Coined For Money: Round-Up Nov. 26-Dec. 2, 2012

When they stop making coins then you can get concerned. The links this week are just two examples of governments versus coins.

A rare Korean coin goes to auction. It was made right before Japan took over and after most were melted.

Again the U.S. is considering eliminating the dollar bill for dollar coins. Things to consider...

• In the U.K. and Canada the coins replaced the bills at a 1.6 to 1.0 ratio, meaning increased money "printing".
• $4.4 billion in projected saving is based on 4.7 years dollar bill lifespan. As we go cashless this would increase.
• The Feds make a 95% profit of bills and 0% of the coins.
• Cost is cheaper for coins when considering recycling but if no one uses them they cannot be recycled.
• All countries that use dollar coins spent a lot on advertising and education, the U.S. would spend much more since we have more people.

Dimes are commonly being made with misalignment errors and I found another.