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Evolution of Coins

  Today's April's Fool, but this article is not a joke.  The golden rule of managing personal finance is to refrain from using cash, so why should you keep coins? Why does the post matter to you?  Parenthood When your child goes to primary school, you need to give them pocket money.  Giving them a $2 note could mean putting all your money in one basket which can be worrisome.  So, most parents would normally give them coins to spread the risk and let them understand money concepts.  You might as well start your coin collection today. Hobbyist / Forced Savings This is quite iffy, as everyone has a different reason for collecting it.  For me, I wanted to collect coins hoping to fund my large ticket items in the future. It's quite bothersome for me as there is always a shortfall in my cash account during my monthly reconciliation. In addition, the lure of interest rates convinced me to give it up.  While others could be attracted by the scarcity of c...