4 ms·

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced. We really should b

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced. We really should be using $1, $2, $5 and $10 coins

0des 5y ago
Paper and linen are renewable materials that are made from easy low-impact resources to be extracted and processed, they can be remade and reissued many times for a fraction of the impact of a metal coin, not to mention the cost to transport any amount over pocket change.
- hanniabu 5y ago
  And they're more convenient for the wallet
  - ryanmercer 5y ago
    And I've never lost a paper bill, but I'm forever losing change.
- jyounker 5y ago
  There is very little in the world that is more recyclable than metal.
majou 5y ago
Canada's physical currency is pretty great: No penny; typical nickles, dimes, and quarters; loonies and toonies ($1 and $2 coins); as well as very durable and fancily-secured polymer bills for $5, $10, $20, $50, and $100. The only complaint might be that all the bills are the same size instead of on a log-scale like eu or aus, but I prefer it that way. I wouldn't see much value in coins >$2, bills are far simpler to carry and don't make noise or scratch screens.
robocat 5y ago
I live in New Zealand which has NZ$1 and NZ$2 coins: they truely suck because the value is enough to care about but the coins don’t fit well into your pocket. I also hate similar value coins in €, £, AUD. $1 notes are awesome. 2 NZD ~= 1.40 USD. Note that NZ’s smallest coin is 10 cents - it is good not having pennys nor nickels.
idiotsecant 5y ago
The GAO actually did a study on this in 2019! They determined that for the first time since they started tracking the issue this is not true. Paper bills are overall cheaper than coinage now. I can't link right now but it's GAO report # GAO-19-300

4 ms·

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced. We really should b

by fanniemae 5y ago

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced. We really should be using $1, $2, $5 and $10 coins

0des 5y ago
Paper and linen are renewable materials that are made from easy low-impact resources to be extracted and processed, they can be remade and reissued many times for a fraction of the impact of a metal coin, not to mention the cost to transport any amount over pocket change.
- hanniabu 5y ago
  And they're more convenient for the wallet
  - ryanmercer 5y ago
    And I've never lost a paper bill, but I'm forever losing change.
- jyounker 5y ago
  There is very little in the world that is more recyclable than metal.
majou 5y ago
Canada's physical currency is pretty great: No penny; typical nickles, dimes, and quarters; loonies and toonies ($1 and $2 coins); as well as very durable and fancily-secured polymer bills for $5, $10, $20, $50, and $100. The only complaint might be that all the bills are the same size instead of on a log-scale like eu or aus, but I prefer it that way. I wouldn't see much value in coins >$2, bills are far simpler to carry and don't make noise or scratch screens.
robocat 5y ago
I live in New Zealand which has NZ$1 and NZ$2 coins: they truely suck because the value is enough to care about but the coins don’t fit well into your pocket. I also hate similar value coins in €, £, AUD. $1 notes are awesome. 2 NZD ~= 1.40 USD. Note that NZ’s smallest coin is 10 cents - it is good not having pennys nor nickels.
idiotsecant 5y ago
The GAO actually did a study on this in 2019! They determined that for the first time since they started tracking the issue this is not true. Paper bills are overall cheaper than coinage now. I can't link right now but it's GAO report # GAO-19-300