Why do banknotes have a higher nominal value than coins?

Question

Why do banknotes have a higher nominal value than coins?

In: 2

Answer 1

This cannot be the real reason but I always figured it’s because coins are easier to lose? We used to print notes and bills super large but I think eventually people got used to carrying them around and we learnt their importance (invented wallets etc) so the notes and bills started to shrink. I only say notes AND bills because they’re used interchangeably for cash in different countries.