What is with this coin shortage?

In the Washington Post, Rachel Siegel writes about the coin shortage we are experiencing.

…Americans don’t have to look far to see the damage wrought by the pandemic and recession. Car cup holders, sofa cushions, piggy banks and maybe even wallets laden with pocket change are fueling the nation’s great coin debacle.

In yet another 2020 plot twist, coins aren’t making their way through the economy, with the repercussions rippling from the upper echelons of the federal government down to ice cream shops and bank teller windows. With more people staying home, buying less and shifting their spending online, the natural flow of pocket change through banks, restaurants and retail stores has dried up.

…For its part, the U.S. Mint is actually on track to produce more coins this year than it has in almost two decades, having ramped up production to fill the void. Like everything else about this pandemic, the coin shortfall is unprecedented, at least for modern times.

“There is no comparison to previous events,” said Michael White, spokesman for the U.S. Mint.

Read more here.