Due to millions of Americans suddenly abandoning their normal spending habits, the U.S. is suddenly facing a shortage of coins. As the Federal Reserve looks to address the issue, all sorts of businesses, including casinos, are trying to find ways to cope.
On August 7, the Federal Reserve’s website addressed the issue:
“Business and bank closures associated with the COVID-19 pandemic have significantly disrupted the supply chain and normal circulation patterns for U.S. coins. While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country.”
For most Americans, the effects of this shortage can be seen in businesses where payment can only be accepted either in exact change or by credit card. In fact, it’s a time to clear out that coin jar, as convenience stores like Wawa will give you a free sandwich in exchange for $50 worth of coins.