Why do bills have higher denomination than coins?

Question

I think that making fake coins would be more difficult and more expensive than making fake bills. This would discourage people from making fake money.

Answer 1

That's an interesting question! But, how would you like to carry around a packetful or purseful of coins? What if you got $15 in dollar coins--that would be really heavy. Even the dollar coins in the last 25 years or so (Eisenhower, Susan B. Anthony, Sacagewea, and the new one) have not been a hit with people--they just don't want the extra weight. Also, they would have to be many different sizes--the dollar coin is too close to a quarter. I've given a dollar several times as a tip thinking it was a quarter.

The new dollars have very elaborate anti-counterfeiting features, making it more difficult than ever to make fake ones. Let's hope that helps.

Answer 2

But the original question refers to why there aren't coins with higher denominations. Say, instead of paying a $10 for a sack of rice with a 10 dollar bill, just paying it with a 10 dollar coin.

If you think of it, a 10 dollar coin would be smaller than it's bill counterpart. Having 100 dollar coins would be certainly really cool.

Answer 3

This would also discourage people to get more money lol. It's because bills are more convenient to carry. Imagine in a market you will have to carry a sack of coins to buy sack of rice.

Answer 4

Doubtful. Just because printing counterfit bills is easier for small time crooks doesnt mean that minting coins would be more difficult for big time counterfiters. There are more security devices able to be implemented into bills. Also nobody wants to carry around coinage, it weighs too much.

Answer 5

coins came first, and in ancient times, such as in Rome, the coins were worth their weight in gold, because they were made of gold- same thing in early america (those big gold things that they sell on tv nowadays)
of course, if you wanted to carry around, say, 100 dollars worth of gold, then that's pretty heavy, so the size and worth of coins were pretty limited.
Then they came up with paper bills for big denominations
However, later on America started using fiat money, which is not money worth its weight in gold, and therefore were made of things like nickel and copper
sry if this is confusing I'm very lazy

Answer 6

i think of its to save funds. like if a penny grew to become into the dimensions of a a million/2 dolllar it would value greater to make it. the a million/2 greenback is its length becuase its a a million/2 greenback. no longer a a million/4 greenback. value and weight, i think of play a function in funds.

Answer 7

are you kidding, weight,