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Will Coins Be Replaced With Paper Money Some Day ?

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Valued Member
ARcoins's Avatar
United States
280 Posts
 Posted 07/31/2016  12:16 pm Show Profile   Bookmark this topic Add ARcoins to your friends list Get a Link to this Message Number of Subscribers
If coins were eliminated altogether,(perish the thought !), What paper money denominations would make the most sense ? If the US used paper money only, Keeping the $1, 5, 10, 20 & $100, ( eliminate the $50 - Than add a 25 cent full size banknote to replace the quarter. Eliminating the cent,(as Canada has done), add a full size 5 cent note (Americans would not want small size notes). Or round to nearest dime & use only a 10 cent and 25 cent note, as half dollars are rarely used & if Canada rounds to nearest nickel, why not nearest dime ? Just thinking.

Will-Coins-Be-Replaced-With-Paper-Money-Some-Day-?

Will-Coins-Be-Replaced-With-Paper-Money-Some-Day-?

Will-Coins-Be-Replaced-With-Paper-Money-Some-Day-?
Valued Member
Italy
78 Posts
 Posted 07/31/2016  2:08 pm  Show Profile   Bookmark this reply Add Burkhard to your friends list Get a Link to this Reply
I don't think coins will disappear completely from circulation. Perhaps one day banknotes will.
Metal coins last longer and are more profitable for govs to produce. Just look at how fast $1 notes circulates and worns down. When we will go cashless we probably just use electronic money and a few coins.
IMO here in Europe any coin under 20 cents has no real role in commerce.
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IndianGoldEagle's Avatar
United States
36906 Posts
 Posted 08/01/2016  1:12 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Chances are it will be a digital currency with no coins or notes.
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Andrew99's Avatar
United States
1533 Posts
 Posted 08/01/2016  2:12 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Plastic is the new paper. No, I don't think we will see a return of fractional currency.
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