WASHINGTON-The United States Mint (Mint) has released a Public Service Announcement (PSA) addressing the current coin circulation issue. The PSA can be viewed here https://youtu.be/pWbGMmlniCw
In the PSA, Mint Director David J. Ryder asks the public to “help get coins moving by using exact change when making purchases, taking your coins to financial institutions, or turning them in for cash at coin recycling kiosks.” Ryder also advises that people “remember to follow all health and safety guidelines when you are out spending or recycling your coins”.
Ryder explains the situation as “right now, coins aren’t circulating through the economy as quickly as they were prior to the COVID-19 pandemic, which means that sometimes coins are not readily available where needed. This is NOT a coin supply problem. It’s a circulation problem.”
Ryder also praised the efforts of the Mint work force, stating “I want to assure you that the men and women of the Mint workforce are working as hard as we possibly can to get newly produced coins into the economy. In fact, we are on track to mint more coins this year than we have produced in almost 20 years.”
As always, and especially during this challenging time, the Mint is committed to supporting our Nation’s economy and commerce through the production of circulating coinage.
