3 ms·
On the other hand, coins are pretty neat.
by aniviacat 2y ago
On the other hand, coins are pretty neat.
- fmajid 2y agoThey are also far more durable than bills, specially lower-denomination bills like the $1 note that wears out quickly because it is used more than higher-denomination bills.
- SOLAR_FIELDS 2y agoI am curious what the cost difference is to manufacture a coin vs a banknote. Certainly the penny is probably going to not be worth much more than a penny in melt value, but for stuff like quarters if I can make 5 bills that each last 5 years that may be more preferential than a single coin that lasts 25 years because it gives better control over the money supply.
- asplake 2y agoIn our household we call them “parking tokens”. We use cash for little else.
- SOLAR_FIELDS 2y agoI use them almost exclusively as collectors items for whatever country I visit. And nothing else. America is mostly cashless nowadays anyway. My thought is that at least in America, we will not be rid of coins for another few decades at least . Because gauging by the current climate it looks like the only way we start to phase some of these denominations out is when inflation makes them impractical and useless.
- KoolKat23 2y agoBeing in Europe, I'm surprised you can get anything with coins in the States. I'd struggle to find much under €1.
- SOLAR_FIELDS 2y agoThey are mostly relegated to a jar that you take to the coin exchange once every X years. I honestly don’t remember the last time I actually carried coins and paid for something with them (aside from receiving them as change and dumping in said jar) but it was over a decade ago that I used to actually carry change in my pocket for use. Could have probably been two decades ago almost. Probably the most actionable use I have for coins in todays era is having a quarter for the deposits for the carts at the Aldi lot.