Why do $1 coins exist? Why are they making them now (those golden dollar coins)?

DigiDoc2007-10-11T21:28:12Z

Favorite Answer

The most mainstream reason is for parking meters.

Coins also outlive bills. Bills don't last very long in circulation, but coins can last a lifetime. The long term cost of coins is much cheaper then bills.

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Victoria2007-10-11T21:20:14Z

You mean Canadian loonies? It's because they're easier to use in vending machines and last longer than paper bills, I suppose.

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