World of Coins

Design and designing => Coin characteristics => Topic started by: <k> on December 10, 2012, 09:18:02 PM

Title: Fractional units
Post by: <k> on December 10, 2012, 09:18:02 PM
Currencies usually have units and sub-units, e.g. dollar and cents, or pounds, shillings and pence (or just pounds and pence nowadays), where dollars and pounds are the units and the smaller denominations are the sub-units. There are two ways of naming your lower denominations: either as a sub-unit, or as a fractional unit: 50 pence is a sub-unit, but a half pound is a fractional unit. Which countries have preferred the fractional unit? That is what this topic is about.

See also: Fractional sub-units (http://www.worldofcoins.eu/forum/index.php/topic,19186.0.html)
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 09:18:39 PM
(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=3526.0;attach=3577;image)

Jordan, half dinar.
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 09:19:09 PM
(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=43347.0;attach=83979;image)

Morocco, half dirham.

 
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 09:20:53 PM
Mauritius: quarter rupee and half rupee.



(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=18765.0;attach=29917;image)



(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=10882.0;attach=72158;image)

 
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 09:23:30 PM
Albania, quarter lek and half lek, 1926.



(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=11352.0;attach=72981;image)



(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=11352.0;attach=72983;image)
 
 
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 10:13:15 PM
Albania under Italian occupation. 0.05 and 0.10 lek, 1940.
Title: Re: Fractional units
Post by: <k> on December 10, 2012, 10:40:05 PM
Mauritania, 1/5 ouguiya, 1973.
Title: Re: Fractional units
Post by: chrisild on December 10, 2012, 11:12:32 PM
Interim comment ;) without images: Some countries use a mix of both. That is, lower denominations use "full sub-units" while the somewhat higher ones are fractional (main) units.

Switzerland for example has "1/2 Fr" coins; below that there are 20, 10 and 5 ct/rp coins. In the Netherlands they had a 1/2 Gulden coin until the early 1930s (the denomination was then dropped). The Deutsches Reich had a 1/2 Mark coin between 1905 and 1919. And the US has 1/4 dollar (no digits) and 1/2 dollar (no digits) coins ...

Christian
Title: Re: Fractional units
Post by: Vivek on December 13, 2012, 12:20:10 PM
Half Rupee and Quarter Rupee(Rep India) and you have same in BI coins also.
Vivek
Title: Re: Fractional units
Post by: <k> on August 03, 2013, 09:16:41 PM
Netherlands Antilles, 1/10 gulden 1970; ¼ gulden, 1954.

The Netherlands also did quarter and tenth guldens for the Curacao and the Netherlands East Indies, but never a half gulden. A half gulden/guilder was issued in the home country from 1904 to 1930, along with 10 cents and 25 cents coins - never tenth or quarter gulden coins.
Title: Re: Fractional units
Post by: Arminius on August 03, 2013, 10:23:13 PM
A real fractional unit:

(http://www.arminius-numismatics.com/coppermine1414/cpg1414/albums/userpics/10001/9083.jpg)

Nemausus in Gallia, 16-3 BC., Augustus, As (halved Dupondius), RPC 523 var.

 ;)
Title: Re: Fractional units
Post by: ChrisHagen on August 04, 2013, 03:49:20 AM
Allow me to mention the Danish ½ krone of 1926 and 1939:

(http://www.danskmoent.dk/zinck/zinck3/3z269c10h22b.jpg)

(Image by Niels Jørgen Jensen and Mogens Skjoldager) (http://www.danskmoent.dk/halvkr.htm)

I find it interesting that the coin survives today as the 50-øre denomination, this time as the sub-unit instead of the fractional unit, but still the same value of 0.50 krone.
Title: Re: Fractional units
Post by: SquareEarth on August 04, 2013, 06:09:36 AM
(http://mashopsimg.com/poinsignon/pic/combined6140.jpg)
The French denomination say"1C", but Chinese Denomination shows "One by Hundred", clearly a fractional number.

