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Many countries have replaced their lower value banknotes with coins, simply because the coins last much longer so are cheaper to produce (over their life).

If it costs 25¢ to produce a $1 bill and you have to replace it every 2 years because it is dirty and torn, then over ten years it will have cost you more to make the note than the note was worth. Although a $1 coin might be more expensive to make, it will last for 50 years.

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15y ago

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