Almost $1 Million in Loose Change: A Possible Solution Towards the Great Coin Shortage of 2020 in the United States?
The Transportation Security Administration collected a total of $926,030.44 — $18,899.09 of which was foreign currency — at airport security checkpoints in fiscal year 2019 alone, according to this official report of unclaimed money to the House of Representatives of the United States.
“TSA tries to ensure that all traveler property, including loose change, finds its way back to the proper owner”, according to the aforementioned official report. “However, when loose change does not, it will be directed to critical aviation security programs.”
Furthermore, the Transportation Security Administration had a total of $3,618,696.00 in resources remaining from unclaimed money which was collected both in fiscal year 2019 and prior years. Of this, the Transportation Security Administration has:
Obligated $2,100,000.00 for training and development, of which $996,475.51 was expended during the year.
Spent $32,150.00 from obligations during the prior year on printing and distributing bookmarks at airport security checkpoints across the United States to publicize the TSA Pre✓ program — and at the end of fiscal year 2019, the Transportation Security Administration had $1,518,696.00 in unobligated resources available for its use
The Top 5 Airports In Terms of Unclaimed Money Collected
The top five airports in the United States at which the most unclaimed money was collected comprise of $283,092.68, which is slightly greater than 30.57 percent of the total of $926,030.44 collected. Those airports are as follows:
John F. Kennedy International Airport in New York
San Francisco International Airport
Miami International Airport
McCarran International Airport in Las Vegas
Dallas-Fort Worth International Airport
Almost one million dollars is a lot of loose change — although the report does not specifically state that all of the unclaimed money was in the form of coins.
Perhaps officials at the Transportation Security Administration should consider at least exchanging whatever coins they do have with paper money to help alleviate the Great Coin Shortage of 2020.