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Replies: 20 / Views: 2,793 |
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Bedrock of the Community
United Kingdom
17905 Posts |
Just got this in change in Gdansk, Poland today. 1 groszy is worth about one-fifth of an English penny or one-quarter of a US cent.  I know some countries have ultra-low-value coins that are still officially legal tender but haven't circulated for years, but does anyone know of other coins still being issued and circulating with such a low face value?
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Rest in Peace
United States
18456 Posts |
 Why would that coin upset jbuck ?
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Bedrock of the Community
 United Kingdom
17905 Posts |
jbuck is always saying that the US cent should be eliminated!
Edited by NumisRob 05/07/2022 2:10 pm
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Pillar of the Community
United States
3468 Posts |
Quote: jbuck is always saying that the US cent should be eliminated! He's not wrong!
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CCF Master Historian of USA Commemoratives
 United States
12258 Posts |
One Thailand Baht is worth about $0.03 USD (i.e., ~3 cents) and yet they still produce coins that are fractions of the Baht - the Satang coins. The 25 Satang (1/4 Baht) coin still circulates - it is worth less than 3/4 of one US cent. So, not as low value as your Polish coin, but still a very low-value circulation coin!
Note: Thailand still produces 1, 5 and 10 Satang coins, but not for general circulation.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems 05/07/2022 5:39 pm
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Pillar of the Community
United States
574 Posts |
Holy cow. Who would use that small of currency? Imaging buying a house in those.
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Pillar of the Community
Russian Federation
5172 Posts |
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
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Pillar of the Community
Australia
9377 Posts |
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 The 1 rupiah, although not legal tender now, would be worth USD$0.000069. 
Edited by triggersmob 05/07/2022 8:16 pm
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Moderator
 Australia
16810 Posts |
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
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Pillar of the Community
4628 Posts |
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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Pillar of the Community
Russian Federation
1557 Posts |
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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Pillar of the Community
United Kingdom
1314 Posts |
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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Pillar of the Community
Australia
9377 Posts |
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 
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Bedrock of the Community
United States
20753 Posts |
Now all this makes me wonder what the vending machine companies are doing?
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Pillar of the Community
Turkey
870 Posts |
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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Pillar of the Community
4628 Posts |
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.  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!  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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Replies: 20 / Views: 2,793 |