coins

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Even Beggars Don't Want Zimbabwe's New Coins

Locals consider them worthless

(Newser) - American bills have been used in Zimbabwe since the country adopted the US dollar in 2009. American coins? Not so much. Coins are more difficult to get into circulation, so locals had been using lollipops, gum, and pens as change, Reuters reports. Last month, however, Zimbabwe introduced its own "... More »

Man Slept in Car for Days to Guard Discovered Treasure

UK man with metal detector found 22K Roman coins

(Newser) - Laurence Egerton's metal-detecting excursions often resulted in such "treasures" as old shotgun cartridges and other "rubbish," he says. But last November, the UK builder found something much better—22,000 fourth-century Roman coins, the biggest such cache ever found in Britain. The coins, which date from... More »

NY Parking Cop Swiped $89K —in Coins

Jeffrey Daday could see 15 years in prison

(Newser) - Jeffrey Daday apparently liked to dip his hand into the cash register. Or more specifically, into parking meters. The New York man worked as a parking enforcement officer for five years in the village of Mount Kisco and stole $89,000 in coins over that time, police tell the Journal ... More »

Insurance Firm Pays $21K of Settlement in Coins

Employees dropped off buckets of loose change to 73-year-old

(Newser) - Andres Carrasco was likely happy to hear in June that he was being awarded a settlement from an insurance company after one of its workers allegedly assaulted him. He was definitely not happy to see how $21,000 of that settlement recently arrived at his attorney's office—in 5-gallon... More »

Mysterious Coin Stash Unearthed—After 2K Years

26 Roman and Late Iron Age coins found in Derbyshire

(Newser) - A cave in Britain may have been the perfect hiding place for a stash of coins … because 2,000 years passed before anyone found them. A climber sheltering from the rain happened upon four coins in Dovedale, Derbyshire, reports the Ashbourne News Telegraph , which led to a National Trust... More »

Town Changes Rules After Odd Bill Payment

No longer can residents pay up with shoebox full of coins

(Newser) - A Pennsylvania township is asking residents to keep the change. Officials in Millcreek Township have adopted a policy limiting how much change they'll accept from residents paying sewer bills and other fees. One official tells the Erie Times-News that they came up with the policy after a woman showed... More »

Jersey Official Steals $460K ... in Quarters

But Thomas Rica now has to pay it all back or go to jail

(Newser) - Last year, the public works inspector in Ridgewood, NJ, got caught stealing $500 in quarters from the room where the village dumped all its parking-meter coins. To say that's not the half of it doesn't even come close. The investigation that sprang from Thomas Rica's arrest revealed... More »

We Lost $105M Making Pennies, Nickels

Time to take the nickel out of nickels?

(Newser) - Making small change was a big money-loser for the US Mint—and the American taxpayer—last year for the eighth year in a row, with the loss from making pennies and nickels adding up to $105 million. Rising metal prices have made the cost of minting the coins rise to... More »

TSA Took $531K From Our Pockets Last Year

...because we forgot to put our change back in our pockets

(Newser) - The change in your pockets is lining the TSA's, well, pockets. The Washington Post shares the results of the TSA's 2012 fiscal report, which shows that it made off with a record $531,395.22 in change that travelers forgot to collect from security bins. (From 2008 through... More »

Scientist's Quest: Unlock Secret of Ancient Coins

He's returning to islands where WWII soldier found 1K-year-old coins

(Newser) - Ancient coins, a map with an "X," a secret cave: It sounds like something out of a kid's book. Instead, it's an Australian professor's archaeological quest. During World War II, a soldier stationed on the Wessel Islands off northern Australia found several mysterious coins in... More »

America's Most Fascinating Nickel Sells for $3.2M

...or 63.45 million nickels

(Newser) - America's most fascinating nickel sold yesterday for a staggering 63.45 million nickels—or $3,172,500, reports the Chicago Tribune . The 1913 Liberty Head nickel is one of only five known to exist, and had been expected to go for $2.5 million. Not bad for a coin... More »

This Is the Least Valuable Coin in the World

And you thought the penny was paltry...

(Newser) - The Canadian mint has started its effort to wipe the penny from existence, and plenty of people in the US (including President Obama ) would like to do the same . But the BBC reminds us that the one-cent piece isn't the smallest to change hands in US history—the... More »

Virginia to Consider Minting Its Own Coins

House agrees to spend $17K on a special panel

(Newser) - Virginia is apparently for haters of the Federal Reserve: One state legislator wants the state to mint its own coins in case the US dollar collapses. It may sound pie-in-the-sky, but Virginia's House of Delegates agreed on Monday to set up a $17,000 panel to explore the move.... More »

Canadian Pennies Are No More

Mint stops distributing coins today

(Newser) - That's it for Canada's penny: Today is the last day the coin will be distributed after minting stopped in May as a cost-saving measure . Still, there are 6 billion pennies in circulation, so they could be around for a long time: "We estimate three to four years"... More »

America's Most Fascinating Nickel Set to Fetch Millions

Liberty Head was illegally cast, deemed fake. Now it's for sale

(Newser) - A humble five-cent coin with a storied past is headed to auction a century after it was mysteriously minted, and bidding is expected to top $2 million. The 1913 Liberty Head nickel is one of only five known to exist, but it's the coin's back story that adds... More »

Coin From 1652, Found in Potato Field, Sells for $430K

Sixpence is just one of 8 known to exist

(Newser) - A silver Colonial Massachusetts coin from 1652 that was found in a potato field has been auctioned for $430,000. Newsday reports that a New York woman found the coin, one of just eight known to exist, 23 years ago with a metal detector. It garnered four times as much... More »

Robbers Spend Rare Coins at Face Value ... on Pizza

Young couple nabbed for coin theft in Washington state

(Newser) - A tip for rare-coin robbers: Spending your loot at face value for a pizza tends to draw a little attention. That's what police say happened when Dakoda Garren, 19, threw down an old Liberty quarter worth up to $18,500 for a purchase at Rocky's Pizza in Battle... More »

1873 Dime Sells for $1.6M

It was minted in Carson City

(Newser) - A one-of-a-kind dime minted in 1873 sold for $1.6 million at a Philadelphia auction last night, reports AP . The coin depicts a seated Lady Liberty, and it is thought to be the lone survivor from a one-day minting of dimes at the renowned (in coin circles, anyway) mint in... More »

Canada Phasing Out Pennies

Coin has become a nuisance: government

(Newser) - The Canadian government has decided to save millions of dollars by pinching the penny out of existence. The Royal Canadian Mint—which makes 25 pennies per Canadian every year, at a cost of 1.5 cents per coin—will stop producing pennies next month, and the government will start withdrawing... More »

People Left $409K in Coins at Airport Checkpoints

And the TSA is keeping it

(Newser) - Your weird stat of the day, courtesy of the Hill : Passengers left behind $409,085.56 in spare change while going through airport security checkpoints last year. The biggest haul by far came at JFK, where about $47,000 was collected, followed by Los Angeles International ($19,000), Atlanta's... More »

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