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<p>[QUOTE="mlov43, post: 26091278, member: 16729"]Multiples of 10 wouldn't bother me. "10" is a magic number. Like the metric system.</p><p><br /></p><p>South Korea did it in the early 1980s when the government there no longer gave nor received currency in units less than 10-Won <b><i>increments. </i></b>This was an effort to get rid of their Five-Won and One-Won coins. Their government also no longer figured taxes or utilities in unit increments below 10-Won. This mattered because at that time, Koreans commonly paid these bills in cash at their local banks. They didn't stop people from using the One-Won or Five-Won, or even remove them from circulation. Just the action of the government no longer figuring taxes and utilities below 10-Won seemed to have done the trick: Apparently, merchants followed suit voluntarily and those coins rapidly disappeared from circulation.</p><p><br /></p><p>They still make those two lower-value coins, but only for mint sets/gift sets.</p><p><br /></p><p>The best part of getting rid of the cent coins is that my Lincoln Cent collection will become worth a million dollars overnight.</p><p><br /></p><p>I'm stoked.[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 26091278, member: 16729"]Multiples of 10 wouldn't bother me. "10" is a magic number. Like the metric system. South Korea did it in the early 1980s when the government there no longer gave nor received currency in units less than 10-Won [B][I]increments. [/I][/B]This was an effort to get rid of their Five-Won and One-Won coins. Their government also no longer figured taxes or utilities in unit increments below 10-Won. This mattered because at that time, Koreans commonly paid these bills in cash at their local banks. They didn't stop people from using the One-Won or Five-Won, or even remove them from circulation. Just the action of the government no longer figuring taxes and utilities below 10-Won seemed to have done the trick: Apparently, merchants followed suit voluntarily and those coins rapidly disappeared from circulation. They still make those two lower-value coins, but only for mint sets/gift sets. The best part of getting rid of the cent coins is that my Lincoln Cent collection will become worth a million dollars overnight. I'm stoked.[/QUOTE]
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