(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=8723.0;attach=11608;image)
Another Vietnamese Piece(French Tonkin), showing "One by Six Hundred".
The use of the Chinese words "Tongbao"(or Thong Bao in Vietnamese, meaning Circulated Treasure) is uncommon here. The word is usually used together with the Emperor's Regnal Title (Bao Dai Thong Bao,  Khai Dinh Thong Bao etc) or country name, or the mint's name, people usually don't simply put "Thong Bao" there.

(http://upload.wikimedia.org/wikipedia/commons/9/92/Hk1mill1866.JPG)
And the Hong Kong one mil coin.
The thing is, the Chinese words they used for "One Mil" is exactly the word for "One Thousand"which inflated its value by 1000000 times, whereas it should be "One By a Thousand".
Title: Re: Fractional units
Post by: <k> on October 17, 2014, 07:36:47 PM
Austria, ½ Schilling, 1925.
Title: Re: Fractional units
Post by: Pabitra on October 18, 2014, 09:53:35 AM
Taiwan 1/2 Yuan
Venezuela 12 1/2 Centimos
Title: Re: Fractional units
Post by: canadacoin on October 19, 2014, 03:04:36 AM
1/2 Shekel, Israel
Title: Re: Fractional units
Post by: canadacoin on October 20, 2014, 02:57:38 AM
Half cent USA
Half kopek Imperial Russia
Quarter kopek Imperial Russia
Hal Kopek USSR
Title: Re: Fractional units
Post by: Figleaf on October 20, 2014, 09:29:36 AM
2½ Gulden 1960, Netherlands. Neither a slash nor a dash in the denomination...

Peter
Title: Re: Fractional units
Post by: davidrj on October 20, 2014, 05:11:17 PM
a British Halfpenny 1863

(http://i593.photobucket.com/albums/tt14/microtome/1863F2947G-1.jpg) (http://s593.photobucket.com/user/microtome/media/1863F2947G-1.jpg.html)
Title: Re: Fractional units
Post by: davidrj on October 20, 2014, 05:12:31 PM
1/13 of a Shilling from Jersey

(http://i593.photobucket.com/albums/tt14/microtome/Km3113Shilling1861.jpg) (http://s593.photobucket.com/user/microtome/media/Km3113Shilling1861.jpg.html)
Title: Re: Fractional units
Post by: davidrj on October 20, 2014, 05:15:52 PM
A strange way of presenting half a Real - 5/10 - Buenos Aires - Argentina 1827

(http://i593.photobucket.com/albums/tt14/microtome/CJB9HalfReal1827.jpg) (http://s593.photobucket.com/user/microtome/media/CJB9HalfReal1827.jpg.html)
Title: Re: Fractional units
Post by: davidrj on October 20, 2014, 05:18:43 PM
2/3 Batzen from the Swiss Canton of Schywz

(http://i593.photobucket.com/albums/tt14/microtome/Km5623Batzen1810.jpg) (http://s593.photobucket.com/user/microtome/media/Km5623Batzen1810.jpg.html)
Title: Re: Fractional units
Post by: Pabitra on October 21, 2014, 03:38:15 PM
Libya 1/2 dinar 2004 and 2014

You missed 1/4 dinar and its latest version.
The images of new 1/4 dinar, that I have, exceed the limit of this forum
Title: Re: Fractional units
Post by: davidrj on October 22, 2014, 03:02:46 AM
A Half Tanga from Portuguese India, 1901

(http://i593.photobucket.com/albums/tt14/microtome/Km16HalfTanga1901.jpg) (http://s593.photobucket.com/user/microtome/media/Km16HalfTanga1901.jpg.html)
Title: Re: Fractional units
Post by: mrbadexample on March 24, 2016, 10:16:16 AM
1/13 of a Shilling from Jersey

(http://i593.photobucket.com/albums/tt14/microtome/Km3113Shilling1861.jpg) (http://s593.photobucket.com/user/microtome/media/Km3113Shilling1861.jpg.html)

What's the story behind this one David? I wasn't aware of there being 13 pence in a shilling?  :-\
Title: Re: Fractional units
Post by: davidrj on March 26, 2016, 06:41:45 PM
What's the story behind this one David? I wasn't aware of there being 13 pence in a shilling?  :-\

