Monday, January 15, 2007

it's just a coincidence.

I know you're keenly interested in money. Coincidentally, so am I. Through the next several posts, I will write about Japanese coins. Today's coin is the one-yen coin, the coin with the least value.

Value: 1 yen = 0.008299 US dollar (as of today)
Material: aluminum 100%
Weight: 1.0 gram
Size: 20 millimeters in diameter, 1.2 millimeters thick.

Trivia:
  • Most minted coin.
  • The cost to mint a one-yen coin is more than 1 yen. So the more one-yen coins are minted, the more deficit the government gets.
  • The one-yen coins minted in 2001 are rare. Hence, coin-collectors may buy them at more than 1 yen per coin.

Good bye.


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