Coins or notes?

Notes...

Or coins...

Most people prefer notes as they are much lighter and mean more. It isn't really the most fair argument because we don't really need coins, but I think they're special in their own way. However, maybe if we look at it from a different way we could see that it is worth having them.

When we handle coins, they feel worth something. We as humans feel like we have something special, made of a cool material. Money is precious, and like I've said in my other post on people spending to much, we are right to look after it. The material helps us to treat money how it should be treated and be aware of how we spend it. It also helps us spend money in small amounts, stopping us - especially older children who can use it on dangerous things - from buying terrible products. Coins are also harder to copy and make and money as you might not have the materials or machines.

On the other hand, notes are much lighter and don't destroy as many natural resources. They are just so much more practical! They mean more, using much less. They represent gold in the bank, and they do it well. The world is changing very much but maybe it's time to say goodbye to the old coins. We have cash now so we probably won't be using notes THAT much longer any way. Coins have had their turn and now they should move on. If we didn't change in this planet then we may as well still be trading two tomatoes for a pair of gloves. Notes is the way to go.

If you think about it, it is quite useful to have a coin or two when you need an exact price. If we didn't have coins, then people would be giving each other £50 change! But without notes, when you pay for a twenty pound pair of jeans, the people at the shop don't want individual pounds. They want it in one big chunk of on your card. I think that we need a balance of both and then a fair bit of card. I am curious to find out more about the financial crisis in 2008 and look at it from this angle. Thank you for reading: hope you enjoyed and comment...

Comments (12)

  • Olivia-Avatar.jpg Olivia @ the BNC
    09 Nov 2018

    I think you make a really interesting point about the tangible nature of money and how this adds to its worth. You've also shown great open-mindedness by thinking about both sides of the argument. I'm curious to find out more about this. Are there any societies that only use notes or only use coins? I wonder whether this makes a difference or if people just get used to what's in circulation...

    Reply to this comment
    1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      Olivia @ the BNC's comment 12 Nov 2018

      Hi I'm replying to all of you really. I think that when coins were first introduced then people would have been really excited and using them lots. Then of course when notes were first introduced then people would have been crazy about them. I guess it just depends on what you want to buy as then you can buy small things (like sweets) and big things (like clothes) with the right amount. The only other thing is that people may stop cash now and just use their card. It is much quicker and uses much less of the world's natural resources.

      Reply to this comment
  • Boutcher-logo-250x250.jpg content_lemon | Boutcher C of E Primary School
    09 Nov 2018

    I concur with your point of view...
    I do think that many people prefer notes, as they are easier to carry around; lightweight and easy to calculate, but at the same time, I feel coins are being made with better and better designs and material. Maybe it's that it's as if 1 and 2 pound coins are made of gold, or just the feeling of it.

    One reason coins are better is that you can use them to spend less money, and pay for small things (sweets etc.) unlike notes, which are used to pay masses of amounts. HOWEVER they do cause a fair bit of noise when trying to search for them, and are hard to find in your purse without rummaging for a good 5-10 minutes.

    On the other hand, notes are very lightweight, as I have mentioned before, and are easy to find, yet again referring to the example with the purse. HOWEVER you cannot pay for something that's a small amount, so you end up getting change: COINS*! *usually* so this is another example why coins are necessary!

    Reply to this comment
  • St-Edwards-logo-250x250.jpg chatty_temperature | St Edward's Catholic Primary School
    10 Nov 2018

    I would use notes because with notes you can buy more and what I mean by that is that on notes you can have £5,£10,£20 ,£50 and more.

    Reply to this comment
  • Boutcher-logo-250x250.jpg content_lemon | Boutcher C of E Primary School
    15 Nov 2018

    I like how you put this @impartial_panda_bear! I enjoyed reading this and think it's really quite an interesting topic to think about...

    Reply to this comment
    1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      content_lemon's comment 16 Nov 2018

      Thanks co tent lemon, I'm glad you agree. I spent quite a long time looking at ways to see money differently from how you first see it. Personally, my first impression of money is...
      • Something that adults deal with
      • Something that can cause problems
      • Something that can depress people and although I have learnt that depression is a serious mental health problem, my research shows that money is quite a big part of that problem.
      As you can see, my first impressions of money at aren't great. So you agree with me for looking at it this way???

      Reply to this comment
  • The-Ruth-Gorse-logo-250x250.jpg balanced_singer | The Ruth Gorse Academy
    19 Nov 2018

    Notes could be better than coins because they're worth more than coins, so you can buy a lot more things using notes. For example, Bob had a twenty-pound note in his pocket. He was going to the shops to buy some snacks; he bought some biscuits for three pounds, a six-pack of crisps for five pounds and a large chocolate cake for ten pounds. Bob had come back home with seven pounds in his pocket: so using that one, twenty-pound note Bob could buy three things. Coins can sometimes be confusing because you've got to count up the different amounts(and all coins are worth different amounts.)
    However, coins can be useful because if you want to buy something small-like a ride on the bus-you can easily just take out a fifty pence coin and give it to the bus driver.
    Overall I think that bank notes are a lot better than coins because of their value and also because of how many countries use them. Including The United Kingdom, Bangladesh, and Mexico.

    Reply to this comment
    1. Olivia-Avatar.jpg Olivia @ the BNC
      balanced_singer's comment 19 Nov 2018

      Great reasoning shown. Well done!

      Reply to this comment
    2. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      balanced_singer's comment 19 Nov 2018

      I guess so, but coins are useful (as you said) because of how easily they are used for smaller things. I think you are right about notes being better because of the same reasons and more. Coins weigh you down a lot more ( literally!) But I'm maybe coins are better for children when they use money. They won't waste money on dangerous or stupid things, because THEY CAN'T!!! If course you are very right but if you want to give your child pocket money so they can buy things like sweets but don't want them to use the money on things like fireworks that are dangerous, then you can give them a couple of pounds and BOOM! That's two issues solved that I have done a post on that you might want to check out. What do you think???

      Reply to this comment
  • Tiff-Avatar.jpg Tiff @ the BNC
    20 Nov 2018

    Many people in the UK have bank cards (debit). These cards can be used to buy things online, in shops, on some public transport etc. The card is used to take money out of your account and put it into another place immediately.

    What are the benefits of debit cards over coins and notes? What situations might there be when you need on or the other?

    Reply to this comment
  • Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
    20 Nov 2018

    Bank cards are very useful to transfer things quickly and save people a lot of bother. However, in my opinion they may be quite risky if they get into the wrong hands. They are so light so people wouldn't notice they were gone until of course you get onto a bus and find you don't have one. Coins and notes are useful for places with no card machines or shops where things only cost 50p or something. Why use you bank card for that???

    Reply to this comment
    1. Tiff-Avatar.jpg Tiff @ the BNC
      impartial_panda_bear's comment 20 Nov 2018

      Some people might say carry a card is more safe than money because you usually have to have a pin number to use it for large amounts. But, online fraud is a growing problem.

      Reply to this comment

You must be logged in to post a comment