Our local news recently included the following story on Kroger
running out of coins.
https://www.newschannel5.com/news/kroger-to-no-longer-return-coin-change-to-customers
First toilet paper and now coins. I swear…2020 is just fucking with us now. I don’t know what comes next in this soviet staple shortage, but I would start hoarding coffee if I were you.I don’t understand how we can have a shortage of coins…where do they go?? [If you are prepping for the apocalypse by saving nickels…I think you’re doing it wrong.]
What makes this scarcity of scratch so alarming is that printing money is literally our country’s entire Covid strategy. I mean….have you seen any OTHER action come out of Washington since this started? Now after hundreds of years of coinage, we’ve suddenly lost the ability to get even that right. Did someone let Jared Kushner near the US Mint? And what does that tell you about our ability to get vaccines to 300 million people?? [Depending on the timing of its introduction, I am betting the vaccine distribution issues disproportionately affect “that woman” in Michigan].
Don’t get me wrong – I have long been a fan of getting rid of pennies. I throw them away just to show my annoyance (to whom – I don’t know, but I am a defiant discarder nonetheless). Rita is not a fan of my penny disposals. And she catches me frequently since she is forever monitoring the household trash deposits lest something should be composted or recycled or reused or something. She thinks I should save them and donate them to a good cause. I think any “good cause” would prefer twenties. Remember when Unicef used to distribute those little cardboard coin banks as a fundraiser? Yeah – now they have paypal. Rather than saving pennies for our charitable cause, let’s just save the castoff bills I send through the laundry and redirect those to the offering plate. That is going to be a MUCH better deal for St. A’s.
In response to the coin shortage, the Federal Reserve recently issued the following encouragement to banks:
“The Federal Reserve System and the United States Mint are taking corrective steps to meet this demand and have made plans to distribute coins where they are most needed until inventories can be returned to acceptable levels. We ask that you, as the public's depository institutions, assist in reducing the strain of low coin inventories by making it easy for your customers to deposit coins.”
“Reduce the strain of low coin inventories.” That is NOT what qualifies as a strain in the
age of Covid. Nonetheless…banks should “make
it easy for your customers to deposit coins.”
Looks like we have a patriotic duty to return our coins to the banking
system. Fine. I will return my pennies.
Just call me Rosie the Depositer.