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Are you changing ?: Temporary shortage forces financial institutions to ask customers to cash their coins | Local

 


The U.S. Mint manufactures coins, but it is the Federal Reserve that oversees the coin inventory and its distribution to deposit-taking institutions through Reserve Bank treasury operations and off-site sites through the country.

Saving the change can be an easy way to build up a reserve of money for the future.

Zelda Sears of Effingham has been collecting money for years and does not cash it.

“I have containers, boxes, large bowls of plants, piggy banks, my purse is so heavy that I cannot carry it because of all the change,” she said. “My car is full of changes. I have been collecting changes for many, many years now. I don’t spend them or cash them sometimes but I wonder how much we have between (husband) Scott and me.” We kind of keep it for retirement, I guess. I don’t know, it’s just one of my passions. I also have a lot of very old rooms like in the early 1800s that I keep separate in a hidden area. dollar bills. I know I’m weird. “

Kristi Mullinix of Decatur is also recording his change.

“I save from school break to school break and I usually get around $ 600,” she said. “The money is used for entertainment during the holidays. I don’t put money in a jar. I keep them and when I have $ 9.27 (total), I give them the 2 cents to collect the money. A friend of mine saves $ 1 bills that have her initial on them, so every bill with a K on them saves her. “

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