Earn Money as a Revenue Coin Affiliate

 

In the history of money, there have been several coins for which we've had trouble figuring out their purposes.

In 1794, the British minted a penny that was supposed to last just 10 years. The rumor was that it would wear out in 1795. It happened: After 10 years, the coin was still in circulation.

In 1802, the British minted a half-penny that was supposed to last 15 years. The rumor was that it would wear out in 1803, and it did.

In 1907, the British government minted two pennies that were supposed to last 15 years. The rumor was that they would wear out in 1908, but they didn't.

These were just rumors, of course. There was no real reason to think the coins would wear out, and they weren't really designed that way. But people were obdurately insistent that the coins would wear out, and so the rumor began to be repeated nonetheless.

The coins were, however, really designed that way.

Here's how.

The uncirculated coins, which were supposed to be used as currency, had 1907 on one side and 1908 on the other. The coins were supposed to wear out in 1908. But because they were uncirculated, there were a lot of them around. People could use them as currency, so they started circulating. After a while, people began to notice how many were in circulation, and began using them as currency. A circulation, of course, shortens the life of a coin.

In 1908, the coins stopped being minted and were taken out of circulation. But by that time, there were still a lot of them around.

The rumor, of course, is false. The coin was minted to last 10 years, and that's how long it lasted.

The penny was minted in 1794 to celebrate the centenary of the reign of George III, but an engraving error caused the word "One" to be backwards. Because currency images are supposed to be read right-to-left, the mistake was obvious. The coin was withdrawn from circulation.

The story was that these coins were to be used to pay for high-interest loans. That seems odd, since the loan would have to be for a very large amount of money, and the interest rate on the loan would have to be much, much higher than 5 percent.

In 1935, the United States Mint minted two coins: a 5-cent piece with a motto "In God We Trust" and a 25-cent piece with no motto at all. The idea was that the motto coin would be given to the

A decade wasn't so much a time limit as a durability limit. The mint put a little more silver in it than was necessary, and then used more silver than necessary to make the coins. They thought that after 10 years the coins would start to deform, so they would break off if you tried to bend them. But there was no end of pressure on the mint to fix something, and the coins lasted.

In 1792, a new silver coin was issued for circulation in Ireland, with a face value of 5 shillings. The silver value was supposed to be 8 shillings, so less than half the value of the coin would be silver. It was quickly discovered that one shilling was worth less than 1/8 of the value of the coin. The reason was inflation: The coin was printed with too much silver, and the value of silver went up.

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