Small Change: Subjective Valuation of Coins and Paper Money

Eric Dolansky, Brock University, Canada
There is a great deal of recent research into individuals’ subjective valuation of money. One area that has yet to be adequately examined is how the form of money (coins or bills) affects the subjective value. One experiment demonstrates that all else being equal, coins are valued less than bills.
[ to cite ]:
Eric Dolansky (2011) ,"Small Change: Subjective Valuation of Coins and Paper Money", in NA - Advances in Consumer Research Volume 38, eds. Darren W. Dahl, Gita V. Johar, and Stijn M.J. van Osselaer, Duluth, MN : Association for Consumer Research.