LOOSE CHANGE: SEPTEMBER 5, 2021

To watch the video, see:
The Future of the Coin Collecting Hobby - Conversations with Young Numismatists at ANA Coin Show (https://www.youtube.com/watch?v=M_DTtZRUCnc)

   

In 1909 much enthusiasm was generated for the forthcoming cent by various newspapers. The Mint received requests galore from banks, businesses, and others who wanted to have a supply of the new cents on hand. To anticipate the demand, 25 million were struck before distribution began on August 2nd. The popularity proved so great that Sub-Treasury outlets and banks rationed the new cents to a limit of 100 per customer. Long lines formed at the payout windows of various Treasury Department outlets. On August 5th supplies ran out, and signs were posted reading, NO MORE LINCOLN PENNIES. For the next few days newsboys, street sellers, and others had a field day selling the pieces at premiums. As usual in such instances, tales of scarcity helped fuel the demand. It was widely stated that there was a mistake in the design, and all the pieces would be recalled.

To read the complete article, see:
Bowers on Collecting: 1909 introduction of the Lincoln cent generated public enthusiasm (http://news.coinupdate.com/bowers-on-collecting-1909-introduction-of-the-lincoln-cent-generated-public-enthusiasm/)

Adonis Buemia delivered ice for a living for three decades.

In the course of this time, the 70-year-old was able to save enough to buy a house, a brand new tricycle, and even set aside almost P50,000 in cash from his daily income of P300.

Each day, he saved P100 from his takehome pay and tucked it away inside a cabinet in his home.

To his dismay, the solo parent and a primary caregiver to a special child later discovered that his cash stash literally disintegrated inside their hiding place the cabinet after termites feasted on them.

Desperate to save his hard-earned cash, Buemia commented on the Facebook account of a program in a local TV station for help. In turn, the program referred his case to the BSP.

In a statement, the Bangko Sentral ng Pilipinas’ Currency Policy and Integrity Department (CPID) immediately pre-evaluated what was left of the termite-infested bills.

To read the complete article, see:
BSP replaces man’s termite-damaged peso bills worth P50,000 (https://business.inquirer.net/329578/bsp-replaces-mans-termite-damaged-peso-bills-worth-p50000)

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