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The Ravages Of Inflation

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NumisRob's Avatar
United Kingdom
17903 Posts
 Posted 08/17/2013  6:23 pm Show Profile   Check NumisRob's eBay Listings Bookmark this topic Add NumisRob to your friends list Get a Link to this Message Number of Subscribers
Inflation isn't pleasant, but it can make numismatics interesting! I thought it would be fun to post pictures showing how a particular coin denomination has changed over the years.

This is my starter - South African 10 cents:
The-Ravages-Of-Inflation

1961-64: 50% silver
1965-89: Nickel
1990 onwards: Brass-plated steel
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jbuck's Avatar
United States
187702 Posts
 Posted 08/17/2013  11:00 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Thank you for sharing.

I find it interesting. Their ten cent coin now looks like a one cent coin, which reminds me that our ten cent coin should become our smallest denomination.

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/17/2013  11:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Their ten cent coin now looks like a one cent coin, which reminds me that our ten cent coin should become our smallest denomination.


Had to slip that in, didn't ya?
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jbuck's Avatar
United States
187702 Posts
 Posted 08/17/2013  11:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yes. Yes I did.

Another example of how the rest of the world seems to have figured out something that we have not.
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Sap's Avatar
Australia
16809 Posts
 Posted 08/18/2013  12:25 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Well, don't forget that the South African 10 cent has seen more inflation than the American dime. It started out as more valuable (being pegged at 14 US cents) but, thanks to apartheid and the resultant political instability, has fallen to just under 1 US cent. South Africa has only just (in 2012) eliminated the 5 cent coin, making 10 cents their lowest denomination.

And South Africa is still far from a "first-world" economy. 10 South African cents will buy a poor person in South Africa a lot more than 1 US cent will buy a poor person in America.
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
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skyshark124's Avatar
United States
1109 Posts
 Posted 08/18/2013  12:43 am  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply

Quote:
I find it interesting. Their ten cent coin now looks like a one cent coin, which reminds me that our ten cent coin should become our smallest denomination.

Be careful suggesting coin denomination variations...Fox will jump in and want us to accept a new .02 cent coin and stuff.
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Wade's Avatar
Canada
2781 Posts
 Posted 08/18/2013  12:47 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
here's a sampling of pennies from Canada,
I included some pre-confederation bank tokens (if I included provincial bank tokens the list would double)
Sadly inflation has killed the penny in Canada, we ceased production of them this year.

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Sap's Avatar
Australia
16809 Posts
 Posted 08/18/2013  02:50 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The Canadian pennies - the ones that actually say "penny" on them, not the ones that say "cent" - are not cents, so aren't really a continuum. With an exchange rate of £1 = $4.866666, one (predecimal) penny equalled 2.0277777 (2 and one-thirtysixth) cents.
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
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skyshark124's Avatar
United States
1109 Posts
 Posted 08/18/2013  05:15 am  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
Here's a contribution to the thread. These are all Mexican 5 Centavos coins. The first one is from 1945. The second one is from 1955. The last one is from 1975. Interesting how drastically the coin was shrunk within a span of three decades.

The-Ravages-Of-Inflation
Pillar of the Community
United Kingdom
1313 Posts
 Posted 08/18/2013  05:46 am  Show Profile   Bookmark this reply Add andyg to your friends list Get a Link to this Reply
Here is the latest SA 10 Cents - now in copper plated steel...

The-Ravages-Of-Inflation
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papermoney's Avatar
United States
177 Posts
 Posted 08/18/2013  08:21 am  Show Profile   Bookmark this reply Add papermoney to your friends list Get a Link to this Reply
This thread is pretty cool!
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shootnstarz's Avatar
United States
477 Posts
 Posted 08/18/2013  10:42 am  Show Profile   Bookmark this reply Add shootnstarz to your friends list Get a Link to this Reply
"Bank of Upper Canada"? Brrrrrrrr, makes a Florida boy shiver just thinking about it!

Rick
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Wade's Avatar
Canada
2781 Posts
 Posted 08/18/2013  11:57 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply

Quote:
one (predecimal) penny equalled 2.0277777 (2 and one-thirtysixth) cents


thats really very interesting, I've just shifted to an interest in Canadian tokens and hadn't followed the full "lineage" yet.

I swear I've learned more about the country I live in since I started collecting coins than I ever did in years of school!
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 08/18/2013  2:30 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
Heres a picture of an 1810s 2 penny and a current 2 penny.

The-Ravages-Of-Inflation

Id do a picture of 1 pennies, but its confusing stuff and the 1 penny has a long history (back to ancient roman denarius, and technically ancient greek drachm)

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Sap's Avatar
Australia
16809 Posts
 Posted 08/18/2013  7:09 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Again, the two tuppences aren't quite equivalent as the larger older one is predecimal; technically, it's face value now is only 5/6th of a decimal penny.

Quote:
...the 1 penny has a long history (back to ancient roman denarius...

Well, the English predecimal penny really derives its origin from the penny of Saxon king Offa, who borrowed the concept from the silver denier issued by Charlemagne. There isn't really any sort of continuity between Charlemagne's denier and the Roman denarius, except the name and (approximate) size and weight. There's a gap of 500 Dark Age years or more between their issue. The Latin-language records of Charlemagne's time call his new coin the "novus denarius" - a new coin, not a continuation or revival of an old one.
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
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nalaberong's Avatar
Canada
2805 Posts
 Posted 08/18/2013  11:20 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
The Canadian dollar used to be silver - then it was downsized into nickel - then we cut the dollar bill and released the loonie (nickel plated with brass) - and now the loonie is brass-plated steel. Quite a change - and now my Bounty Hunter won't be able to distinguish loonies and toonies from rusty nails. Aargh!
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