Payment Card News

Coin Week

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Americans have more than $10 billion of loose change sitting in cookie jars, sock drawers, piggy banks, and under seat cushions. The company that brings you the mean green coin machines in supermarkets across the country says it collected more coins last year than the U.S. Mint produced. Washington State-based Coinstar says it processed and reintroduced into circulation more than 29 billion coins through its network of nearly 10,000 machines in 2001. In comparison, the U.S. Mint produced about 19 billion coins last year. The 29 billion coins processed by Coinstar in 2001 equaled about $1.4 billion. The company has dubbed this week as “National Coin Week” and projects it will recirculate more coins than the U.S. Mint produces, again this year. For more information visit www.coinstar.com.

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