They did this in the early 19th century with coins in the Dutch colonies. A guilder was cut in 4 pieces and spend as a quarter. I believe they did it with reals too....
<< <i>They did this in the early 19th century with coins in the Dutch colonies. A guilder was cut in 4 pieces and spend as a quarter. I believe they did it with reals too....
Dennis >>
Yup...which is why they are also called, "pieces of eight."
Many years ago I took some coins to the bank. As she was counting them them she came accross a damaged cent, threw it in the waste basket and said this is no good!
Its those dang Cutco knife sales people...They always come into my house cuttin up my pennies with their fancy "never sharpen" knives! Bah..I want my penny back!
The fed buys these by weight, but pays only about .8 cents for a one cent coin. Higher denominations bring nearly face by weight. I believe they accept delivery only in New York so it is not cost effective for most banks or individuals to ship them.
The lower price for cents may be to discourage grinding up copper cents to get their worth in zinc cents.
Comments
scissors ...it looks like to me....just makes no cents!
"Just makes no cents"
Thats a good one
Dennis
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<< <i>They did this in the early 19th century with coins in the Dutch colonies. A guilder was cut in 4 pieces and spend as a quarter. I believe they did it with reals too....
Dennis >>
Yup...which is why they are also called, "pieces of eight."
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
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Jim
Tape it together and put it in a CoinStar machine
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bring nearly face by weight. I believe they accept delivery only in New York so it is not cost effective for
most banks or individuals to ship them.
The lower price for cents may be to discourage grinding up copper cents to get their worth in zinc cents.