There is no longer a nationwide coin shortage, but circulation issues persist for businesses. Utilizing cash management services like secure storage, easy ordering of cash/change, and efficient handling, helps. Like in 2020, decreased circulation from closures causes a strain, not the Mint’s production capacity. While circulation improves, pre-pandemic levels haven’t returned. There’s no true shortage, rather an imbalance as circulation slowed. Banks/businesses not being open during the pandemic disrupted normal patterns. The Fed formed a Coin Task Force to ensure flow. Americans are asked to deposit spare change to get coin moving again.
Are coins going to be discontinued?
Refiners struggle to make enough small retail coins to meet demand, driving up premiums, as the Mint resumed full capacity.
Are coins being taken out of circulation?
While circulation improves, the key problem was a past coin shortage that most overlooked, problematic for unbanked people.