning products, were due to a spike in demand. Others are due to a lack of production. I work at a car dealership and we are low on cars, like big time, mainly due to a lack of production. We may run out of our most popular seller in September sometime. We typically have a 90 to 120 day supply of vehicles, today we have a 38 day supply. Many auto plants in the US shut down temporarily or some stopped making cars and instead made ventilators due to COVID. Coins, are due to a lack of production as the mint shut down for like 3 months
A flute with no holes is not a flute, a donut with no holes is a danish
billryan
billryan
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onenickelmiracle
August 27th, 2020 at 7:21:27 PM permalink
A number of US Mint items will be made in very low numbers this year. There may be an opportunity in them.
TDVegas
TDVegas
Joined: Oct 30, 2018
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August 27th, 2020 at 10:35:48 PM permalink
I知 getting rid of my loose change day by day....the cashiers have been super thankful.
AxelWolf
AxelWolf
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rdw4potus
August 27th, 2020 at 11:08:03 PM permalink
Don't get rid of your change for even money exchange. There's a premium on change.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
rxwine
rxwine
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August 27th, 2020 at 11:58:35 PM permalink
Quote: AZDuffman

I think it is just another made-up "crisis."



Of course it's made up. You just called a shortage a crisis instead of a shortage.
Quasimodo? Does that name ring a bell?

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