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<p>[QUOTE="Clinker, post: 695655, member: 6229"]A lot of people (including numismatists) think the U.S. Cent is wothless and advocate eliminating it.</p><p> </p><p>In relationship to our economy this like seems a good idea, but (a big BUT) in many parts of the world the U.S. Cent is a coin to be desired (as are all the Nickels, Dimes, Quarters, Half Dollars and Dollars).</p><p> </p><p>I'm not going fill pages and pages with examples. This one should suffice:</p><p>Let's look at the Venezuelan New Bolivar.</p><p> </p><p>The official exchange rate is 2.15 New Bolivars to 1 United States Dollar. Since 100 Centimos equals 1 New Bolivar, the U. S. Cent is worth 2.15 Centimos. "So what?" you ask.</p><p> </p><p>You remember the first four words of the above papagraph? "The official exchange rate." That's the exchange rate you'd receive at any Venezuelan bank or the government's own exchange outlets.</p><p> </p><p>Do you know how many New Bolivars you could get on the black market for each U. S. Dollar? 5.7.</p><p> </p><p>In the byways and business districts your U. S. Cent is worth 5.7 Centimos (over twice as much!).</p><p> </p><p>In some countries the US. Cent is worth hundreds in their currency. When I was in Berlin, courtesy of the U. S. Army (specifically April 1957) my father sent me a $50 bill. The Army exchange would have given me 210 Marks for it. A local Berlin Cafe owner gave me 450 Marks and wanted to know if I could get more!</p><p> </p><p>You don't want the Cents, send them to me, drop them in the Salvation Army's kettles, spend them at the Goodwill Store, or donate them to The Red Cross.</p><p> </p><p>I know! Take a bunch with you on your next trip abroad and use them for tips or as treats for children. They're worth more than you may think!</p><p> </p><p>Clinker[/QUOTE]</p><p><br /></p>
[QUOTE="Clinker, post: 695655, member: 6229"]A lot of people (including numismatists) think the U.S. Cent is wothless and advocate eliminating it. In relationship to our economy this like seems a good idea, but (a big BUT) in many parts of the world the U.S. Cent is a coin to be desired (as are all the Nickels, Dimes, Quarters, Half Dollars and Dollars). I'm not going fill pages and pages with examples. This one should suffice: Let's look at the Venezuelan New Bolivar. The official exchange rate is 2.15 New Bolivars to 1 United States Dollar. Since 100 Centimos equals 1 New Bolivar, the U. S. Cent is worth 2.15 Centimos. "So what?" you ask. You remember the first four words of the above papagraph? "The official exchange rate." That's the exchange rate you'd receive at any Venezuelan bank or the government's own exchange outlets. Do you know how many New Bolivars you could get on the black market for each U. S. Dollar? 5.7. In the byways and business districts your U. S. Cent is worth 5.7 Centimos (over twice as much!). In some countries the US. Cent is worth hundreds in their currency. When I was in Berlin, courtesy of the U. S. Army (specifically April 1957) my father sent me a $50 bill. The Army exchange would have given me 210 Marks for it. A local Berlin Cafe owner gave me 450 Marks and wanted to know if I could get more! You don't want the Cents, send them to me, drop them in the Salvation Army's kettles, spend them at the Goodwill Store, or donate them to The Red Cross. I know! Take a bunch with you on your next trip abroad and use them for tips or as treats for children. They're worth more than you may think! Clinker[/QUOTE]
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