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A comment on The new £1 Coin. Parent comment

Re:The new £1 Coin by pdog on Monday March 27, 2017 @08:11AM (#13966999)
The societal cost of counterfeiting goes far beyond the nominal value of the fake coins in circulation (approximately one in thirty one pound coins is a counterfeit).
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Re:The new £1 Coin by jessriedel on Monday March 27, 2017 @08:53AM (#13967244)
Yea, it would be a bit like conflating the nominal value of currency in circulation and the actual value to society of having physical currency at all. There are huge multiplier effects.
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Re:The new £1 Coin by kpil on Monday March 27, 2017 @01:11PM (#13969604)
I used some coins today. It was probably the first time in a year I used cash...

While I see the value of failsafe money (except it really isn't) I think the returns are diminishing...

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