U.S. Coin Shortage: What Consumers Need to Know

What is the coin shortage and why is it happening? June 2020 marked the onset of yet another COVID-19-induced shortage: a deficit of pennies, nickels, dimes, and quarters in the cash registers of American businesses was imminent.1 On June 11, the Federal Reserve announced a temporary cap on distribution of coins to banks.2 By July,…

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