Message:

<p>[QUOTE=&quot;CoinKeeper, post: 1438020, member: 16707&quot;]Okay, several flaws in your argument here. First of all, machinery for both coins and paper money costs money and both are fairly complex. I would argue that the machinery alone for paper money would cost more since there are many layers of paper and features that need to be added whereas circulation coins simply need to be punched. Many of these processes are automated, and the individuals that do work for them are federally employed and have excellent benefits beyond the average of similar workers in the private sector. Also, coins cost 2.7 times more to make then paper money, but if your factor in the cost over 20 years, <b>coins are cheaper by 7.5 times! </b>According to the Ottawa Sun (Canadian newspaper: <a href="http://m.ottawasun.com/2012/05/02/bank-of-canada-unveils-new-polymer-20" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://m.ottawasun.com/2012/05/02/bank-of-canada-unveils-new-polymer-20" rel="nofollow">http://m.ottawasun.com/2012/05/02/bank-of-canada-unveils-new-polymer-20</a>) polymer notes cost 19 cents to manufacture so they are 3.2 times more expensive than paper bills, but they last 2.5 times longer so in the end the lifetime cost of paper notes compared to polymer is negligible. In conclusion, it costs 6.8 times more to produce a polymer bill than a coin, and 7.5 times more to produce a paper bill than a coin. So...coins are a much better choice economically speaking.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in