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For a couple of reasons.
First, small denominations are needed in great numbers for making change and paper would wear out very quickly. Coins can tolerate a lot of use and generally last anywhere from 15 to 50 years.
Second, it costs more to print bills than to mint coins. The cost of both is low, but it wouldn't be economical to print paper pennies, for example - the cost of making a paper bill is a lot more than one cent so the government would lose money on every one they printed.
These reasons are why some people are calling for the US to eliminate its $1 bill in favor of the new 'golden' dollars. Because of inflation dollar bills are needed much more for making change than they were 30 or 40 years ago, and they now wear out in less than 18 months on average. Some estimates indicate that use of $1 coins exclusively, along with more $2 bills, would save over one *billion* dollars a year.
What else can I help you with?
Are coins worth less in a proof set?
Coins in proof sets are generally worth a bit more than coins used in general circulation.
How much is a 1963D penny mint condition worth?
Most uncirculated coins are less than 25 cents.
Are silver coins worth more than face value?
Yes. Silver coins are worth more than face value.
How much is a 1955d penny worth?
The 1955-D Lincoln cent is a very common coin. Circulated coins are 3 to 10 cents. Most uncirculated coins are less than $1.
What is 75 pounds of random change worth?
It depends on what coins notes and other money that you have in that 75 pounds, if u hav 100000 10c coins it would be less amount than 100000 50c coins, but about the same weight.
Why is one coin worth more than than another coin?
There are several factors that determine a coin's value. The first and major factor is what the coin is made out of. A coin made out of gold will almost always sell for more than another coin made out of silver or a base metal. The next factor is the age. In general, older coins sell for more than newer coins. The next factor after that is rarity, coins that were not minted in great quantity are worth more than coins with several million were minted. The next factor is condition, cleaned, damaged and corroded coins sell for less than uncleaned, mint-state coins. And then the final factor is the design, coins with unattractive designs generally sell for less than coins with attractive designs in the eyes of collectors.
Are any US coins made since 1980 worth more than face value?
All proof coins minted since 1980 are worth more than face value. Most error coins which are worth more than face value.
Do banks buy gold coins?
Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.
Why is a 1945 penny worth so much?
Old coins are valuable because they're old and rare. The 1945 penny isn't worth remarkably more than other coins of its approximate age (in fact, it's worth a lot less than a 1944 steel penny, or a 1943 copper penny, both of which are extremely rare).
If 4 coins are worth more than 50 cents and less than 60 cents what could they be?
Either 2 quarters 2 pennies or 2 quarters, a penny and a nickel.
How much do coins weigh?
less than 1 pound Type your answer here...
Are coins from different countries worth more than their face values?
only coins that are made of poopoo
