The coin with the least purchasing power in the world?
rmuniak
Posts: 267 ✭✭✭
just posted a 1965 1 lira coin from Turkey https://en.numista.com/catalogue/pieces1341.html with a valuation of .00000003760 USD . Read an article from a few years back saying the 1 tiyin from Uzbekistan was the least valuable . It is listed here https://en.numista.com/catalogue/pieces1471.html as .0000011 USD..
Are there other coins like this or is this coin valuation incorrect?
A world without coins "Chaos"
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The current turkish Lira is worth 17 cents. It was revalued. The old 1965 1 lira coin actually should have 0 value as it has been replaced.
https://en.wikipedia.org/wiki/Revaluation_of_the_Turkish_lira
Any offered by Zimbabwe Royalty free via email to be deposited into your checking account.
Great! I'm always looking for coin fillers for my "Buy a pound of foreign coins for only $9.95" business venture.
This is a subject I have never considered.... Silly me, I have always hunted for coins of significant value above their assigned commercial worth.
I think I will continue in that pursuit....Cheers, RickO
This tickled my memory. After seeing this, where is beyond my ram to access (my head does a memory dump every midnight), I had to get one. It could have been on an NPR story. My car radio is permanently tuned to Public Radio. It's really tiny. Size a little less than a Dime. I'll have to dig this out of my heap.
Puzzle coin before cutting
The Puzzle Coin
Attached are articles from the web about this 1 Tiyin coin.
edit to add:
I found where I got it from. Ebay of course. The craftsmanship and skill of the artist grabbed me. Each had to be done individually. Imagine how thin the saw blade had to be. How many broke doing this?
The Venezuelan coins must be getting down there.
IG: DeCourcyCoinsEbay: neilrobertson
"Numismatic categorizations, if left unconstrained, will increase spontaneously over time." -me
What is the composition? Should have a higher melt value...
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Thank you jmlanzaf for getting to the bottom of this...Evidently around 2008 it was the lowest valuation coin in the world. It has since been demonitized and replaced by the new Lira. At it's inception 6 zeros were eliminated...Thats 1 million times...I will try to confirm this fact with Numista and change the notation with them...
A world without coins "Chaos"
Those “planchet” electrical box punch-outs rank somewhere down there...
Oh, it’s not a coin?
There is an old 1891 short story "The Bottle Imp" by Robert Louis Stevenson which is about a cursed bottle.
To get rid of the bottle one must sell it for less than he/she paid for it.
One buyer purchased it for one (US) cent and to sell it he goes to Tahiti where they use centimes worth 1/5 of a cent.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
That'd be my pick. The 1 centime.
I posted this on the darkside version but thought it might be interesting here also.
Back in 1973 my families Christmas present was a trip to Colombia! At the time their Peso was worth 4 cents and they did have 1 centavos!. That was during the oil embargo and gas prices here were 50+ Cent per gallon. In Columbia gas was 4 cents a gallon. The downside was the cost of owning a car. If my memory serves the import tax on a car was something like 4000 percent! I believe the newest car I saw was a late 1950's model.
Now for the coin collecting side. The only way I was able to find any coins was from candy vendors on the streets of Bogota. I wandered the streets everyday buying up all the coins the vendors could spare. By the last day word had gotten out and I was approached by a man offering to sell me 2 coins. By that time I was almost out of money and had probably accumulated around 10 pounds of coins from the Candy vendors.(I couldn't even get coins from the banks!) It helped that I was reasonably fluent in Spanish at the time....my only hurdle was getting people to speak slowly! I informed the man all I had left was 400 Pesos. He was disappointed but actually sold me the 2 coins. I wasn't sure of the ID but they were old and 1 was silver so I bought them. 1 was an 1859 Bolivia 4 Sols and the other was an 1821 Brazil copper 80 Reis. Turns out they were worth about what I paid for them at the time.
The downside of the trip for me was witnessing real poverty for the 1st time. There was always a group of poor kids in front of the hotel begging for money. I have a picture ingrained in my head of a small boy jabbing his amputated nub of an arm at me saying dame dinero.