Any personal opinions on the coin shortage
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  1. #1
    us
    Sales

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    Steel city
    Whites DFX, Notka Makro Simplex. Folks the price don’t mean everything, the question is are you willing to put in the time to learn the machine, experience will pay off I guarantee it.
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    Any personal opinions on the coin shortage

    Just curious I no you all have an opinion. Is the dollar really in serious decline, used to be backed by gold or some precious metal. Since Nixon years I believe citizens where required to give there gold Back, yeah right or get disciplined. Older folks than myself please tell us the real story once and for all I could be wrong educate us all,history is very important they donít teach how the monetary system works. School teaches us how to get a job but not how to make money thatís what a teacher once told me off the record I appreciate honesty for those that arenít scared to be honest. Thankyou monetary system what happen.

  2. #2
    us
    Mar 2018
    Todds Point, IL
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    Gold was taken away by FDR in '33. You could keep $100 in gold, no more. In '61 the gov't said you can't own gold in foreign countries. Silver taken away by LBJ in '64. Private gold ownership restored by Ford in '74. Our money is backed by good intentions and unicorn farts. Gary

  3. #3
    us
    Sep 2013
    Scituate, RI
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    You could always put your money in Bitcoin! Talk about fantasy currency! What a scam!

  4. #4
    us
    CASPER

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    can you even imagine the amount of coinage held by TH'ers
    i have all kinds of chests and jars and containers full - can you imagine if we put all of our clad in a pile
    could easily fill a dump truck i bet
    Motto = "I try to hit where others cant or others wont "

  5. #5
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    Bryan

    Jul 2012
    Mid-Missouri
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    I think the current shortage is just logistics - the coronavirus shuttered the Mint for a while and kept shipments to and from the Federal Reserve banks. To your other point, though, we really had a better monetary system when our currency was tied to silver and gold. For example, in 1940 a gallon of gas cost about two silver dimes. Today, a gallon of gas still costs about two silver dimes. Now our government can just print money out of thin air, sunshine, and happiness.

    By the way, I am going to turn in two years' worth of detected and tumbled clad tomorrow. I'm sure that will help alleviate the national change shortage!
    Bryan in Mid-Missouri
    "MidMoTreasure" on Youtube

  6. #6
    us
    Sep 2008
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    Some would believe, POTUS is making good on NESARA from 1990...
    -Airborne1092

    bellum est praesto

  7. #7
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    eye man

    Jan 2020
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    Yesterday's standards, 1920, you could buy a wagon load of groceries for a $20 gold coin. Today's standards you can still buy a wagon load of groceries with the same $20 gold coin, but NOT with a US $20 bill. Go figure.

  8. #8
    us
    Sir

    Sep 2015
    Connecticut
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    Went to my bank today in Connecticut for four rolls of quarters for laundry and was told only one roll for me and one for my friend.
    lastleg and Rebel - KGC like this.

  9. #9
    us
    Dec 2019
    Texas Gulf Coast
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    Went to Taco Bell the other day, the gal couldn't give me exact change. Walmart only had cash at three lanes.

    Seems like a coin shortage would increase the value of coins? Scarcity = value? Probably not in this case, lol.

    Between the mint shutdown from the rona and people spending less cash, coins are evaporating. Luckily we find plenty in the field!
    Survivalist, Prepper, Nomad, Aspiring Treasure Hunter

    www.maximumoffgrid.com

  10. #10
    us
    Oct 2007
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    Yeah we're getting that here. Our downtown convenience store put up a sign sayin if payin cash and not exact change you must round up, with the extra goin to some charity. (Not round down) All us locals raised hell. Do that to the tourists, but we supported you guys when they shut down the county. They told us they wasn't getting nothin in change from the banks, so we all got together and started bringing them change. Apparently a lot of us here just have that lying around. Sign is gone now.
    Just like Texas in 1880.

  11. #11
    Charter Member
    us
    ARC

    Aug 2014
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    I would give you my 2 cents worth on this subject.

    But...........
    DETECT WITH RESPECT - Have permission... Fill holes... Dispose of trash. - The Random Chat Thread - http://www.treasurenet.com/forums/ev...en-24-7-a.html

  12. #12
    us
    Stuck Behind the Iron Curtain in Occupied Soviet California..:(

    Nov 2006
    In the Heart of Wine Country in Northern California
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    I believe the coin shortage is a set up. It's the first stage of a big plan to a abolish cash and get everybody forced to use digital currency. It's all about control. The clad coins in circulation
    today are not a legal tender, they should be in gold and silver. Since 1965 the coins being minted in the USA are in violation of the U.S. Constitution.

    Article 1,Section 10 U.S. Constitution says: "Make any Thing but gold and silver Coin a Tender in Payment of Debts."
    Hunting San Francisco Bay Area since 1985

  13. #13
    us
    Sep 2013
    Scituate, RI
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    Coins are too much of a pain for the government to deal with. Physically moving them around all the time is very expensive. That's why they'd love to get everyone to use only plastic.

    That's the main reason why casinos don't use coins any more. Got too be to much of a hassle and expense. You win and the machine spits out a slip of paper. Yippee! Probably why I rarely play video poker now. They took away the thrill of the coins clanking into the till. Not much fun now...

  14. #14
    Charter Member
    us
    ARC

    Aug 2014
    Bahia Del Espiritu Santo - "Bay of the Holy Spirit”
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    Quote Originally Posted by Cool Hand Fluke View Post
    I believe the coin shortage is a set up. It's the first stage of a big plan to a abolish cash and get everybody forced to use digital currency. It's all about control. The clad coins in circulation
    today are not a legal tender, they should be in gold and silver. Since 1965 the coins being minted in the USA are in violation of the U.S. Constitution.

    Article 1,Section 10 U.S. Constitution says: "Make any Thing but gold and silver Coin a Tender in Payment of Debts."
    One slight problem.

    Cashless system is even worse than cash when you think about it... disease spreading way to pay.

    All this "touchscreen" is coming round to bite itself in the arse... thanks to covid people are looking at touch pay stations a little differently now.

    The average dollar may be spent several times over in a day.... a touchscreen / pen etc can be touched hundreds of times an hour.
    DETECT WITH RESPECT - Have permission... Fill holes... Dispose of trash. - The Random Chat Thread - http://www.treasurenet.com/forums/ev...en-24-7-a.html

  15. #15
    us
    Sir

    Sep 2015
    Connecticut
    Minelab
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    Quote Originally Posted by AARC View Post
    I would give you my 2 cents worth on this subject.

    But...........
    In the past, the mint minted Two cents coins in good condition are worth more then your 2 cent.
    AARC likes this.

 

 
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