![]() ![]() Ultimately, the Federal Reserve’s overall coin inventory declined. ![]() Demand for coins then increased as parts of the country began reopening after widespread lockdowns. Coin deposits at Federal Reserve Banks fell substantially, while Mint production decreased following implementation of employee safety measures. In 2020, the COVID-19 pandemic unsettled the usual processes of coin distribution and circulation. More than 20 billion coins are processed annually by the Federal Reserve System, which removes counterfeit coins and foreign coins from circulation. Commercial banks deposit surplus coins at Federal Reserve Banks. The 12 Federal Reserve Banks and branch offices receive coin orders from more than 8,000 banks, credit unions, and savings and loan associations. How Do New Coins Reach Consumers? How Has COVID-19 Impacted this Process? ![]()
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