What Makes a ‘Good’ Coin in Economics?

A good coin is one that people want to use and keep. Imagine you have a shiny new coin, but it’s so tiny and hard to hold that everyone prefers using paper money instead. That’s not a good coin! A good coin should be easy to carry, last a long time, and feel special when you get it.

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Examples

  1. A coin that breaks into pieces after being dropped is not a good coin.
  2. If your coin is so small you can’t see it, people might not want to use it.
  3. Coins with pictures of funny animals are more fun to carry around.

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Categories: Economics · Money,Currency,Coins,Economics Basics