THE NEW COIN SHORTAGE OF 2021

The Federal Reserve continues efforts to manage the distribution of the Federal Reserve's coin inventory and new coin produced by the U.S. Mint in a fair and equitable manner. Our focus is on ensuring that businesses and consumers continue to have ready access to U.S. coin during the COVID-19 pandemic. To meet increased demand for coin fairly and equitably across all depository institution (DI) customers, the Federal Reserve Banks will begin to allocate coin in DI orders for dimes and quarters, beginning with orders placed for pick-up on Monday, May 3, 2021.

Why we are allocating coin again

After a relatively stable first quarter of 2021, coin orders from DIs began to increase in March, with the most dramatic increase seen in the first two weeks of April. In addition, coin deposits to the Reserve Banks have been on a slow decline since January. What initially appeared to be the normal seasonal increase in coin orders typical in the Spring has developed into a sustained trend that significantly exceeds typical seasonal patterns. The U.S. Mint continues to produce new coins at increased production levels; however, increased demand from DIs is outpacing U.S. Mint production and resupply available from low rates of deposits, resulting in the Federal Reserve's coin inventory being reduced to below normal levels.

To read the complete article, see:
2021 Strategic Allocation of Federal Reserve Coin Inventories (https://www.frbservices.org/news/communications/042821-cash-2021-strategic-allocation-federal-reserve-coin-inventories.html)

To read earlier E-Sylum articles, see:
MORE ON THE COVID-19 COIN SHORTAGE (https://www.coinbooks.org/v23/esylum_v23n28a14.html)
THE COVID-19 COIN SHORTAGE (https://www.coinbooks.org/v23/esylum_v23n25a11.html)
MINT DIRECTOR MOY ON THE COVID-19 COIN SHORTAGE (https://www.coinbooks.org/v23/esylum_v23n30a11.html)

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