This can be traced to back to the act of September 18, 1834. This act decreed that English money would be the sole legal tender in Jersey.  At that time, 26 French livres were equal to one English pound.  With 20 shillings to the pound and 20 sous to the livre, one shilling was worth 26 sous.  Thus the Jersey penny or pièce de deux sous became 1/13th of a shilling, the Jersey half penny or sou 1/26th of a shilling, and the farthing or pièce de deux liards 1/52nd of a shilling. see http://www.jerseycoins.com/pen13/pen13.htm

There were similar oddities with the currency of Guernsey and the Isle of Man, neither equating with the Pound Sterling prior to this time

see https://en.wikipedia.org/wiki/Guernsey_pound and https://en.wikipedia.org/wiki/Manx_pound

David
Title: Re: Fractional units
Post by: mrbadexample on March 28, 2016, 02:30:35 AM
Thanks David, interesting reading. :)
Title: Re: Fractional units
Post by: Figleaf on March 28, 2016, 11:12:31 AM
The same can be said for all denominations on British-issued coins in fractions and denominations that look odd in British eyes. They are actually a reflection of the fact that people use another currency than British pounds, while the British policy was to let them all use British currency. That battle was mostly lost, except on the surrounding islands, but it left some very interesting coins. Some examples:

Guernsey - the French double Tournois
Jersey - the French livre
Isle of Man - the Irish shilling
Cyprus - the Turkish piaster
Malta - the coinage of the two Sicilies
Gambia - the French 5 francs
India - the Calcutta rupee
Straits Settlements - the Spanish colonial peso
Mauritius and the Seychelles - the French Franc
Canada - the US dollar
Newfoundland - the Spanish colonial peso
Essequibo and Demerara - the Dutch gulden

Even denominations that looked at least somewhat familiar in the home countries could be used as a local denomination, e.g. the fourpence in the Caribbean.

Peter
Title: Re: Fractional units
Post by: davidrj on March 28, 2016, 11:51:28 AM
Interesting summation Peter.  We could add the Dutch rix dollar and stuiver in Ceylon (Sri Lanka) to that list ;)

David
Title: Re: Fractional units
Post by: Pabitra on March 29, 2016, 07:01:56 AM
Turkey 2 1/2 Kurus
Title: Re: Fractional units
Post by: Pabitra on March 29, 2016, 07:03:11 AM
French Indo China 1/4 cent
Title: Re: Fractional units
Post by: mrbadexample on April 05, 2016, 10:20:27 PM
Sweden 2/3 skilling. Also available in 1/2, 1/3, 1/4, 1/6 and 1/12. I like the 2/3 best though. :)
Title: Re: Fractional units
Post by: Figleaf on April 05, 2016, 10:49:07 PM
Lots of pretty expensive ⅔ taler coins in North German states. It was a useful denomination to convert Northern German silver into Southern German silver or vice versa.

Lots of 2½ cent and 2½ gulden coins in Dutch and Dutch colonial numismatics. The 2½ cent coins are a remnant of the Habsburg's binary system in which a stuiver was worth 8 duiten, so 2½ cent was 4 duiten. The 2½ gulden was the successor of the pre-decimal rijksdaalder of 50 stuivers. As the stuiver was equivalent to 5 decimal cent. the 2½ gulden also contained 50 stuivers.

Peter
Title: Re: Fractional units
Post by: FosseWay on April 06, 2016, 07:27:01 PM
Lots of pretty expensive ⅔ taler coins in North German states. It was a useful denomination to convert Northern German silver into Southern German silver or vice versa.


Not sure about expensive, but here is my only representative of such coins - ⅔ Taler from Hannover.
Title: Re: Fractional units
Post by: FosseWay on April 06, 2016, 07:31:00 PM
I haven't got any to illustrate, but in late medieval England there were at various times coins with the value of 13s 4d, or ⅔ of a pound, which was also equal to the mark, a unit of account. It was of course one of the strengths of the £sd and similar systems that a wide range of fractions was possible in "round" numbers - i.e. whole numbers of pence.
Title: Re: Fractional units
Post by: Pabitra on April 07, 2016, 08:59:45 PM
Mauritania 1/5 Ougiya
Title: Re: Fractional units
Post by: Abhay on April 08, 2016, 05:37:41 AM
Sorry that this is not a coin but a currency note - a 2 1/2 Rupee Note from the British India Period.

