July 20th, 2011

Why Americans Are Using Fewer Coins

Several entities have reported that the U.S. Bureau of Engraving and Printing is printing less paper currency. That poses the question: What about coins?

The short answer is: Yes.

The U.S. Mint did produce fewer coins last year. The long of it is, however, that the reasons for the slowdown aren’t that simple.

An article from earlier this month provides one simple explanation for the decreased production.

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