Retailers are asking customers to use credit or debit cards, and some are refusing to make change in coins. They say it’s because of the novel coronavirus. The virus may be playing a part; but, there’s more to the coin shortage.
Through deft use of base metals, the U.S. coinage retains a resemblance to its legacy coinage. But, no matter the electroplating and the sandwiching, the reality of inflation cannot be covered over. Our two smallest denomination coins cost more to produce than they are worth, and the penny burdens our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in coins. Perhaps soon we will replace our fake legacy coins with coins that make sense.
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