You will see that the Rupee Denomination is 2 Rupee and 8 Anna, which in itself is not a fractional denomination. But if you recall, 1 rupee was equal to 16 Annas, and hence the denomination is also 2 1/2 Rupee.

This rupee note has a panel, which indicates the denomination in several Indian Regional languages, and in many of them, the denomination is indicated as "ADHAI RUPAYA" meaning 2 and half rupee.

Abhay
Title: Re: Fractional units
Post by: <k> on September 03, 2019, 09:21:11 PM
(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=4239.0;attach=4658;image)

Turks and Caicos, 1981, ¼ crown.   Crayfish.



(http://www.worldofcoins.eu/forum/index.php?action=dlattach;topic=8768.0;attach=93982;image)

The half crown of the set featured a salt windmill on the reverse. The islands have a history of salt production.



In 1981 the territory issued a two coin set for collectors. The obverse featured the Machin portrait of the Queen.

The denominations were a quarter crown and a half crown. Is the quarter crown a unique denomination among world coins?

The reverse of the quarter crown featured a Caribbean spiny lobster (Panuliras argus). The coin was 24 mm in diameter and equal in value to a US quarter.

More than one person has told me that these coins circulated on the islands.
Title: Re: Fractional units
Post by: Figleaf on September 03, 2019, 09:58:54 PM
It is impossible the the fractional crowns circulated in the islands. It uses USD as its official currency. Source (https://www.currencyconverter.co.uk/currencies/turks-and-caicos-islands-us-dollar-usd150120133941).

Peter
Title: Re: Fractional units
Post by: <k> on September 03, 2019, 10:13:06 PM
It is impossible the the fractional crowns circulated in the islands. It uses USD as its official currency. Source (https://www.currencyconverter.co.uk/currencies/turks-and-caicos-islands-us-dollar-usd150120133941).

Peter

But the Turks and Caicos crown is equal in value to a US dollar (the currency officially used by the territory), therefore the quarter crown was equal in value to a US quarter.
Title: Re: Fractional units
Post by: andyg on September 03, 2019, 11:53:32 PM
Coins ? Turks and Caicos Museum (http://www.tcmuseum.org/collections/coins/)

Quote
Today the official currency is the US dollar. However, there are still Turks and Caicos Islands coins in circulation. These can be obtained from the treasury or the Museum, and are still legal tender, but are generally purchased by tourists as souvenirs. On the reverse of the coins are a lobster, a windmill and the Turks and Caicos Islands’ crest (1 crown)

Souvenir coins are also issued. These often depict the monarchs head on one side and are issued to commemorate special events, such as the 500th anniversary of the rediscovery of the New World by Christopher Columbus and more recently for Queen Elizabeth II’s Golden Jubilee in 2002.

The ¼ has a lobster, the ½ the windmill - are they suggesting the 1 Crown 1969 with the crest is also a circulation coin?  Note they distinguish between the circulation coins and the souvenir coins.
Title: Re: Fractional units
Post by: <k> on September 03, 2019, 11:56:30 PM
The ¼ has a lobster, the ½ the windmill - are they suggesting the 1 Crown 1969 with the crest is also a circulation coin?  Note they distinguish between the circulation coins and the souvenir coins.

I have never read that, but numista describes the 1969 and 1986 crown coins as 'standard circulation' - to my surprise. Our member Big_M says he has seen 1986 crown coins that look heavily circulated.
Title: Re: Fractional units
Post by: Big_M on September 05, 2019, 01:39:28 PM
Circulated T&C 1986 crown pictured. Most of these appearing on the market look similar, in fact UNC coins are very rarely offered and fetch high prices.
Title: Re: Fractional units
Post by: <k> on September 05, 2019, 03:28:36 PM
Thank you, Big_M. So some collector coins do end up in circulation.