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A penny pinch: How America fell into a great coin shortage

From smh.com.au

When America's coin shortage trickled down to Giant Wash Coin Laundry, chief executive Daryl Johnson plastered his stores with signs urging customers to bring in loose quarters [$US0.25 coins] and reprogrammed the change machines at his Minneapolis-area chain to take only smaller bills. At one point, Johnson crossed state lines to head to Omaha on a critical mission to acquire $US8000 ($10,920) worth of quarter dollars from another laundromat owner who had coins to spare. "I was like, 'I'll take them!' " Johnson said. "It was about 10 hours round trip. I went and bought all of his quarters and wrote him a cheque." (full story)

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  • Category: Fundamental Analysis