How Do ‘Coins’ Stay in Circulation and What Happens to Old Ones?

Coins are like little superheroes that travel around in your wallet and the world. When they get too old or too dirty, they need to be replaced with new ones. Bankers take care of this by collecting all the worn-out coins and turning them into shiny new ones.

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Examples

  1. A worn-out penny gets tossed into a bin at the bank and turned into a shiny new one.
  2. Your favorite $1 coin gets used so much it becomes flat and gets sent to be recycled.
  3. You lose your lucky dime in a vending machine, but someone else finds it and uses it.

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Categories: Economics · money· currency· banking