Coin Shortage Hitting Harder Than You Might Think
August 18, 2020 10:56AM EDT
GLENVIEW, IL – JULY 06: Pennies are displayed at Glenview Coin & Collectibles July 6, 2006 in Glenview, Illinois. Reportedly due to manufacturing costs, the US Mint may be contemplating discontinuing the penny. (Photo by Tim Boyle/Getty Images)
By now, you’ve probably heard about the national coin shortage in the U.S. The pandemic caused coin circulation to be disrupted because of businesses closing and consumers not shopping as much.
As a result, many stores have asked customers to use their debit or credit card to shop or bring exact change.
Laundromats and coin-operated washers and dryers in apartment units are also feeling the pinch. Laundromats aren’t able to offer as much change as before and the lack of coins at banks is causing many to scramble just to wash clothes.
Other coin-centric devices like public air pumps and DIY car washes are being affected too.
How much change do you have in your home? Have you dipped into your stash to have some coinage just in case?
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