Question

Why were coins of low value printed in
large quantities​

Answer 1

Answer:

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Explanation:

Why were coins of low value printed in large quantities?

There are times that coins are created that are supposed to change everything. An example of this is the Susan B Anthony dollar coin. Vending machines were made to accept this coin and it was going to help take us away from the paper dollar bill and the much larger Eisenhower dollar coin.

Because of the hype, there was a huge amount of this coin minted. Upon release to the public, the coin was immediately disliked. The public felt that the coin too closely resembled the quarter and they weren’t ready to embrace it. That stopped the government from pushing the rest of the coins on the market.

I remember, there was a certain minting of the Susan B Anthony coin that had inherent value because of the halt upon releasing further coins. That made that particular coin sought after. However, the risk was that if the rest of the coins of that minting were released, the value of that particular coin would drop back down to face value.

So the answer to your question is that there are times when a new style of coin comes out that the government thinks is gong to revolutionize the way we spend money. They produce that coin in great numbers in that anticipation. The Susan B Anthony flopped because of the similarity of that of the quarter. Another one was the gold colored Sacagawea dollar coin. That particular coin didn’t hold up well to regular use and deteriorated very quickly.

However, our Canadian neighbors developed the one dollar and two dollar coins called the loony and the toony by the people. It was an attempt to get away from the one dollar and two dollar paper notes. it worked. These coins are heavily used in Canada.

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Answer 2

Answer:

why we're coins of low value

print in larger value