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KaiserSoce
CA
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Coin shortage
Jul 16 2020 11:04PM more by KaiserSoce
Tags: Random

So I guess all you scaredy-cats staying home for 4 months took a lot of loose Change out of circulation.

Come on... bust open those piggy banks and spend those pennies!
      
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AFMadness
Inland Empire, CA
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since Aug 17 2009

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Jul 16 2020 11:17PM     link to this

It's a scam to further the cashless society. Who would a thought ?

That virus is a powerful little bug.
Angler1
CA
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since Jan 6 2008

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Jul 17 2020 12:00AM     link to this

It's funny, they print all the money they want but won't stamp a few coins?
BS, it's just another lie.
lamar
SGV, LA, CA
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since Jun 13 2016

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Jul 17 2020 02:53AM     link to this

I'm doing my part, I cashed in one of my ammo cans filled with rolled quarters and dimes. Totaled about $850.

Are we actually moving to a cashless society?
GoBallsDeep
Fullerton, OC, CA
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Jul 17 2020 04:55AM     link to this

Can't even remember the last time i handled a coin.
Hardly ever use bills and when I do, I ask them to round up for the tip so I don't have to carry any small round metal discs.

Pennies make me laugh, why bother?
lamar
SGV, LA, CA
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Jul 17 2020 06:53AM     link to this

Pennies ?

Besides the $850 in rolled coins I redeemed $10 in pennies. Since the late 70s I've saved my pennies then in 1982 I found out they weren't copper anymore and had to sort out the zinc ones. I now sort through all my pennies roll the zinc and save the copper. I have about six gallons of copper pennies. It's almost at the point where I also say why bother because I'm getting few to almost no copper pennies as time goes on. No idea why I started saving or what I'm going to do with them.
KaiserSoce
CA
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Jul 17 2020 07:06AM     link to this

From what I have been reading, although new production of coins has slowed a little due to Corona Virus safety measures, the real problem is people aren’t circulating coins.
Fewer cash transactions coupled with fewer in person customers means businesses depositing coins.

Like Lamar, I have all kinds of containers filled with coins.. my credit union has ma machine in the lobby/... pour them in. Deposit right into your account.

ColossusJones
AL
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Jul 17 2020 09:28AM     link to this


You can also drop off at CoinStar at Stater Bros. Unsure where else they are. If you get straight cash, they charge you a percentage. But if you get an amazon or other gift card, they don’t. Super easy to do too.

Its.All.Good
Murrieta, Inland Empire, CA
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since Mar 31 2014

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Jul 17 2020 09:38AM     link to this

My credit union has a coin machine inside it's branches for no fee if you're a member and gets directly deposited into your checking account.
Juanita

144 blogs/2734 comments
since Jul 24 2005

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Jul 17 2020 12:04PM     link to this

I have been saving coins for 40 years or so. Many years ago I would change it to use on vacation and it would normally be $600 to $800 per year. Now I save coins in both currencies and I had about $900 when I cashed them in. I took that money to Western Union in March when the lines to cross were non existent and sent the money back to myself and with the pesos I went to a change house and bought dollars. In all I turned $900 into about $2400 in 3 weeks.
dakegg
LA, CA
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Jul 17 2020 02:43PM     link to this

How else should I pay for parking tickets?
sazaholix
City of Los Angeles, LA, CA
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since Feb 25 2008

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Jul 17 2020 06:35PM     link to this

discovered a vast source of quarters at the local coin-op car wash coin dispensers
MrBritt
San Diego, CA
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since May 7 2018

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Jul 17 2020 07:54PM     link to this

So this is another conspiracy? ROTFL
GoBallsDeep
Fullerton, OC, CA
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Jul 17 2020 10:06PM     link to this

"In all I turned $900 into about $2400 in 3 weeks."

That smells like bs, lol
Why do that with just coins, do it with all your money
You can quit your job!

Send the money to yourself in Mexico, then take it to a Cambio, turn the pesos into dollars and make a triple in 3 weeks???
No way
lamar
SGV, LA, CA
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Jul 17 2020 11:08PM     link to this

When I came back from Ontario Canada I was able to exchange my Canadian dollars at Wells Fargo but they wouldn't take the change.

