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Pillar of the Community
Canada
2805 Posts |
Bimetallic coins seem to be used for the highest, most expensive denominations nowadays - Canada $2, £2, €2, etc.
On the other hand, many other countries use(d) valuable monometallics - Norway 20kr, Swiss 5 CHF, Japan 500 yen, Australia $2, Germany 5 mark, and the like. Are bimetallic coins more difficult to fake? Does Australia take a bigger risk in vending machines with a fairly plain $2 coin?
Then we have countries where bimetallics are enthusiastically used in low denominations: Mexico 1 peso, Turkey 50 kurus, Syria 25 pounds, etc. Do they lose money on this? How expensive is a bimetallic coin to make, really? After all, many bimetallic coins are replaced by monometallic versions to save cost, so there must be some added cost involved. Do we know how much?
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