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Show Small Change Is Scarce in United States No wonder small change Is so scarce and there's not enough for phones, parking meters, vending machines and retail stores there is only a little over $10 worth of coins for each person in the United . States today. Meanwhile, the amount of "folding money" in circulation cir-culation per capita has increased irom $17 in 1900 to $170 in 1951. It is still increasing. In 1800 there was only about $5 in money for each person in the U. S. to buy and sell and rent with; $2 out of every $3 was in hard cash. By 1850 there was $12 in circulation per person, about hall in coin. Though hank checks substitute more and more for paper money, the need for coins has multiplied. Myriads of new vending machines, parking meters and pay telephone? eat coins by the carload, and hold them out of circulation 10 to li days at a time. |