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Message:: [QUOTE="10gary22, post: 904283, member: 23626"]The reason we have fractional currency as in coins is for taxation. If the smallest unit of money is $1 such as a paper bill, then the minimum tax collected on a purchase must be $1. So cheaper items must then be taxed 100%. Add coins into the mix and taxes can be whatever. I realize that fractional currency can be paper, but there are costs involved with that too, not to mention the problem of counterfeiting. Especially with today's technology, bills need to be provided with anti counterfeiting techniques that raise the cost. I truly feel coinage will remain for years and years to come. Our government even mints coins not intended for circulation. That means there is issued currency that is "forced savings", never used in business. The greater number of varieties minted means the greater amount of money that is hoarded. Of course the higher demonation of the coin equates to the greater amount of currency that is squirreled away. If $500,000,000 face of "collectible" coins are minted at a cost of $10,000,000, the government can pay for a good portion of the process of minting business strike coins. I think that is why we are seeing so many varieties today and will continue to in the future. IMHO[/QUOTE]