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Author Topic: Lowest denominations  (Read 5482 times)

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Offline Figleaf

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Re: Lowest denominations
« Reply #135 on: December 19, 2016, 05:32:49 PM »
The ballast story is correct, but my understanding is that it was more a metal arbitrage game. The Merchant on board the ship had instructions to sell copper wherever the price was above what the king of Sweden wanted (the king was the owner of the great Swedish copper mines), so that surplus copper would not disturb the copper market price. In other words, the plate "coins" were treated as a commodity, not as money. Today's equivalent would be Kruger rands (subject to VAT), not US quarters in Zimbabwe.

@ mrbadexample: I can recommend a visit to Sweden. The royal coin cabinet in Stockholm has an impressive collection of plate coins.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline mrbadexample

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Re: Lowest denominations
« Reply #136 on: December 20, 2016, 08:03:27 PM »
It's on the list Peter. It's a long list but it's pretty close to the top. ;)

Offline FosseWay

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Re: Lowest denominations
« Reply #137 on: December 20, 2016, 08:34:09 PM »
Leave it a few months though. It's dark at the moment.  ;)

Offline mrbadexample

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Re: Lowest denominations
« Reply #138 on: December 21, 2016, 12:40:14 AM »
Leave it a few months though. It's dark at the moment.  ;)

 ;D

Offline malj1

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Re: Lowest denominations
« Reply #139 on: December 21, 2016, 04:25:59 AM »
Our longest day today in Oz.   ;)
Malcolm
Have a look at  my tokens and my banknotes.

Offline mrbadexample

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Re: Lowest denominations
« Reply #140 on: February 13, 2017, 04:08:11 PM »
Guatemala ¼ real 1893, KM#159. Tiny at 11mm. The 3 in the date seems partially die-filled, and I have no idea if it's the large or small date.

Offline chrisild

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Re: Lowest denominations
« Reply #141 on: February 13, 2017, 05:56:31 PM »
Leave it a few months though. It's dark at the moment.  ;)

Then again it may make sense to not wait too long. http://www.coinsweekly.com/en/News/The-Royal-Coin-Cabinet-in-Stockholm-is-going-to-be-closed-and-stripped-down/4?&id=4479

Christian

Offline FosseWay

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Re: Lowest denominations
« Reply #142 on: February 14, 2017, 10:23:46 AM »
The reason is that the rent on the building takes up about half of the total subsidy the museum receives.

The move is most likely to take place in 2018 when the contract on the current premises expires.

http://www.expressen.se/dinapengar/myntkabinettet-tvingas-lamna-lokalerna/

Offline mrbadexample

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Re: Lowest denominations
« Reply #143 on: February 14, 2017, 02:37:05 PM »
That's a pity. :(

Offline mrbadexample

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Re: Lowest denominations
« Reply #144 on: February 14, 2017, 02:51:44 PM »
Hungary 1 filler 1895.

Offline <k>

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Re: Lowest denominations
« Reply #145 on: February 14, 2017, 03:16:16 PM »
The Bottle Imp is an 1891 short story by the Scottish author Robert Louis Stevenson. It can be read here. The magical but cursed bottle of the story can only be got rid of by selling it for less than you bought it. This involves coins of low and lower value and denomination, until the cursed protagonists even have to leave Hawaii in search of a lower value coin.

Offline mrbadexample

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Re: Lowest denominations
« Reply #146 on: February 15, 2017, 02:02:17 PM »
The Bottle Imp is an 1891 short story by the Scottish author Robert Louis Stevenson. It can be read here. The magical but cursed bottle of the story can only be got rid of by selling it for less than you bought it. This involves coins of low and lower value and denomination, until the cursed protagonists even have to leave Hawaii in search of a lower value coin.

Presumably they end up with the Uzbekistan 1 tiyin? I believe this is the current circulating coin with the least value compared with the US dollar? :D

Offline <k>

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Re: Lowest denominations
« Reply #147 on: February 15, 2017, 02:15:39 PM »
Is that right? Well, if that bottle ever comes up for sale on ebay, don't be tempted to buy it, whatever you do.   :o

Offline Figleaf

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Re: Lowest denominations
« Reply #148 on: February 16, 2017, 01:58:05 PM »
It depends on what you mean by "in circulation". You don't find any coins in circulation in Uzbekistan. Here are some fine candidates for low values with the number of them it takes to buy one USD:

Iranian Rial
32393.909943
Indonesian Rupiah
13323.997448
Uzbek Som
3309.400000
Colombian Peso
2866.101750
South Korean Won
1139.133961
Chilean Peso
638.085178
Kazakhstani Tenge
319.226428
Sri Lankan Rupee
150.709995
Japanese Yen
113.498292
Icelandic Krona
110.460045
Nepalese Rupee
107.271967
Pakistani Rupee
104.794473

Rates as of today. The Uzbek Som rate is theoretical and for info only. A unit of the above currencies is worth less than USD 0.01, let alone their subdivisions. Therefore, if none qualify, the lowest value in circulation may be the US cent. :) Unsurprisingly, some of these currencies are quite strong (e.g. JPY), while others are not. So there. Figure out what actually circulates is the issue. I believe the Japanese are phasing out the one yen coin, while Korea still uses 1 won coins...

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline mrbadexample

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Re: Lowest denominations
« Reply #149 on: February 21, 2017, 06:45:30 PM »
Interesting. I did wonder what they might buy with such a small value coin. I take it notes are used pretty much exclusively then?

Are any of the coins you listed actually in use Peter?