When I was leaving Belize I had to pay an exit fee to get out of the country. Funny thing is they wouldn't let me pay with Belizean dollars, I had to pay with American dollars, WTF? I spent the remaining Belizean dollars at the shops in the terminal.
alodar
LA, CA
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since Apr 7 2006

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Jul 18 2020 12:11AM     link to this

One of the banks is actually paying a premium for coins. If you bring in $100 they are paying $105 they said they had to pay the federal reserve to buy it so in the mean time they will pay the public,
KaiserSoce
CA
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Jul 18 2020 05:06AM     link to this

Which bank?
Grumpy_Butthead
NM
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since Jan 30 2016

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Jul 18 2020 05:25AM     link to this

Have a nice drive there is a bank in Wisconsin
GoBallsDeep
Fullerton, OC, CA
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Jul 18 2020 05:36AM     link to this

Spidy?
Why you gotta give shills a bad rep?
Juanita posts off and on
Seems to be a nice lady
Without women on this site
There would be no fucking site, knowhatimean
Math just may not be her long suit
Chill out
There's plenty of real idiots on here that you can have a field day with
KaiserSoce
CA
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Jul 18 2020 07:56AM     link to this

Maybe there is a difference in Mexican math and American math.... duhhhhh you guys are so dense sometimes.
mark1224
Santa Barbara, Central Coast, CA
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Jul 18 2020 10:07AM     link to this

GoBallsDeep

Juanita is an American Guy. He is connected to a house in Mexico. Since he represents the ladies that is what he is listed as. He is not hiding the fact that he books for them. He has thrown XMAS parties in San Diego.
Its.All.Good
Murrieta, Inland Empire, CA
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Jul 18 2020 10:14AM     link to this

This is some Bullshit! Forcing us to pay with a Card! 😡
Juanita

144 blogs/2734 comments
since Jul 24 2005

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Jul 18 2020 10:40AM     link to this

Yes I am and American that has been on this site through 3 different site names and My handle has remained the same

It is true that Western Union and Money Gram charge $8 per transaction and after my transactions got larger they charged $16. I made between $200 and $300 per transaction. At the time I started there was no lines at the border with the shutdown and I would cross the border around 6am and would do the Money Gram transaction at Walmart on Palamar in Chula Vista. Come back home and get my pesos, and then buy dollars at change houses here. For awhile I could get 25 and 26 pesos per dollar and then sell back at around 21 in the change houses. The spreads got closer after awhile and the lines started to get longer crossing the border. I have a friend that is still making money doing this but he does it by using bank cards in Mexican ATM's. He has US accounts that charge no fees and reimburses him for any fees changed by the Mexican banks. The electra store (more or less the Mexican Western Union) opens at 9am, so if I was at Walmart at 7am, I could be at Electra at 9am and then stop by Changes houses to finish up before noon daily.

There were many people doing this, and it would still work today but maybe my earnings would be about $150 per day.

I ended up using friends to wire the money to as the Electra had a $60,000 peso limit per month.
juliuscaesar1
City of Los Angeles, LA, CA
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since Jun 2 2018

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Jul 18 2020 10:50AM     link to this

I'm learning a lot from Juanita.
lachineseguy
SGV, LA, CA
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since Mar 3 2006

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Jul 18 2020 10:57AM     link to this

wait..wheres the spread from? i dont get it lol
Juanita

144 blogs/2734 comments
since Jul 24 2005

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Jul 18 2020 11:13AM     link to this

We do host free Xmas parties every year but they have never been in San Diego. We have these events in Tijuana and I have advertised them here for at least 10 years. Many HX guys and some of the ladies have attended. Most of our visitors are not from HX, but if you really don't believe what I say I believe you know how to contact people in my network to get their opinions.
AFMadness
Inland Empire, CA
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Jul 18 2020 01:36PM     link to this

This explains a lot.
.
Attached Links
Coin shortage
GoBallsDeep
Fullerton, OC, CA
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since Dec 12 2019

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Jul 18 2020 04:26PM     link to this

Why would anyone pay 25 pesos for a dollar when the exchange rate was like 19 or 20, even now it's 21......cause they don't want to make the walk to the cambio?

That's some strange arbitrage going on there but if you say you were doing it, then there you go.

How's AMLO, by the way, he working out good?
Juanita

144 blogs/2734 comments
since Jul 24 2005

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Jul 18 2020 04:34PM     link to this

In March, the value of the peso went way down and I got as much as 26.40 at one point...most of the time got them at 23 and 24 by both Western Union and Money Gram. The Mexican local houses on got a little bit over 23 for awhile and they are mostly around 20.5 to 20.to buy pesos. Can buy dollars at 21.9 or 22 today
GoBallsDeep
Fullerton, OC, CA
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Jul 18 2020 04:43PM     link to this

You should be working for Goldman Sachs arb department!
Nice work!
There are 29 comments on this blog.