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
[US] People holding onto coins are spending less of them as a precaution against transmitting the pandemic virus. Banks aren’t accepting deposits of many coins from customers to discourage branch visits where they aren’t necessary.
And production/distribution may have been impacted to some extent earlier in the year to protect workers. Keep in mind the Mint produces a little over ten billion coins annually to fit demand.
Latest Answers