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ActivisionBlizzard t1_j1moolj wrote

Reply to comment by chicomathmom in Tiny, 'beautiful' endangered turtle hatchlings spotted in the wild for first time in four years by Sariel007

TIL America doesn’t have this logical division of 100

(And yes my country doesn’t have your logical division)

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budgreenbud t1_j1n46sm wrote

But is it cheaper to mint four coins for a dollar rather than 5? Or is the cost negligible?

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ActivisionBlizzard t1_j1neqjp wrote

Logic would say it’s cheaper. Reality would say it depends on the alloy and size.

I don’t think the government is concerned about the cost of minting. Coins generally all cost more than the face value and notes wayyyyyy less.

The amount of currency that the government creates minus the cost is called the seigniorage amount.

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cammoblammo t1_j1ohhbb wrote

Not sure. But a twenty cent coin weighs exactly twice as much as a ten cent coin, which means you can mix those denominations and still count them with scales.

Not that the staff at a bank would be happy with you for doing this, but it’s kinda neat.

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