I’ve seen notices in a lot of stores that mention the shortage of coins in the U.S. All the coins have to have gone somewhere. Where did they go, or more so, how does this work?
In: Economics
They’re literally sitting in jars, pockets, dresser tops and pockets in homes, and in car coin trays and center consoles. And in the safes of shut down businesses to a lesser extent.
They’re just not circulating. Fewer visits to coin-op everythings (car washes, laundromats, etc.), fewer trips to stores and restaurants and bars, etc. Fewer opportunities to spend and receive coins in cash transactions, so they circulate less. Less circulation means less coins out and about, but the coins still exist – they’re just sitting around going unusued.
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