COVID-19 Coin Shortage Challenges Cash-Based Businesses

The US is experiencing a coin shortage, prompting the Treasury to ask the public to spend, deposit, or exchange coins. Businesses are adapting by moving to token-based systems. Despite increased coin production, consumer spending is still below pre-pandemic levels. The rise in contactless payments, driven by COVID-19, benefits credit card companies. The US Mint suggests that spending spare change can help alleviate the shortage.

What impact has the coin shortage had on businesses?

What does Ken Shaner predict about the coin supply in the future?