COVID-19 CAUSES COIN SHORTAGE

07/29/20

According to Osborne Coinage Company, one unanticipated consequence of COVID-19 is a shortage of U.S. coins. This is attributed to the reduced currency circulation caused by stay-at-home orders along with lowered production levels at the U.S. Mint. Businesses such as arcades, family entertainment centers, coin-operated laundries, and car washes are considering switching to a token-operated system.

Reportedly, banks are rationing their coin allotment and, in some instances, actually calling customers asking them to bring in their coins for deposit. Stores are doing their part by encouraging contactless payment or requesting exact change for purchases.

TokensDirect, a division of Osborne Coinage, has been monitoring the coin shortage and reports that requests for information about changing from coins to tokens have increased immensely. 



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