currency

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Target Is About to Nix This Form of Payment

As of next week, customers won't be able to pay by personal check

(Newser) - Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once-ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex. The Minneapolis-based discounter confirmed the move in a statement to the AP on Tuesday, citing "...

'Best Open Secret Ever' Could Sell for $72M

Butter magnate LE Bruun had asked that coin collection be safeguarded for 100 years before sale

(Newser) - The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death and could fetch up to $72 million. Lars Emil Bruun, also known as LE Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years...

Zimbabwe Rolls Out 6th Currency Since 2009
Zimbabwe Rolls Out
New ZiG Currency
Apr 30, 2024 7:18 PM CDT

Zimbabwe Rolls Out New ZiG Currency

It's the country's 6th currency since 2009

(Newser) - Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people. The ZiG was introduced electronically in early April, but people are now able to use banknotes and...

We Throw Out a Massive Number of Coins Each Year

And one company is scooping them up by the millions

(Newser) - Americans' coins don't just end up between the couch cushions. They also land in the trash, in great quantities, a fact that sustainable-waste processing company Reworld is taking advantage of. The Wall Street Journal profiles the company's now-seven-year effort to retrieve coins from our waste. "At a...

George Michael Gets His Own Coins
George Michael
Gets His Own Coins
Feb 26, 2024 11:20 AM CST

George Michael Gets His Own Coins

Wham! frontman will grace front of limited-edition currency issued by UK's Royal Mint

(Newser) - You gotta have more than "Faith" to pocket the new George Michael coin. A commemorative minting of coins that rolled out in the UK on Monday ranged in price from a couple of banknotes to a small fortune as the late musician continues to rack up posthumous honors years...

Argentina's New President Kicks Off His 'Shock Measures'

Javier Milei says drastic currency devaluation, cuts to energy and transportation subsidies are needed

(Newser) - Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with an economic emergency. Economy Minister Luis Caputo said in a televised message that the Argentine peso will be...

Family Finds Small Fortune in Late Man's Home, All in Pennies

And the 1 million coins are worth more than $10K—they're made of pure copper

(Newser) - For years, California real estate agent John Reyes, his wife, and members of her extended family have been slowly (as their schedules allow) cleaning out the home of her late father, Fritz, located in the Pico-Union neighborhood of Los Angeles. One find in particular, however, in the deceased German immigrant'...

India Is Pulling Its Biggest Banknote From Circulation

People are scrambling to offload 2,000-rupee notes

(Newser) - A change announced by India's government last week has left shopkeepers across the country short of change. The government is taking the 2,000-rupee bill, India's largest bank note, out of circulation later this year and many citizens, especially those without bank accounts, are scrambling to find businesses...

He Went to Buy One Plane Ticket. Ended Up Buying 25—Quickly

Herman Yip took advantage of error to scoop up $250K worth of All Nippon Airways tix for $17K

(Newser) - Herman Yip was recently looking online to book a trip from Jakarta to Aruba, and the deal he found underscores the importance of being in the right place at the right time—and having the gumption to take a little risk. Per Bloomberg , the 32-year-old Hong Kong resident discovered he...

Australia Is Dumping King Charles From $5 Bill

New bank note will feature Indigenous design to replace Queen Elizabeth

(Newser) - Australia is removing the British monarchy from its bank notes. The nation's central bank said Thursday its new $5 bill will feature an Indigenous design rather than an image of King Charles III, the AP reports. But the king is still expected to appear on coins. The $5 bill...

Value of This Rare, Storied Nickel Will Blow Your Mind

Liberty Head nickel kept in closet for 41 years is worth $4.2 million

(Newser) - There are five US nickels dated 1913 that carry Lady Liberty on the front and a "V" on the back. Two are held in museums and a third just sold for a whopping $4.2 million—or 84,000,000 nickels. That's because the 1913 Liberty Head nickel...

UK Pound Falls to Record Low, as a 'Perfect Storm' Looms

Economists warn nation's newly pledged tax cuts could help drive it straight into recession

(Newser) - The British pound fell to an all-time low against the US dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government's economic policy as the United Kingdom teeters toward recession. The pound fell as low as $1.0373, its...

New 'Remarkable' Women's Quarters Starts With a Big One

US Mint has started shipping quarters with image of poet Maya Angelou, first in a series

(Newser) - The United States Mint said Monday it has begun shipping quarters featuring the image of poet Maya Angelou, the first coins in its American Women Quarters Program. Angelou, an American author, poet, and civil rights activist, rose to prominence with the publication of I Know Why the Caged Bird Sings...

North Korea's Currency Is Doing Something Weird

Unofficial exchange rate has surged 25% despite country's many economic woes

(Newser) - Something strange is happening with North Korea's currency—and while analysts aren't sure what the cause is, few believe it's a sign of a healthy economy. The official exchange rate for the North Korean won has long been around 100 to the dollar, but according to outlets...

Happy 'B-Day,' El Salvador
Happy 'B-Day,' El Salvador
Sep 7, 2021 8:19 AM CDT

Happy 'B-Day,' El Salvador

Starting Tuesday, bitcoin can be used as legal tender nationwide

(Newser) - Earlier this year, El Salvador became the first country to give bitcoin the green light as legal tender. And Tuesday is "B-day," the day that legislation goes into effect, with Salvadorans now able to use the cryptocurrency in any transaction. Residents in the country—which has had the...

Dow Closes Down 767 Points After China's 'Breaking 7' News

The yuan has dropped to the 7-per-dollar level

(Newser) - By late afternoon local time Monday, one Chinese yuan was worth 14.2 cents. It hasn't been that low since February 2008, and that puts it "below the politically sensitive" seven-per-dollar level. The "breaking seven" news garnered comments from President Trump and triggered Wall Street's worst...

She Sold Her Family Home. She Didn't Know About the Secret Safe

Now, legal wrangling over the Civil War-era gold certificates found inside that are worth millions

(Newser) - A story out of New Jersey has both legal experts and Reddit threads buzzing , and has spurred both a civil lawsuit and a criminal trial. It involves a secret safe hidden under the basement stairs of an Asbury Park home once owned by Elaine Palmer, who died in 2004, and...

The Harriet Tubman $20 Bill Isn't Coming in 2020 After All

We won't know if she'll for sure be on it until 2026

(Newser) - The 108th anniversary doesn't have quite the same ring to it, but that's apparently how it's going to be. Treasury Secretary Steven Mnuchin on Wednesday announced that the redesigned $20 bill—which former Treasury Secretary Jacob Lew in 2016 decided would feature Harriet Tubman—will not be...

Toddler Shreds $1K in Cash
Toddler Shreds $1K in Cash
Oct 5, 2018 2:37 AM CDT

Toddler Shreds $1K in Cash

Parents had saved it for college football tickets

(Newser) - Leo Belnap, a 2-year-old boy in Holladay, Utah, loves putting junk mail and other paper in the shredder that he sometimes helps his mom with. Unfortunately for his parents, some of the paper he put through it recently was green and had pictures of presidents on it. Ben and Jackee...

Bitcoin Used in 2010 to Buy 2 Pizzas Now Worth $82M

The cryptocurrency has gone up in price just a bit since then

(Newser) - Hallmark may need to update its official list of holidays . Tuesday was Bitcoin Pizza Day, or what Business Insider calls "the most celebrated day in crypto," marking the eighth anniversary of when programmer Laszlo Hanyecz made what's thought to be the very first purchase with bitcoin. That...

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