The importance of coinage in banking industry

It is the best way for me to save money. It is part of our countries heritage and therefore should never be done away with. Not sure how an ecomomy would be if things were always an even amount. Sure would be different and then I would have to figure out how to save better.

Coins in the early days represent the authority of rulers, and the handiness of the token that used to represent a certain amount of precious crops or animals (grains, sheep ...etc)in exchange for another crop or produce, or given to people who are loyal to the king or ruler. Hence the old coins (we call them antiques) are precious as those were made of real gold or silver. Now, coins are minted out of metals with lower quality than gold or silver because of the devaluation of one country's money in the world market. Coins are still issued to represent the authority of the issuing government, and, unlike paper currency, the denominations are lower, because low-quality metals are lower in value than the paper used in printing currency. Coins are important for proper valuation of goods, services, and properties. For me, personally, i value coins because these are the ones preferred by my first grader for his daily allowance in school.

its vital

Simply coinage is the right or process of making coins.Also known a system of metal currency.