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

AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 221
  • Posts: 11995
August 28th, 2020 at 2:06:53 AM permalink
Quote: Gabes22

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



I heard this on cars. People forget sales were down 50% but production was down 100%. The "days supply" always interested me. You have to study it a bit to get that when you get to too few days that means there is not the variety to choose from, so a customer may walk because they do not have what they want even though there are "38 days" supply.

Some of it may be parts. I am waiting two months plus for a hot tub because the plant cannot get all the parts they need to produce to demand. It is a weird time. Supposedly a recession yet demand in these items cannot be met and if you have the right job recruiters keep calling.
All animals are equal, but some are more equal than others
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 304
  • Posts: 8371
August 28th, 2020 at 5:16:25 AM permalink
evidently an impact of shutting down, but how exactly does it happen? In other words, there are probably plenty of coins but they have somehow wound up in a place where they are accumulating and not re-distributing. Doesn't seem to be the banks. So how does that work?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
  • Threads: 178
  • Posts: 10266
August 28th, 2020 at 5:38:11 AM permalink
My local bank used to have a coin sorter/counter right in the lobby. A few years ago, I went there with a gallon jug full of change. The prior time I brought them a gallon of change, it came to almost $200. This time turned out to be just a couple weeks after they removed the machine. 😡

So I made an effort to change my habits. I made sure to always have a cup of change in my car, then used it at drive-thrus, and grabbed some before going into any store or restaurant.

It worked.

I finally got rid of that change - just a few months ago. 😁

Of course, that bank, and other locations, are now providing premiums on change that is brought in. 🤬
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1344
  • Posts: 22244
August 28th, 2020 at 6:34:59 AM permalink
Quote: AxelWolf

Don't get rid of your change for even money exchange. There's a premium on change.



Where can I get a premium?
It's not whether you win or lose; it's whether or not you had a good bet.
DeMango
DeMango
Joined: Feb 2, 2010
  • Threads: 27
  • Posts: 2559
August 28th, 2020 at 6:39:59 AM permalink
Always amazes me men don't buy a wallet with a holder for change. Look at all the work it saves.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
darkoz
darkoz
Joined: Dec 22, 2009
  • Threads: 238
  • Posts: 7283
August 28th, 2020 at 6:40:34 AM permalink
Quote: billryan

A number of US Mint items will be made in very low numbers this year. There may be an opportunity in them.



There's more opportunity in Cytodyn than collecting loose change
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 175
  • Posts: 9752
August 28th, 2020 at 8:50:35 AM permalink
Quote: darkoz

There's more opportunity in Cytodyn than collecting loose change



Yes, because people buy their loose change from the mint. One example may be this year's Silver Eagles. Normally produced at West Point, production was shifted to Philadelphia for several weeks and those coins may be among the lowest produced in numbers in many years. When maintenance issues caused a similar situation in the mid 90s, those coins are now among the most sought after and expensive coins in the last generation. Some sets are made to order, and the numbers ordered are well off the mints normal numbers.
Many sets are closed out, meaning the numbers to be made are already locked in.
In recent years, few US Mint products have increased in value over their initial costs so many collectors have learned to buy at discount on the secondary markets, but this year may be an exception.
As with any investment, do your homework and don't just read the Mints press releases.
Last edited by: unnamed administrator on Aug 28, 2020
mcallister3200
mcallister3200
Joined: Dec 29, 2013
  • Threads: 16
  • Posts: 2402
Thanks for this post from:
RogerKintonenickelmiraclegordonm888
August 28th, 2020 at 8:57:13 AM permalink
Quote: darkoz

There's more opportunity in Cytodyn than collecting loose change



There is no need to hijack and turn any thread you can into this.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
  • Threads: 16
  • Posts: 2402
Thanks for this post from:
rdw4potus
August 28th, 2020 at 9:01:34 AM permalink
Quote: Wizard

Where can I get a premium?



Several casinos are offering xx% free play premium over base amount for coins.
Marcusclark66
Marcusclark66
Joined: Mar 26, 2020
  • Threads: 2
  • Posts: 98
August 28th, 2020 at 9:16:07 AM permalink
My kids all have coin banks and every once in a while they bring them to the supermarket and put them in that big green machine, I believe says Coinstar and they get the ticket out bring it to the customer service counter and they deduct the service charge and dispense the bills.

There was a big sign on it for a couple weeks saying no service charge because of coin shortage so the kids returned with their coin banks and although the ticket had a service charge, the customer service counter added it back in and gave the kids everything that they put into it.

  • Jump to: