Steel is cheap. Copper, zinc, nickel, brass and especially silver are rather expensive.
Many world coins up to about 10-50c are steel plated copper or similar.
Most of the world considers it unacceptable to have a coin that costs more to manufacture than it is worth, let alone have just the raw materials cost that much. Smaller coins have often been simply removed.
In the US, on the other hand, apparently the zinc industry is able to force the continued expensive existence of the penny.
The issue with the penny is that they have a powerful lobby. Not many people care enough about them to write their representatives about the issue. Let alone even email them.
Not sure what’s keeping the $1 bill around though.
Back in her college days, which would have been in like… idk the 70s? She and her catholic college girlfriends would donate blood and go drinking, because the smaller volume of blood made them get drunk faster.
They would then go to the male dancer strip club, and put quarters in the dancers g-strings to see if they could make it fall down.
She never said whether they succeeded or not…
But coins as tips for dancers are banned in clubs now because they are a major falling hazard. Especially for dancers in nosebleed heals with little ground-contacting surface area. You’ll definitely get tossed out of you try it
Steel is cheap. Copper, zinc, nickel, brass and especially silver are rather expensive.
Many world coins up to about 10-50c are steel plated copper or similar.
Most of the world considers it unacceptable to have a coin that costs more to manufacture than it is worth, let alone have just the raw materials cost that much. Smaller coins have often been simply removed.
In the US, on the other hand, apparently the zinc industry is able to force the continued expensive existence of the penny.
The issue with the penny is that they have a powerful lobby. Not many people care enough about them to write their representatives about the issue. Let alone even email them.
Not sure what’s keeping the $1 bill around though.
Strippers still make bank on dudes slipping a dollar in their g-string.
Dollar coins could make for a lucrative show.
My mom once told me a story.
Back in her college days, which would have been in like… idk the 70s? She and her catholic college girlfriends would donate blood and go drinking, because the smaller volume of blood made them get drunk faster.
They would then go to the male dancer strip club, and put quarters in the dancers g-strings to see if they could make it fall down.
She never said whether they succeeded or not…
But coins as tips for dancers are banned in clubs now because they are a major falling hazard. Especially for dancers in nosebleed heals with little ground-contacting surface area. You’ll definitely get tossed out of you try it
I no joke had a stripper respond to me saying I’m out of dollars by saying ‘oh it’s ok honey you can make it hail’
She was hilarious
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Single dollar bills are actually useful?
Compare the last time you’ve used pennies for .57c vs. dollars for $7
Most of the rest of the world moved the roughly $1 to $2 values to coins rather than bills/notes.
Wait so do people actually try to slip loonies into strippers’ thongs? How does that work?
For the authentic US experience, I’ve heard some clubs print their own $1 house currency, which the ATMs/bar staff sells.
I’m sure the strippers would love to be paid in fivers, though.
Strip clubs.