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<p>[QUOTE=&quot;chrisild, post: 2727976, member: 39&quot;]Making coins the way it is done in South Korea is indeed a waste of money in my opinion. The denomination with the highest value is the 500 won coin, I think, and that is worth about €0.40 or $0.44 ...</p><p><br /></p><p>Coins last longer than paper money of course, but there is also the cost of handling them. Stores need to have a supply, and bringing that in and out costs money. So I could well imagine that countries such as Korea or the US - where the highest denomination in everyday use is $0.25 - become &quot;coinless&quot; before they become cashless. The funny thing is, from what I have read about those Korean plans, the reason for them is not that coins are on the way out anyway - no, the total coin volume has actually been increasing: 3.4% last year.</p><p><br /></p><p>But if the idea of doing away with coins stimulates the numismatic market, great! The only question or doubt I have is, once coins are gone and not a visible part of everyday life any more, would people still be interested in collecting them? Some certainly will, but getting &quot;introduced&quot; to the hobby may be more difficult.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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