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Stuntcheeks · 01-08-2002, 03:03 PM

Nic Name, you posted that article about CoinStar and that man w/all the coins.

I recently heard an interesting fact on NPR the other day. The US mint had to lay off 357 employees as a result of CoinStar machines.

Reason being, the change is meant to be lost, thrown away, saved in jars stashed in the seat cushions never to be seen again, etc. We (U.S.) were producing X amount of coins every year to compensate for the coins that went out of circulation.

The CoinStar machines have changed that, though. People actually 'hoard' change now just to toss it into a jar to take to CoinStar eventually.

"This year alone we’ll put through 1.3 or 1.4 billion dollars back into the economy."--Dianne Renihan is the CFO.

That's a LOT of coinage going back into circulation and a LOT of jobs being lost because of it.

I found the whole story quite interesting.

edit: screw it, link's gone...go to google like Nic said.

01-08-2002, 03:03 PM	#10
Stuntcheeks Kinda New Member Join Date: Jan 2002 Location: Florida Posts: 1	Nic Name, you posted that article about CoinStar and that man w/all the coins. I recently heard an interesting fact on NPR the other day. The US mint had to lay off 357 employees as a result of CoinStar machines. Reason being, the change is meant to be lost, thrown away, saved in jars stashed in the seat cushions never to be seen again, etc. We (U.S.) were producing X amount of coins every year to compensate for the coins that went out of circulation. The CoinStar machines have changed that, though. People actually 'hoard' change now just to toss it into a jar to take to CoinStar eventually. "This year alone we’ll put through 1.3 or 1.4 billion dollars back into the economy."--Dianne Renihan is the CFO. That's a LOT of coinage going back into circulation and a LOT of jobs being lost because of it. I found the whole story quite interesting. edit: screw it, link's gone...go to google like Nic said. Last edited by Stuntcheeks; 01-08-2002 at 03:26 PM.