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World's Lowest Value Current Circulating Coin? (May Upset Jbuck!)

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Pillar of the Community
Russian Federation
5178 Posts
 Posted 05/07/2022  6:46 pm  Show Profile   Bookmark this reply Add january1may to your friends list
Russian 1 kopek coins were last issued for circulation in 2009 (at the time they were worth 0.035 US cents), not counting a special issue in 2014 to facilitate adoption of Russian currency in recently occupied Crimea (by then the exchange rate had gone down to 0.02 cents).

I do also wonder what the lowest value circulating coin still recently minted is... it could well be the Polish 1 grosz. Offhand I can't think of anything lower valued that was still in production in 2021.
As far as issues intended for circulation are concerned, AFAIK the Philippine 1 sentimo (ca. 0.019 US cents) could circulate but mostly doesn't; in any case it hadn't been minted since 2019.


EDIT: for what it's worth, growing up with the Russian 1 and 5 kopeks as something that very much does occasionally show up in change, I never understood other countries' fascination with removing low denominations of their currency.
As far as I was concerned a US cent was far too high for a lowest denomination; why no Half Cent, no mill, no half mill?
When I found out that UK used to have quarter farthings, I immediately understood that it was a very neat idea, and was mildly surprised why it didn't go any lower.
Edited by january1may
05/07/2022 6:51 pm
Pillar of the Community
Australia
9461 Posts
 Posted 05/07/2022  7:51 pm  Show Profile   Bookmark this reply Add triggersmob to your friends list
The last coins made in Indonesia was 2016, so not that long ago.
World's-Lowest-Value-Current-Circulating-Coin?-May-Upset-Jbuck!

The smallest denomination was 100 rupiah.
That is equivalent to USD$0.0069

The 1 rupiah, although not legal tender now, would be worth USD$0.000069.

World's-Lowest-Value-Current-Circulating-Coin?-May-Upset-Jbuck!
Edited by triggersmob
05/07/2022 8:16 pm
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Australia
16868 Posts
 Posted 05/08/2022  05:26 am  Show Profile   Bookmark this reply Add Sap to your friends list
The places where I'd expect you'd be likeliest to find "low value coins" in regular circulation are the "third world economies", particularly in Africa and the Pacific islands. Such countries rouinely have people earning very low wages, with prices for basic foodstuffs correspondingly also very low. However, you also want to avoid looking in the "basket case" countries, where the economy is so unstable coins either do not exist or do not form part of the functioning economy.

Some examples of third-world-but-stable currencies, and their smallest coins:
Botswana - 5 thebe: 0.41 US cents
Egypt - 25 piastres: 1.35 US cents
Ghana - 5 pesewas: 0.68 US cents
Kenya - 1 shilling: 0.86 US cents
Nigeria - 1 naira: 0.24 US cents (no coins in typical everyday use there)
South Africa - 10 cents: 0.62 US cents

Fiji - 5 cents: 2.29 US cents
French Pacific (New Caledonia, Tahiti, etc) - 1 franc: 0.88 US cents
Papua New Guinea - 5 toea: 1.42 US cents
Samoa - 10 sene: 3.88 US cents
Solomon Islands - 10 cents: 1.23 US cents

So it surprises me: the countries that "need" low-value coins the most, don't tend to have coins below half a US cent.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
4628 Posts
 Posted 05/08/2022  05:42 am  Show Profile   Bookmark this reply Add Princetane to your friends list
Ones that come to mind

Chilean 1 Peso = 0.061 US cents - its like 810 Pesos to a dollar
Bangladesh 25 Poisha = 0.095 US cents (260 Taka to a dollar)
Pakistan 1 Rupee = 0.4 US cents
Indian 1 Rupee = 1.2 US cents (They demontised the 25 and 50 Paisa coins)

Namibian 5 cents = 0.3 US cents (About $15 Namibian to 1 USD)

What about the currencies of Angola, Afghanistan, Lebanon and Iran? all of them are 100000s to a dollar.

On the other hand, New Zealand has one of the highest low value circulation coins.
Our lowest value coin is 10 cents and worth around 6.4 US cents, yet its the size and shape of a US cent!
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Russian Federation
1557 Posts
 Posted 05/08/2022  06:24 am  Show Profile   Bookmark this reply Add Slerk to your friends list
Relatively recently, I was in Georgia and purchased 1 and 2 tetri coins there. When I bought them, I thought they were analogues of Russian 1 and 5 kopecks. What was my surprise when I first saw how one customer was given them for change in the store.

0.01 Georgian Lari = 0.0032 US Dollars


Quote:
The last coins made in Indonesia was 2016, so not that long ago. The smallest denomination was 100 rupiah.
That is equivalent to USD$0.0069
.

