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Posted 10/15/2017 11:54 am
If 2 cent pieces were IN circulation, or if they were to introduce 2 cent pieces into circulation? The two ideas are totally different.
If they were IN circulation, we probably would have grown up with them, patterns of use would be firmly established, and they would seem perfectly normal.
To introduce them would cause disruption at first until usage patterns could be established. It would take time, there would be resistance to their use (As a rule people tend to resist changing their ways) and unless there was a good demonstrable advantage to their use they would probably fail. The small size dollar is a good example of this. There is a demonstrable advantage to them, long term lower cost of production and use, but the continued issuance of the dollar note with it's advantage of lighter weight, convenience, short term cost saving, and familiarity negates the dollar coins advantages and the dollar coin fails. If both are produced the coins advantages do not outweigh the notes advantages. So as long as the note is produced the coin cannot succeed.
If they were IN circulation, we probably would have grown up with them, patterns of use would be firmly established, and they would seem perfectly normal.
To introduce them would cause disruption at first until usage patterns could be established. It would take time, there would be resistance to their use (As a rule people tend to resist changing their ways) and unless there was a good demonstrable advantage to their use they would probably fail. The small size dollar is a good example of this. There is a demonstrable advantage to them, long term lower cost of production and use, but the continued issuance of the dollar note with it's advantage of lighter weight, convenience, short term cost saving, and familiarity negates the dollar coins advantages and the dollar coin fails. If both are produced the coins advantages do not outweigh the notes advantages. So as long as the note is produced the coin cannot succeed.
Edited by Conder101
10/15/2017 11:55 am
10/15/2017 11:55 am
