Paper money is more convenient. It’s lighter, flexible, and smaller. I won’t have anything to do with dolalr coins. There’s good reasons why they fail where ever introduced unless the government also removes the paper equivalents. Paper money is superior for the users (that’s us), and the government is supposed to serve us.
I’m not against paper money. Only dollar bills. So ya gotta carry for Quarter-sized coins. Big deal!
“It costs the US government 4.2 cents to produce a U.S. bill. US currency bills are printed by the Bureau of Engraving and Printing (BEP). The BEP prints about 16,650,000 one dollar bills each day. Most of these are used to replace worn, older bills (which are shredded). According to the US Treasury, there are billions of one dollar bills in circulation.
LIFE SPAN: The average dollar bill has a life span of about 18-22 months.”
16,650,000 X 4.2cents = $ 699,300 a day! If using 365 days a year, that’s $255,244,500 per year, for something that gets shredded after 18 months.
(Did I do the math right? I’m rotten at math!)