• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
0

Nearly worthless coin

0
mtitamu

2,538 views

And some people say that the cent is useless...

There has been discussion in the news about the usefulness of the cent coin. The cost to make a cent coin in the US has exceeded the value of the cent for several years now. Several nations in the Euro zone have effectively eliminated the 1 and 2 euro cent from use. Eventually the US cent will go away as well.

Below is a photo of a 5-cent coin from the nation of Mauritius, a small island to the east of Madagascar, that is still in circulation today. It is a copper plated steel coin that is slightly larger than the US cent coin. The main unit of money in Mauritius is the Rupee which has been worth about 3.3 US cents for the last nine years. With 20 of the 5-cent coins making a Rupee, each Mauritian 5-cent coin is worth about one-sixth of a US cent!

5102.JPG.0de52ac11b956cf7d50be0452a61e940.JPG

0



0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now