>>9964867 LB

>>coin shortage' yields no hits.

>Who's squirreling it away?

>Banks?

>That's a lot of metal, bulky as well as heavy.

Anon has a couple theories on this:

If the plan is to go to "constitutional" money, coins are different than Fed toilet paper.

Coins minted by the treasury would likely need to be redeemed for actual silver coins.

Last I knew there was something like $8B in coinage floating around, but let's round it up to $10B. Redeeming it at 15x face value would cost $150B.

If the treasury can pull back even half of the change in circulation under the guise of a "shortage", it would save $75B in the conversion from clad to 90%.