South Korea closer to becoming cashless

Discussion in 'World Coins' started by Rushmore, Jun 17, 2017.

  1. Rushmore

    Rushmore Coin Addict

    Last edited by a moderator: Jun 17, 2017
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  3. mlov43

    mlov43 주화 수집가

    Another fact that sometimes gets mentioned is the surprisingly low "collection rate" of the lower-denomination coins, such as the 10 Won coin. That one is 3.7% (in 2014), which means that when 100 of the coins are issued into the market, less than four are recovered by the Bank of Korea.
     
  4. cladking

    cladking Coin Collector

    The problem isn't "coins".

    The problem is that countries are making coins that have no value and are merely are nuisance.

    If we had $5 and $1 coins with nothing smaller than about 10c they wouldn't be a nuisance.
     
    mlov43 likes this.
  5. chrisild

    chrisild Coin Collector

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