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Why did coins replace other mediums of exchange? They had common value and were easy to steal. They were easy to make and difficult to use. They had high value and low weight. They had changing value and were hard to duplicate.
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The most logical answer is "They had changing value and were hard to duplicate.". Currency is always changing, and assuming youre studying a period where cotton, metal and printers were not widely available -- they were incredibly hard to duplicate. The reason why coins are not used as a common currency expect in low amounts is that theyre just not PRACTICAL! Coins get heavy very easily, cant be easily organized, etc.
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