Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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Most Frequently Asked Questions About the Fed Banking and the Financial System Money, Interest Rates, and Monetary Policy Credit, Loans, and Mortgages Currency and Coin Economy, Jobs, and Prices Federal Open Market Committee Regulations All Questions

Is there a coin shortage in the United States?

No. There is not a coin shortage.
The U.S. Mint is the issuing authority of coins. The Federal Reserve Banks distribute new and circulated coins to depository institutions, such as banks and credit unions.
During the COVID-19 pandemic, the circulation of coins was disrupted. In response, the Federal Reserve took action in its distributional role to help manage the flow of coins to banks across the country.
In 2023, coin circulation improved and the Federal Reserve returned to regular distribution for all denominations.

Three panels show how coins circulate throughout the economy. First, the U.S. Mint is responsible for the production of coins. Second, coins are sent to Federal Reserve Banks for distribution. Finally, coins are sent to community banks for circulation among people, businesses, and other community banks.

Last Update: August 27, 2024

FAQs

Is there a coin shortage in the United States?