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Re: OT: coins and currency

From:Nik Taylor <yonjuuni@...>
Date:Saturday, January 7, 2006, 6:48
Michael Potter wrote:
> As Roger Mills said, the last large-size silver dollar was the > Eisenhower dollar
The Eisenhower dollar wasn't silver, just the size of a silver dollar.
> and starting next > year, Presidential dollars.
Yep. I'm looking forward to those. :-)
> Personally, I would like to see $5, $10, and even $20 coins.
I'd like those too. :-) Hence, my Kassi having a 3-khof (~$25) coin.
> The problem with pennies (or cents, as pedantic numismatists say) is > that they cost *more* to produce than they are worth. Seriously. One > penny costs on average something like 1.25 cents to actually mint.
The figures I've seen is that a penny still costs less than 1 cent to make. The US mint says it costs .81 cents to produce a penny http://www.usmint.gov/faqs/circulating_coins/index.cfm?action=faq_circulating_coin#cost
> As for sub-cent coins, the US minted a half-cent until right before the > Civil War (1857, I think)
Local governments produced mil tokens, however, well into the 60's. I find it odd that the half-cent was discontinued in 1857, when the dollar was wroth about twice as much as in 1800. I'd listed teh Kassi's earlier, but made a couple of small errors. Corrected: There's also ¼ and ½ zalh coins, originally intended to ease the transition to duodecimal (as were ¼ and ½ khof coins, but those were never popular), as 1 duodecimalized zalh would be equal to ¾ old zalh, making those coins 1/3 and 2/3 of the planned duodecimal currency. For a while, there were coins of 2¼, 4½, 9, 27, and 54 zalh (in duodecimal notation, .03, .06, .10, .30, .60 kh), but those were generally despised, and quickly abandoned (except for the 54-zalh - ½ khof - which remains to this day, though uncommon) Corrected modern currency: Coins ¼z ½z 1z 3z 6z 12z 36z ½kh (54z; uncommon) 1kh 3kh 6kh (uncommon) 12kh (rare) Banknotes 3kh (uncommon) 6kh 12hk 36kh 72kh 144kh 432kh The Fifth Empire survived for about 2 centuries, beginning at a technology level roughly analogous to mid-20th century, and progressing at a little slower than we did. They managed their currency at zero (average) inflation, until their collapse.

Replies

Michael Potter <mhpotter@...>
tomhchappell <tomhchappell@...>coins and currency -- penny, denarius, solidus, soldier, as --