Cool coins, during my vacation there I bought coins in 100, 200 and 1000 rupees. I was thinking about selling them later, but no one wants to buy them. Now I do not know what to do with them. I have left new rolls of coins, but I do not know what to do with the already opened ones. They have been lying for several years.
Edited by Slerk
05/08/2022 06:31 am
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United Kingdom
1324 Posts
 Posted 05/08/2022  07:04 am  Show Profile   Bookmark this reply Add andyg to your friends list
0.01 Romania Leu = 0.0022 US Dollars.
A bani - last issued 2021.

0.01 Chinese Yuan Renminbi = 0.0015 US Dollars
A fen - last issues 2018
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Australia
9461 Posts
 Posted 05/08/2022  07:25 am  Show Profile   Bookmark this reply Add triggersmob to your friends list
I know this one is not current, but by the time Hungarian pengo were demonitised, one US dollar would buy this many pengo.
460,000,000,000,000,000,000,000,000,000
World's-Lowest-Value-Current-Circulating-Coin?-May-Upset-Jbuck!
Bedrock of the Community
United States
20753 Posts
 Posted 05/08/2022  08:35 am  Show Profile   Bookmark this reply Add just carl to your friends list
Now all this makes me wonder what the vending machine companies are doing?
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Turkey
870 Posts
 Posted 05/08/2022  7:23 pm  Show Profile   Bookmark this reply Add molydeii to your friends list
1 Kurus from Turkey (1/100 of a Turkish Lira)is equivalent of 0.15 US cents at the moment. Although it's rare in circulation, I get one or two every year from supermarkets and it's still minted.
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 Posted 05/09/2022  06:33 am  Show Profile   Bookmark this reply Add Princetane to your friends list
Molydeii, its your country's older coins that are very interesting, cast your mind back to the old Liras.

Not current, but up there with Steve's coins for most worthless in the past.

World's-Lowest-Value-Current-Circulating-Coin?-May-Upset-Jbuck!
Turkey 1 and 5 old Kurus.

When Turkey switched to the new lira of 1,000,000 old lira in 2005 it was worth $1 USD per new lira, its now 15 to 1 USD

That means 1 old kuru is worth now USD $0.000,000,000,006.7

The 1 kuru coin was demontised around 1980 when it worth around 1/200th of a US cent.

Even when that 14mm 1 Kurus coins was issued in 1968, it had lost a lot of value from the Ottoman era.

20 Kurus in 1862 was a huge silver coin weighing 24 grams and 36mm in size!

World's-Lowest-Value-Current-Circulating-Coin?-May-Upset-Jbuck!


They had 100 Kurush = 1 Lira and 40 Para = 1 Kurus. Coins were issued as low as 5 Para until the 1930s. 5 para would be worth 1/8 of the old Kurus.
Edited by Princetane
05/09/2022 06:41 am
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United States
189767 Posts
 Posted 05/09/2022  10:10 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I neither vote nor pay taxes in these other countries, so I have no right to criticize their coinage.
Pillar of the Community
United States
1316 Posts
 Posted 05/09/2022  10:19 am  Show Profile   Bookmark this reply Add Collects82 to your friends list
Having lived in Thailand and China, the lowly Satangs and Fen have negative value in the sense that even poor locals don't often want the hassel of them. It takes accumulating too much time and effort to accumulate enough to even buy a meal at the street stand. Good luck unloading them, as those street vendors didn't always accept them either. Generally speaking, the only places we got them were the large department stores like Lotus because some accountant was determined to live life down to the extreme decimal.
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Russian Federation
5178 Posts
 Posted 05/09/2022  11:39 am  Show Profile   Bookmark this reply Add january1may to your friends list

Quote:
Generally speaking, the only places we got them were the large department stores like Lotus because some accountant was determined to live life down to the extreme decimal.
When I visited Bulgaria for a few weeks in 2014, it was rare to see a 1 or 2 stotinki coin, but one time I went to a McDonald's near Varna and got like half a dozen of them in change at once.
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United States
7963 Posts
 Posted 05/12/2022  08:08 am  Show Profile   Bookmark this reply Add tdziemia to your friends list
Regardless of the low value, it is a nice enduring reminder of numismatic history: one of the very few remaining currencies descended from the old gros tournois and Venetian grosso (German groschen, etc).

The Polish 1 grosz was first struck under Casimir the Great in the 1360s: https://en.numista.com/catalogue/pieces124191.html

It was used continuously from the 1520s until the demise of the Polish state in 1795 (turning into a copper coin along the way in the 1750s: https://en.numista.com/catalogue/pieces262438.html ).

When the Republic of Poland was recreated after World War I, the 1 grosz was again struck in bronze (1923-1939) then in aluminum (1949) and eventually brass (1990-)



Edited by tdziemia
05/12/2022 08:09 am
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