Working to Recharge Coin Circulation in the United States
Coin circulation has emerged as a new disruption caused by the COVID-19 pandemic. Many have referred to this as a shortage; however it is not. There is more than $40 billion in coin already in circulation, most of which is sitting dormant inside America’s 128 million households. As people have changed their spending habits, and coin-intensive businesses and financial institution lobbies have been less accessible, the nation’s coin is pooling in change jars, in car cup holders and in shuttered businesses, making it difficult for the businesses of this country to get the coin that they need to support cash transactions. To address the circulation problem, the United States Mint and Federal Reserve established a U.S. Coin Task Force in July 2020 that includes representatives of critical parts of the coin supply chain.
October is #GetCoinMoving Month! Do you have loose change lying around in your home or vehicle? October is the perfect month to gather your coin and put it to good use—#EveryCoinCounts!
Donate it, or
and help #GetCoinMoving through the U.S. economy.
The Golden Gate Area Council is partnering with the U.S. Coin Task Force and asking all scouts to help get coin moving.
Share pictures of your Scouts spending, depositing, donating or exchanging their coin on social media.