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How many coins does it take to make a million dollars?
1 or 2 million for sure The question can't be answered unless you know what the coins' denominations are. For example, it would take 1 million $1 coins, obviously, but only 50,000 $20 coins (no longer made) or at the other end, 100 million pennies.
Are coins worth less in a proof set?
Coins in proof sets are generally worth a bit more than coins used in general circulation.
What is The smallest number of coins that will total exactly 17.85?
To determine the smallest number of coins that will total exactly 17.85, we need to consider the denominations of the coins available. If we have coins in denominations of 0.01, 0.05, 0.10, 0.25, 1.00, and 2.00, we can use a combination of these coins to reach 17.85. The smallest number of coins needed would be achieved by using the highest denomination coins first, followed by the smaller denominations to make up the difference. The specific combination of coins would depend on the availability of each denomination and the constraints of the problem.
How many different combinations is there for having only 7 coins equaling to a dollar?
The answer will depend on the country whose dollar you mean. Different countries, that use dollar, have coins of different denominations.
How many combinations of coins can make one pound?
To determine the number of combinations of coins that can make one pound, we must consider the various denominations of coins in circulation. In the British currency system, there are eight common coins: 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2. To calculate the number of combinations, we can use a mathematical approach called the "coin change problem," which involves dynamic programming to efficiently compute the possible combinations. The exact number of combinations would depend on the specific constraints and parameters set for the problem.
What denominations of silver coins are in circulation in Australia?
The denominations of silver coins in circulation in Australia are threepence, sixpence, shilling, florin, crown, round and the State Series. There are varying degrees of silver in each of these denominations with the crown having the highest percentage of silver.
What coins are under 20p?
In British coinage the denominations lower than the 20p coin are the 10p, 5p, 2p, and 1p coins. There was also a half penny coin but this was withdrawn from circulation in 1984.
Why are coins used for small denominations and bills for large denominations?
Coins are more durable and cost-effective for small denominations because they have a longer lifespan and don't wear out as quickly as paper currency. Bills are more convenient for larger denominations because they are easier to carry and are generally easier to count and handle for larger transactions.
What is the value of Australian 1 cent coin?
These coins are no longer in circulation, but unless they are part of a Proof or Uncirculated mint set or are individual Proof or Uncirculated coins and in absolute mint condition, they are worth 1 cent. The last Australian 1 cent coins were put into general circulation in 1990 and are now, no longer in circulation. There were "Mint Packs" released in 1991 for collectors.
What are London 1991 Queen Elizabeth coins worth?
Assuming that you refer to British coins, the 1991 5, 10 and 50 Pence coins are no longer in circulation and have little or no value. The 1, 2 and 20 Pence coins and the One Pound coins are still in circulation and are worth those amounts respectively.
How long does a nickel stay in circulation?
The average amount of time that a nickel stays in circulation is 25 years. Any coins that are no longer fit for circulation can be redeemed at the United States Mint.
What denominations of coins were issued in 1816?
The only U.S. coins issued in 1816 were Large Cents. No other denominations were made.
What denominations of dinar are used today in Iraq?
Denominations of dinar used in Iraq today include banknotes in values of 250, 500, 1,000, 5,000, 10,000, 25,000, and 50,000. Coins are also in circulation, with values up to 1,000 dinars.
What are the different coin denominations of US currency?
Currently, there are the following denominations of US coins minted for circulation:1 cent coins (pennies)5 cent coins (nickels)10 cent coins (dimes)25 cent coins (quarters)1 dollar coins (the Native American and Presidential one dollar coins).While these are the only coins currently being produced for general use, there are a number of other coins such as commemorative coins and silver and gold coins that the Government is minting which have varying denominations. These include50 cent coins (half dollars, made of copper-nickel). Halves were minted for circulation until a few years ago but are now only made for collectors due to low demand."silver eagles" (1 oz of silver)"gold eagles" (0.10, 0.25, 0.50, and 1.00 oz of gold)"platinum eagles" (same weights as gold eagles)
How long does a dollar coin last?
Circulation life of modern coins is 30 years with most lasting longer.
What are three coins that are no longer in production?
Many coins are no longer made. Among US coins there are half-cents, two cent and three cent coins, half dimes, double dimes, and several denominations of gold coins. Any EU state that adopted the euro no longer makes its old national coins such as lira, marks, or francs. England, Australia, and New Zealand decimalized their coins in the 1960s and 1970s so old pence, shillings, florins, half-crowns, threepence, sixpence and other coins are no longer in use.
How many US silver coins denomination were there in 1851?
6 denominations were in circulation and dated 1851: Dollar, Half dollar, Quarter, Dime, Half dime and the 3 cent piece.
