What Happened to America’s Quarters?

What Happened to America’s Quarters?

4/7/2022

link

https://nymag.com/intelligencer/2022/01/national-coin-storage.html

summary

This article discusses the growing trend of individuals storing their wealth in alternative forms, specifically through the purchase and storage of collectible coins. It explores the reasons behind this shift, such as concerns about the stability of traditional financial institutions and the desire for a tangible asset that can be physically held. The article examines how this practice is gaining popularity among wealthy individuals, particularly in the United States. It also touches on the potential risks and challenges associated with storing wealth in this way, including issues of security and liquidity. Overall, the article provides insight into the emerging phenomenon of national coin storage as an alternative investment strategy.

tags

monetary policy ꞏ monetary system ꞏ covid-19 pandemic ꞏ currency ꞏ numismatics ꞏ federal reserve ꞏ cash management ꞏ cash transactions ꞏ money circulation ꞏ financial transactions ꞏ retail sector ꞏ money supply ꞏ coin denominations ꞏ cashless transactions ꞏ coin hoarding ꞏ us economy ꞏ coin circulation ꞏ contactless payments ꞏ cash shortage ꞏ banking system ꞏ coinage ꞏ cash flow ꞏ financial infrastructure ꞏ financial industry ꞏ payment methods ꞏ cash handling ꞏ money handling ꞏ small businesses ꞏ digital currency ꞏ retail industry ꞏ economic impact ꞏ coin supply ꞏ national coin shortage ꞏ economic recovery ꞏ coin collectors ꞏ economic stability ꞏ cash economy ꞏ cash flow management ꞏ cash reserves ꞏ consumer behavior ꞏ vending machines ꞏ money management ꞏ transactional efficiency ꞏ cashless society ꞏ business operations ꞏ coin production