Cost of money

It could not be notes otherwise the US government would be minting instead of Printing
Seriously tho coins are more expensive to produce but they will out live a note 100 fold so in the long run they are the most cost effective way to produce currency for commerce.
Anyway a coin has an intrinsic value no matter how small whereas a note is only paper or plastic (
polymer ) and has no intrinsic value whatsoever.

Banknotes are a relatively new phenomena as far as money goes.
China used paper money from 806AD to 1455 due to a shortage of copper, in the mid 1600's Europe and America started to use paper money that was tied to the price of gold/silver, This is NO longer the case.
For centuries coins were the main form of money because they had an inherent value due to their metal composition.
In the mid 40's silver was debased in most countries and in the 60's was removed from circulation altogether.
At the end of the day our money is only as good as our governments promises are.
That to me is a little bit scary

Australian polymer notes are more expensive than American paper notes, but they're still cheaper than coins. especially given that coins with as high a face value as AU$5 need all kinds of fancy security things on them and in them to deter counterfeiting, which all adds to the cost of production. By comparison, adding anti-counterfeiting mechanisms to notes is relatively cheap and painless.

Back in the 1990s, the Mint was lobbying to replace the paper $5 note with a bimetallic coin. In the end the government opted to replace the paper $5 note with the polymer $5 note instead, at least partly because it was cheaper.

I assume that is because coins cost more to make than notes. It is true that coins in the past were made of precious metals so that their intrinsic value was close to their face value. The original English term "one pound" referred to a pound of silver.

That's all changed now though. Modern money effectively has no intrinsic value. It's all just a promise to pay the bearer.

Will we be collecting screen shots of our accounts online?

We'll know you're hooked when you transfer 47 cents so you can achieve a 6 digit radar lol

I just find it interesting that something that costs so much to make (coins) have far greater less value than notes.