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

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