a 3 dollar coin? that's kinda random...Theo you live in Canada!? where at?

You lot want *more* coins? Now there's an odd one

whats the advantage of coins over paper money? why do governments like making minting coins?

yeah, but the US prints $1 coins all teh[darn] time, and theres always talk about adding more coins, why do governments do it?

how is that relevant? doesnt that just mean that making more money is a more expensive process, making it less efficient.

I'm in Kitchener...about an hour outside of Toronto.

Coins are "superior" to bills from a production point of view because you don't need to make as many. Bills wear out and need to be replaced pretty quickly. Coins last for a long time. So you don't need to make as many. In other words, they're cheaper over the long haul.

omfg, does nobody but justinian realise that this is an april fool...

$3 coin...hehe.

the U.S one dollar coin will be phased out.   a long time ago the U.S. tries to phase out the one dollar paper bills by making one dollar coins, i think you know the coins, the ones with susan b anthony on them.  we it was a watse of money cuz stupid ppl thought they would be worth something and started to save them! idiots!

now the new coins have i beleive john adams and there is no date of minting on the new coins.  to prevent the hopeful collecting bastards from keeping these one, the government only releases coins into the market by trading them to banks from deterierated paper bills. the difference now is that the last time, the banks purchased these coins they paid for them with any paper bill, the new ones can only be traded with one dollar bills that would normally be sent to be burned and the government seized all paper one dollar production.

the benefits of coinage:

the use of coin money of larger value than a dollar is to reduce inflation and the cost to replace damaged paper money.  since the U.S. dollar is worthless to the world economy atm, it would actualy cost more money to make paper dollars and distribute them than the dollar is actually worth!!!

NOTE: for those of you would may not understand and still have an IC mentality,  just think of it as your bureaucracy being enormously larger than your net income!!

haha, missed the april fools thing. I guess you WERE kidding. That's a relief

lol Ehawk

I actually collect coins. Never thought I would, but I try to collect coins from as many nationalities as I can. I want to give them to my kids when I have some.