The United States Mint is asking the public to help get coins moving by using exact change when making purchases or turning them in for cash at coin recycling kiosks. You may also be able to redeem coins for cash at financial institutions, but first contact local branches about their coin redemption policies, as they may vary.
The Mint is making this request because coins are not circulating through the economy as quickly as they were prior to the COVID-19 pandemic. Cash transactions have decreased significantly since 2019, as more and more individuals have turned to performing their transactions electronically, which means that sometimes coins are not readily available where they are most needed. This is not a coin supply problem. It is a circulation problem.
There are many people who rely exclusively on cash and currency to pay for goods and services. There are also many businesses that rely on cash and currency for their day-to-day operations. These people and businesses feel a significant impact from the unavailability of coins.
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.
Since the coin circulation problem first emerged in 2020, the Mint has asked for the public’s help in solving this problem, through communications from the Mint and as a member of the U.S. Coin Task Force. The Mint has issued press releases, distributed public service announcements, conducted social media campaigns, and amplified our content via the U.S. Coin Task Force website.
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About the United States Mint
The US Mint was created by Congress in 1792 and became part of the Department of the Treasury in 1873. It is the Nation’s sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce.
The United States Mint also produces numismatic products, including Proof, uncirculated, and commemorative coins; Congressional Gold Medals; and silver and gold bullion coins. The Mint’s numismatic programs are self-sustaining and operate at no cost to taxpayers.
Why don’t we all get half dollars from the bank and use them? They’re worth two quarters and that would relieve the shortage, but vending machines need to change to accept them! The government has billions of them in storage and that would alleviate the clean storage!
Half dollar coins are no longer produced for general circulation, though you can still get them on occasion at banks. I use them, and also use dollar coins and $2 bills. You’d be surprised at how few cashiers know what they’re getting.
I think that’s a great idea!
Get the banks to reinstall coin machines for the general public even if its for deposit only would help tremendously. Nobody wants to pay a 10 to 15 percent fee to cash in their change with companies like coinstar.
Get banks to reinstall coin machines for the general public. Even if its for deposit only would help tremendously. Nobody likes to pay 10 to 15 percent to private companies to cash in change. In my opinion its a process that should be handled by banks since they charge horrendous fees anyway. Give the aveage consumer abreak and get the banking industry more consumer friendly
We’re not allowed to use half dollars anymore they’re not legal tender they don’t hand them out to people they’re only made is proofs now we as Americans are so f****** stupid and don’t even understand what the f*** they do with all our money they make coins just to hold them you don’t get the whole United States is just nothing but a money glomerate when everybody figures that out it’ll be too late
Every coin ever struck is still legal tender.
Yes they are I use them all the time.
That’s not true. I got a clad kennedy half in my change about a month ago.
You ever heard of creating a problem trying to fix one
Thank you… finally!
Many people are missing something huge. They want to unroll the new digital currency and these coins are backed by the metal they contain. Many of these coins in real terms are already worth more than face value in metal.
I believe they are trying to call in the coins. They do not want honest money out there. It’s not as good as gold and silver coinage by a long shot but there are metals such as copper, nickel and zinc.
Bottom line is I would hoard as many as you can find because I feel the coins will carry premiums like old silver coins do today which are mostly 20-22 times face value.
There will be people not wanting to trade with the new digital currency and I myself am included. These are trade units backed by the metals they contain and are highly divisible.
They are pulling a trick on the public. Do not let go of the better of the currency.
I agree
Agree
The mint used to have a program where you could get a bag of coins at face value. I used to get these to help spread the use of the dollar coins. Let’s bring back this program.
I can tell you one reason I don’t “circulate” my coins. Banks won’t accept rolls of change anymore. Stores won’t let you pay with change. I’m not dumping my change in a machine and losing money for it. Banks are telling me my change is worth less than value. If I have 50 dollars worth of quarters and dump them into their machine it’s no longer 50 dollars. Therefore I’ll just hold onto mine until I can exchange it for what it’s worth.
Wow, where’s that at? I haven’t had anything like that happen here in KS. Every once in a while we will see an old sign for coin shortages but for the most part all of that stopped here.
Since we import Nickel from the Communist do away with the US nickel. No wait. Politicians would take thirty years to debate the topic, 300 million dollars to bring it up for a vote, and the entire US Northwest forest to issue the 3,000,000 document to the legislative and executive branch. Just asking for a friend.
Sorry, but I am guffawing at your post. What you say is probably true, but funny, as well! Thanks for making this old lady laugh!
No circulation = no need for treasury department to stamp coins. Indefinite unpaid leave for these workers would save taxpayers how much?
Yea. Those COUN STAR machines charge like 15% to turn your coins in.. I cry BULLSHIT.. You SHOULD be able to get what they’re worth..why don’t the government put machines up that don’t charge any thing..if they want those coins so badly???
Please let me know where can I cash my coins, because of this Pandemic Covid19 Virus need help to pay bills.
If they want coins back pay a % on the coins save money on stamping new
I read most of the comments and i 100% agree .America is trying to send us into a new era. When I do go to the stores ,the government has the store’s asking would you like to round off your change and i first it wasn’t a big deal but now this is a slick way to dry up the coins.
I just started collecting coins a few months back. Now that I am old and decrepit, it makes a great hobby and keeps my mind working.
Government people, please don’t take my coins away.
If poeple what’s to sell there coins I will buy all you got for face value don’t give the back to no mechanical mechanic thanks
Members 1st credit union in Pennsylvania except rolled coins.
Round everything up to the nearest dollar and be done with change
when i save up a couple hundred in change i roll it up and take it to a store and ask them if they are in need of change and if so then ill ask them if they want to swap out for bills or if its a store im shopping at ill just say or ill do some store credit since im shopping here anyways. i never had a problem doing that and actually got in good with a store or two for helping them out bc i guess they had a change shortage.
Everybody is forgetting that every time money is exchanged it is taxed that includes coins if currency is not being circulated the government is losing money by not being able to collect taxes from currency being circulated for every person that touches a coin then spends it at another place it’s taxed think about it
Banks are more than willing to accept rolled coins. I have cashed in on many occasions with no problems.
I believe the us mints are worth way more than the face value because of the history and blood shed …. The whole idea of paperless money and going digital makes me sick.. there’s pros and cons to everything the only upside to digital is the less hand to hand transaction less likely to spread germs
Provide a list of where you can cash in coins, it is nearly impossible to find any coin machines.