What was the lowest denomination coin to be in circulation?

Discussion in 'World Coins' started by Williammm, Jun 15, 2019.

  1. Williammm

    Williammm Member

    What was the lowest denomination coin to ever be in general circulation ?
     
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  3. Lawtoad

    Lawtoad Well-Known Member

    In the United States it was the half cent.
     
  4. gold standard db

    gold standard db Active Member

    1930s tax tokens were one tenth of a cent.
     
    kaparthy likes this.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    And never forget that the value of the half cent, when it was discontinued in 1857, was equivalent to about 14 cents in today's money. But don't even think of discontinuing the penny, or nickel, or dime!
     
    harrync, Lawtoad and tibor like this.
  6. mrbadexample

    mrbadexample Well-Known Member

    You need to be more specific. Do you mean the coin with the lowest number written on it, the lowest value of coin minted in a country in a given year, or the lowest division of a major unit such as a dollar?

    In the UK we minted a quarter farthing.
    ¼ farthing 1851 (3).jpg

    From Jersey I have a 1/52 shilling.

    1841 Jersey 1 fifty second shilling (3).jpg
     
  7. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    I think a more interesting question would focus on the lowest valued coin in circulation, accounting for inflation. Quite a few contenders in that category, I'd imagine!
     
  8. Supersteelerfan

    Supersteelerfan New Member

  9. kaparthy

    kaparthy Well-Known Member

    Technically, not "coins." I am not happy with the standard definition. I believe that true knowledge is often more complicated than the Orwellian declarations we shout on cue. My sensibilities aside, the fact is that following the late Alan Herbert who argued the point long and well, a coin is issued by a governmental authority and is accepted in indirect barter as money, where money is anything you accept now with the intention to trade later for something else. Thus, tax tokens are indeed, "tokens." They stand for money with limited use, in this case certain retailers in certain US states for a short period of time when balancing their obligations for retail sales tax. That being as it may, personally, I agree with you.

    12 pence to the shilling; 20 shillings to the pound. So, 1/4 farthing is a 1/16 penny or 1/3840 of a pound or, say, 1/8 of a US cent... But unlike a tax token, coined money according to the numismatic hobby in the USA.

    Ah, yes! The entire family of protot (plural of prutah), the small coppers of Hellenistic Jewish kingdoms. They were also called by their Greek name: lepton (plural leptoi?). The word means "lightweight" or "small" and is the same name given to the subatomic particles including the nutrino.
     
    George McClellan likes this.
  10. Kentucky

    Kentucky Supporter! Supporter

    I read somewhere that the Turkish 1 kurus was the lowest value coin of modern times, but my memory is suspect...
     
  11. usmc 6123

    usmc 6123 Active Member

    I was on a bus in s Korea in 1980 and I saw a coin on the floor. I put my foot on it before someone saw it then cool like pick it up then I saw it was a 1 won worth 1/7 of a us cent . I gave it a flip back to the bus floor.
     
  12. jcm

    jcm Active Member

    In Japan, when the Meiji era monetary reforms were put in place the old 1 min coppers were set at a value of 10 to 1 sen. With 100 sen = 1 yen each old coin was worth 1/1000 Yen. They were never officially demonetized and now 100 Yen = approx $0.95, that would make them worth a current value of roughly $0.000095 each.
     
  13. usmc 6123

    usmc 6123 Active Member

    I can't stack that many coppers in my house. I will stick to the yen.
     
  14. George McClellan

    George McClellan Active Member

  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Please be more specific in your question. Coins, paper, colonial currency, world, US, etc. There are a lot of different answers for this question.
     
  16. Bradley Trotter

    Bradley Trotter Well-Known Member

    1882 1 Rin.jpg
     
  17. Santinidollar

    Santinidollar Supporter! Supporter

    I notice several references to “adjusting for inflation.” Doing so with relative values of different coins from different economies at different times in history would be inaccurate tomfoolery. All countries have not had the same inflation rate.

    FYI, I expect to get plenty of blowback on this point, especially from those who want to adjust every price and value figure in existence.
     
    Nathan401 likes this.
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not from me you won't.
     
  19. TheGame

    TheGame Well-Known Member

    Currently, the Philippine centavo, Trinidad & Tobago cent, and Turkish kurus are the lowest I can think of, at about .2 US cents or slightly less.
     
  20. Kentucky

    Kentucky Supporter! Supporter

  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    Kentucky likes this.
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