About a decade ago, The Central Bank of the Philippines changed the metals used in producing the coins, because some people melted the coins and extracted metal that is more expensive than the value displayed on the coins. 🕵️♂️ Philippine coins used to be magnetic. 🤔
I think it's the other way around. The metal coin is easier to make and it is not easily damaged. Making Paper money is more complex as it requires serial, security features, and strengthening material. Just my thought =).
Yeah, didn't think about the security features... I also think it varies by country. Tell me if you find an evidence of either is them being the more expensive.
Yes, it will vary in different countries for sure. In the old days, our coins are made of silver which is more expensive now our coins are mere ordinary metal that sticks with the magnet. There were times when they use aluminum on the lower denomination.
About a decade ago, The Central Bank of the Philippines changed the metals used in producing the coins, because some people melted the coins and extracted metal that is more expensive than the value displayed on the coins. 🕵️♂️ Philippine coins used to be magnetic. 🤔
That's a troll move. But a logical troll move the government should've seen coming...
I think it's the other way around. The metal coin is easier to make and it is not easily damaged. Making Paper money is more complex as it requires serial, security features, and strengthening material. Just my thought =).
Posted via D.Buzz
Yeah, didn't think about the security features... I also think it varies by country. Tell me if you find an evidence of either is them being the more expensive.
Posted via D.Buzz
Yes, it will vary in different countries for sure. In the old days, our coins are made of silver which is more expensive now our coins are mere ordinary metal that sticks with the magnet. There were times when they use aluminum on the lower denomination.
Posted via D.Buzz