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The coin worth less than any other in the world

February 26, 2013 in Canadian Coins, Coins, News, USA Coins, World Coins

By Laura Gray BBC News (http://www.bbc.co.uk) 25th, February, 2013

This month the Canadian mint stopped distributing the penny, or one-cent piece, as it costs more to make than it is worth. It’s far from being the lowest-value coin around, however. Some central banks are clinging on to coins that are truly “small change”

 

There are many precedents for scrapping small coins. The US abolished the half-cent in 1857 and the UK’s halfpenny was withdrawn in 1984. New Zealand and Australia abandoned the one-cent and two-cent coin in the 1990s.

Now some campaigners in the US and UK want the penny to be scrapped, because nothing can be bought with a one-cent or one-penny coin.

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