But does it even buy anything in Uzbekistan? In the States, a cent pretty much gets you a small gumball. Sometimes. Maybe you can buy a house there for one of them, though. <shrug> Rob
There is actually a candy store somewhere, I forget where, was watching food network and they were talking about it and the entire store is 1 cent candies. They actually count each piece by hand and ring it up on an old school register. I'd still spend about 10,000,000,000 of those uzbecki coins there. I like candy.
Zebs in downtown North Conway, N.H. still have penny candy and claim to have the longest candy counter in the U.S.
The last time I saw a penny candy machine was in Gustavus Alaska. A little store had like 3-4 and even had free pennies so that little kids could have candy while their parents shopped. Gotta love small towns.
In terms of all time, I think that honor goes to the Hungarian 1 Filler coin during Hungary's hyperinflation in 1945-1946. According to Wiki.... by "August 1946... the total value of all Hungarian banknotes in circulation amounted to 1/1,000 of one US dollar."
Nevermind...just re-read the post. Man, that's not much money! "Excuse me sir. I'd like to buy your country. Do you have change for a Fiver?" Rob
I have a dear friend who's parents immigrated from Germany in the late 1920's. They told her from an early age that ressecions and depressions are bad, but hyper inflation is absolute devastation.
On that Zimbabwe note, that was issued AFTER they had already had two currency revaluations each of which had chopped 12 zeros off the currency. Without those that would have been a 100,000,000,000,000,000,000,000,000,000,000,000,000 dollar note and would have purchased three tomatoes. And the Zimbabwe hyperinflation was still considered to rank second to the Hungarian inflation of the 1940's.
During each country's respective hyperinflations, Zimbabwe's prices doubled every 24.7 hours, while Hungary's prices doubled every 15 hours!
I have a Zimbabwe $1 note in the same style as the $100 trillion note above. How much would THAT be worth? 1/10000th of a penny?
No. How much is it worth today to a collector, or what was the equivalent in US dollars of the 1 dollar note back in 2009 when it last circulated?
Ironically enough, the collector's market imbues these things with much more value than they would have in their respective economies. The Zimbabwe 100 Trillion notes are selling for a little over $20 on eBay. You could probably find them for cheaper at shows, but regardless, they have a new life as desired collectibles.