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kieblera5
Penny Hoarding Member
USA
859 Posts |
 Posted - 06/10/2008 : 21:33:56
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I went to four different banks today, and NO ONE had any pennies. One gave me an excuse that there is a "penny shortage". Is there such a thing?
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misteroman
Administrator
USA
2565 Posts |
Posted - 06/10/2008 : 22:31:01
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| no shortage just in 'Collector's' hands |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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longhorn
Penny Sorter Member
80 Posts |
Posted - 06/10/2008 : 22:41:10
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| I went to pick up my regular order at a bank today. They didn't have a shortage of pennys, but they were all new! |
Obey Gresham's Law |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 06/10/2008 : 22:48:46
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| Hard to imagine a shortage, however as more and more people start to sort and save it is probably creating some temporary shortages as us hand sorters probably have quite a few zincs laying around waiting to be recirculated. I did have a bank last week that began limiting the amount I could buy and they won't order for me any more either. Oh well there are more banks around just have to fish more. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/11/2008 : 00:36:54
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Contrary to another post in another thread I am not causing a penny shortage in your city. I might be causing a penny and nickel shortage in my city, and a couple adjacent cities, but not yours. I am almost afraid to step up my buying from 2X a week at each bank in town, plus my regular Saturday multi-bank cleanup run in adjoining Cities. I've got pretty much all the coin overstock soaked up in town now, so am not able to pull as much from each branch as when I started. (or its all in my mind! No way I can effect the penny and nickel situation of 80,000 people).
Seriously, I did read that Jackson Metals is working with Brinks to source pennies in areas with penny surpluses, then "dumping" to use our termanology, the pennies where there are penny shortages. Think tractor trailer loads of pennies being sorted and shifted around.
So yes Penny shortages do happen - but from what I see here they are more branch to branch rather then a city wide issue (until I get my buying done that is).
And before HCBTT jumps on it - the branch that wants to limit your buying due to shortages is now your new dump bank. Hey they said they needed pennies right?
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“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
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Passive Income blog |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/11/2008 : 00:46:59
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Penny shortage? What penny shortage? I haven't noticed any penny shortage. 
As legacypac says.. if they need pennies, supply them with lots and lots of zinc pennies. Maybe they will remember you kindly when they have surpluses again. Or you could just switch to nickels. I remember in the good ol days back in the early 70's when there actually were some regional penny shortages. Grocery stores were paying 75 cents to a buck a roll for pennies.. Ah, those were the days!
Sorry to check in so late.. I had a coin club meeting tonight.. I was busy buying gold, silver and wheat pennies. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/11/2008 : 00:47:04
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| I had two weeks straight where brinks could not deliver pennies. Its ok as they will get more pennies. |
"99% of all lawyers give the rest of them a bad name" 
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 06/11/2008 : 07:28:43
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| Is that a Warhammer book I see peeking in that second photo? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/11/2008 : 10:44:58
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| Good eyes Cerulean! Yes, that is a Warhammer book.. one of my other hobbies. What, did you think I sort pennies all the time? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/11/2008 : 10:58:21
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quote:
Originally posted by HoardCopperByTheTon
Good eyes Cerulean! Yes, that is a Warhammer book.. one of my other hobbies. What, did you think I sort pennies all the time?
I did |
"99% of all lawyers give the rest of them a bad name"
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Penny shortage!?!?!?
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