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Access granted, take your coffee

At least since the great coin shortage of the mid 1960s, collectors have been aware of the role the vending machine industry plays in overall demand for U.S. coins.

What the vending machine industry wants in terms of coin composition and electronic signatures has carried great weight with the Treasury. Venders don’t want to spend money to refit their coin discrimination mechanisms.

That may be about to change.

What if the vending industry stops using coins, or greatly reduces their use? Then what?

I began thinking about the flip side of yesterday’s blog about growing coin demand because of a timely article in the Wall Street Journal.

Larger vending companies are starting to jump strongly into computerized machines that take credit cards or read thumb prints of users.

No coins needed there.

I still associate thumb readers  with eye retina readers and the like used as entry guardian points at super secret government installations or Swiss banks shown in the movies, not as guardians of the soda machine.

These machines also communicate electronically with the central distribution points, so hot items can be restocked quickly and unwanted items can be replaced.

It may feel odd for me to go into the Krause break room and use a credit card or use a thumb reader instead of coins to get a morning cup of coffee, but the article points out that nowadays kids don’t carry cash.

They are the future.

I’ll survive, too, because I need that morning coffee.

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2 Responses to Access granted, take your coffee

  1. Vachon says:

    Until the power goes out… Then everybody wants cash. 🙂 Cash use may continue to decline but it still remains the last form of anonymous purchasing we have. So long as the need to not want to publicize our purchases exists, so will the need for cash.

  2. Thomas Rubas says:

    I don’t think we’ll see a time where coins are not used, they may just mint less of them. Coin collectors may like that because less is more valuable over time. Why do you need coins for coffee? Isn’t it like five dollars a cup now? HA HA

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