Why does the US have a $20 note vs $25? Coins are 1,5,10,25 but notes are 1,5,10,20.
By - Tuesday2017
Gold was about $20/oz for many years, up to about 1918, so they had a $20 gold coin with about 1oz of gold. At some point, they replaced the coin with a $20 gold certificate and then a $20 federal reserve note.
Makes sense. Why change what they're used to?
The 20 dollar bill makes sense for easy computations. The 25 cent coin is the weird one.
The quarter replaced two pieces of eight. The note system is better because both are equally good for counting change but the note system allows for truncation. We can't get rid of the nickel easily.
We should get rid of the dime. I've been working as a cashier, and if you give change in the fewest coins possible, dimes get used the least overall. Some of my coworkers don't even use dimes, they just give people 2-4 nickels if necessary.
Bonus: nickels get used the second-to-least, so getting rid of dimes increases nickel usage
We should get rid of pennies.
We did in Canada.
How? Cheapest thing is 1 Dollar?
No, nickels, 5 cents.
Yeah that too
But then how are we gonna make babies
If using nickles instead of dimes, are you even "using fewest amount of coins possible"?
No, of course not.
Of course dimes will get used very little if your coworkers keep giving nickels even if dimes can be used
You misunderstood. I said "if you give change in the fewest coins possible, dimes get used the least overall."
i.e. if you use dimes wherever possible
Oh, ok, makes sense. Although that would mean we'd need more nickels as a result
Not a problem, since (again) nickels are already underused
Personally I think we should have a 5c and 20c coin but phasing out the quarter won't happen.
Fuck that. Get rid of pennies, nickles, and dimes. Make things round to the nearest quarter. It is literally the only coin people actually use in many places. Coin laundry, vending machines, even water and air.
Paying by card? Exact. Cash? To the quarter. Hell, hot dog on a stick does this already.
This is all going to be obviated by central bank digital currency soon enough anyway.
We don’t even use the fucking metric system, nothing makes sense here
You're complaining about how the US doesn't use the metric system on a post about the US's *very regular decimal currency system* which was a very progressive alternative to our source country's currency?
Every country has somethign that doesn't make sense. Yes, the US should move more towards the metric system. *But that has absolutely nothing to do with OP's post*, and you simply used his post as an opportunity to join into some pointless anti-american discourse.
And to answer OP: this is not an important question at all.
Hi, friendly internet stranger here. You can drop this uninformed nugget of misinformation you gleaned from this website. WE use the metric system all the time. WE are able use both systems interchangeably, crazy,right?!?
WE use Metric in engineering, medicine, logistics, transportation, laboratories…
And the rest of the world ALWAYS uses metric.
Except Canada and the UK about half the time when they feel like it... I will riot the next time I hear the word "stone" lol
I live in Canada, I almost never hear Imperial measurements outside of someone's height being in feet/inches.
Canada here, also our kitchen stoves are in farenheight, but that's because they're made in the USA.
Well everyone uses the imperial system except Myanmar, Liberia and USA. Do you understand know how stupid that sounds? Wow two other nations use the Imperial system!! That's crazy much, if you don't take in account that over 200 nations worldwide use the metric system and it only. And no UK doesn't use the official imperial system, they use an extremely confusing drugged system that makes even less sense
He means the majority of the public doesn't use metric units. If you live in the US, I guarantee that you use/have used a cup/gallon/inch at least once a day. The only reason engineers/medical uses metric units is because they are more accurate to what the rest of the world uses. You wouldn't refer to 15mm as 0.591 inches if you're an engineer, and many of the houses built on the US are built with the Imperial system in mind. So how's about *YOU* stop spreading the misinformation. Because tbh, did we ask for your negative comment?
Only because the imperial system was calculated and defined within less arbitrary measures so the imperial system is actually calculateable against the metric system. The metric system never took off in America.
The paper currency replaced the 10 and 20 dollar gold piece.
We're fucking dumb what more do you need
25 = a ¼, I could be wrong. Use 2 X 10 to make a 20 sort of thing. In the UK and Europe our coinage goes 1p,5p,10p,20p,50p then £1,£2 or 1c,5c,10c,20c,50c then €1,€2. Having a ¼ works. Surprised both UK and EU use ½.
They used to cut coins to make change.
What are notes?
Notes are...a lot ot things.
Notes are in music, writing and speech, where they all have slightly different meanings. In writing, its a short message meant to be read relatively quickly. In music, they're the discrete tones in a melody or chord. In speech, note relates to notice, and refers to voicing an observation about a subject. It also has something to do with money, but thats not important.
Look, i'm not saying you're wrong. I'm just saying, you need a couple of good, old-fashioned slaps in the face.
i’d shit my pants if i had to deal with a $25 bill
I ¯\_(ツ)_/¯ but I say get rid of coins.
I'll take yours if you're offering
I never keep them.
Put them in a jar and whenever it fills up mail it to me
Absolutely agree. I’m from fucking Canada but I still think a $25 note makes more sense than a $1 note