So there's a coin shortage now, blame it on the pandemic.
Part of me thinks it's a manufactured crisis, trying to move us to a cashless society, but I digress....(please pass the tinfoil)
I emailed both Chabot and Rob Portman (I won't email Sherrod Brown because I don't care for his politics, let's see if the Republicans can do anything first..)
Here's the text of the email I sent to them. If you think this idea has merit, I would encourage you to use social media to contact your people and tell them to contact their representatives.
The solution to the national coin shortage is an easy one, but it requires common sense and leadership.
Americans are sitting on massive amounts of coins, and would be happy to contribute to a solution if asked, but you gotta make it easy for them.
Congressmen should call on the banks to put Coinstar-type coin sorting machines in their facilities and make their use at no charge/no cost to the customers who bring their coins in. Normally banks charge a commission fee of anywhere from 7% to as high as 20% as a "convenience fee" to use the machine. If you want coins back in circulation, then let's have the banks that we bailed out back in 2008 contribute to the solution. And if you think asking the coin-harvest companies that make their living from that commission fee to forego their profit is unfair, then come up with a plan to subsidize them, as long as it's cheaper than minting new coins.
Americans want to serve. Americans want to help. They will stand in a line a block long to help out, if you make it easy for them and they see themselves participating in a common sense approach (and an approach that actually solves a problem without benefiting banks financially).
Part of me thinks it's a manufactured crisis, trying to move us to a cashless society, but I digress....(please pass the tinfoil)
I emailed both Chabot and Rob Portman (I won't email Sherrod Brown because I don't care for his politics, let's see if the Republicans can do anything first..)
Here's the text of the email I sent to them. If you think this idea has merit, I would encourage you to use social media to contact your people and tell them to contact their representatives.
The solution to the national coin shortage is an easy one, but it requires common sense and leadership.
Americans are sitting on massive amounts of coins, and would be happy to contribute to a solution if asked, but you gotta make it easy for them.
Congressmen should call on the banks to put Coinstar-type coin sorting machines in their facilities and make their use at no charge/no cost to the customers who bring their coins in. Normally banks charge a commission fee of anywhere from 7% to as high as 20% as a "convenience fee" to use the machine. If you want coins back in circulation, then let's have the banks that we bailed out back in 2008 contribute to the solution. And if you think asking the coin-harvest companies that make their living from that commission fee to forego their profit is unfair, then come up with a plan to subsidize them, as long as it's cheaper than minting new coins.
Americans want to serve. Americans want to help. They will stand in a line a block long to help out, if you make it easy for them and they see themselves participating in a common sense approach (and an approach that actually solves a problem without benefiting banks financially).