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The great American coin shortage of 2020

Lower coin production, fewer transactions drive a squeeze on change


July 14, 2020 by Richard Moore

The year of COVID-19 has also been a year of shortages — sometimes some pretty curious shortages — sparked by the pandemic, everything from toilet paper to yeast for baking to inexpensive bicycles to hand sanitizer.

Now add another COVID-19 shortage to the list: coins.

That’s right, there’s a coin crunch in America — better safeguard that tin of nickels and dimes and quarters you have stashed away — so much so the Federal Reserve System (FRS) has begun to ration them.

The...

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