Monday, August 30, 2010

Loose Change

I'm sure someone has posted this somewhere before, but I've been curious about the number of different coins I need to carry around to ensure I can always reach the exact change for any amount between 5c and $5 (in Australia 5c is the lowest denomination of coin). Tonight I decided to work out a set of coins I would be happy carrying around if minimising the weight of my wallet ever actually becomes important to me. Interestingly, the weight/value ratio of 5 (0.566g/c), 10 (0.565g/c) and 20 (0.565g/c) cent pieces is so similar that it doesn't really matter (on a weight/value basis) which of these is chosen. On the other hand, I also dislike carrying large numbers of coins, so I came up with this combination of coins:

  • 2 × $2 (13.2g)

  • $1 (9g)

  • 50c (15.55g)

  • 2 × 20c (22.6g)

  • 10c (5.65g)

  • 5c (2.83g)


This gives a total of 8 coins, adding up to $6.05 and weighing 68.83g total. Replacing a $2 coin with a $1 coin will give you the same flexibility while carrying around one dollar less, but you'll also be carrying 2.4g more (according to the source of all knowledge).

2 comments:

  1. I could probably get away with swapping one of the 20c coins out for a NZ 20c coin; unless I check closely, I don't notice the difference. so I assume no-one else does either.

    ReplyDelete

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