DailyDirt: Big Money, Small Change

from the urls-we-dig-up dept

We've discussed the possibility of killing off the US penny before, as well as Canada's plans to actually put an end to its penny. Some folks really hate these small denomination coins, but really large denominations aren't too popular, either. Here are just a few links on some money that won't see circulation.

• The US Treasury is technically allowed to mint platinum coins of any denomination -- but at least one lawmaker wants to prevent the possibility of a trillion dollar coin. TL;DR -- does this bill prevent the minting of a half-trillion coin? [url]
• There's less than a month left for folks to hoard Canadian pennies because starting February 4th, the Royal Canadian mint will no longer distribute 1-cent coins. Only cash transactions will be affected, requiring people to round to the nearest nickel. [url]
• Hungary once produced currency with a denomination of 100 million billion Pengos. That's 100,000,000,000,000,000,000 Pengos -- worth about 20 cents in the US. [url]

If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.

Filed Under: coins, currency, denominations, mint, pengo, penny, platinum