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

2 Answers

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  • 1 decade ago
    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.

  • 1 decade ago

    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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