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Coins with lowest face value? US=half cent?
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<p>[QUOTE="satootoko, post: 30910, member: 669"]Getting back to the original questions - </p><p><br /></p><p>I can't speak for all the countries of the world, but the Japanese rin (minted from 1873-92) was 1/1000th of a yen at a time that the yen and the dollar were roughly equal in value, so it's face value was 1/10 of a cent - equal to the U.S. denomination of "1 mil".</p><p><br /></p><p>There were also 1/2 sen (equal to 5 rin) coins during the same period, and 5 rin coins from 1916-19.</p><p><br /></p><p>The mil was never actually minted, but it was - and is to this day - used in commerce. In the early years of the 20th century mil and 5 mil tokens were issued by various states for use in paying sales taxes. And when was the last time you bought a gallon of gasoline in the U.S. that didn't include 9 mils as part of the price? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie6" alt=":cool:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 30910, member: 669"]Getting back to the original questions - I can't speak for all the countries of the world, but the Japanese rin (minted from 1873-92) was 1/1000th of a yen at a time that the yen and the dollar were roughly equal in value, so it's face value was 1/10 of a cent - equal to the U.S. denomination of "1 mil". There were also 1/2 sen (equal to 5 rin) coins during the same period, and 5 rin coins from 1916-19. The mil was never actually minted, but it was - and is to this day - used in commerce. In the early years of the 20th century mil and 5 mil tokens were issued by various states for use in paying sales taxes. And when was the last time you bought a gallon of gasoline in the U.S. that didn't include 9 mils as part of the price? :cool:[/QUOTE]
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