Got a piggy bank full of coins? It's time to get those back in circulation by bringing them to the bank and either trade them for bills or deposit them into your account. It appears there's a real coin shortage out there. We've been hearing about this ever since the pandemic began in 2020 but more information since has come to light.

Individual businesses are encouraging the United States Treasury Department to help convince Americans to get coins back into circulation. With nearly all purchases moving to plastic cards, smartphone apps, and even crypto-currency, a large coin pool is still in our cars' cup holders and piggy banks.

Get our free mobile app

"In the wake of the COVID-19 pandemic, and other recent societal challenges, data indicates coin reentering the supply chain has decreased by approximately half, although demand has not appreciably changed. The result of this circumstance is an inability to reasonably accommodate current coin ordering demand with existing available supply." - U.S. Coin Task Force

As Newser points out, the shortage of change in circulation hits people who do not have the ability to pay for items electronically the hardest.

“The weak circulation affects most everyone but the hardest hit are small cash-dependent businesses and those who are least well off...For millions of Americans, cash is the only form of payment.” -  Hannah vL. Walker, a Task Force member and Vice President with FMI – The Food Industry Association.

The campaign Get Coin Moving is already being heard on social media with many people taking action by using coins collected in their homes.

The U.S. Coin Task Force urges Americans to take these steps to help:

  • Start spending their coin
  • Deposit coins at their financial institutions
  • Redeem coins at coin kiosks
attachment-we-need-your-coins-purple
loading...

TRENDING FROM RESULTS-TOWNSQUARE MEDIA SIOUX FALLS

Top 14 Restaurants That Should Come Back to Sioux Falls

Some friends and I were getting together for dinner and we were trying to decide where to go. That’s when we started reminiscing about our favorite Sioux Falls restaurants that have come and gone. Here's a list of 14 restaurants I want to come back to Sioux Falls. What restaurants were your favorites that are no longer in Sioux Falls?

Worst Parking Lots in Sioux Falls Metro

Let's face it, some of the parking lots in the Sioux Falls metro are pretty hard to navigate. Sometimes it feels as though you're taking a risk driving through them on a busy day.

We made a list of some of the worst parking lots in the Sioux Falls Metro. Be extra careful while guiding your vehicle in these tricky lots.

Is the parking lot you dread driving in the most on this list? Take a look and find out.

More From Hot 104.7 - KKLS-FM