So I keep seeing signs like this at businesses:

Now, I didn’t believe it, so I went to my local bank branch as asked…and yes, they are having issues sourcing pennies.
I went to a different bank… Not just a branch, a different bank entirely, and asked: Same-same.
Third bank I visited had no issues getting pennies but had been warned that “shortages are on the way”
Now a few weeks ago, there were no shortages. Pennies and other change could be gotten for the asking (and the equivalent currency). The last penny was minted (not yet released for circulation) on Nov 12th.
Now, suddenly there are “Shortages”…..Strange.
Best estimates put nearly 250 BILLION pennies in current circulation (thanks MC for verifying that number independently)…Yet suddenly, in only a week or so, just after the US government Mint stopped producing pennies, there are severe shortages. Strangely, those last pennies are scheduled to be placed in circulation mid-2026….so the supply of pennies is still entering the market.
Funny, back during the Covid days, when the major car manufacturers essentially stopped producing cars, we were not suddenly walking….there were still cars on the road. Same same here. There is no reason for sudden shortages. Still BILLIONS of pennies in the stream of commerce.
Yet somehow, just a week or two after the last penny was minted, the United States is suddenly running out of pennies and other coins and the businesses are pushing hard for Credit card, Debit card, or “Contactless payment” because they can no longer provide change.
One of the excuses for no longer needing pennies was that “fewer coins are needed because of credit and debit payments”….
Someone is lying to us, there are not suddenly a billion or so fewer pennies in circulation. They were there a week ago……
I think it is an excuse to push for a cashless economy.