The $1 coin When was the last time you saw THIS coin? No related posts. By felicia|2018-02-28T17:13:31+08:00February 28th, 2018|Categories: Identify Photographs|10 Comments Share This Story, Choose Your Platform! FacebookTwitterLinkedInRedditWhatsappGoogle+TumblrPinterestVkEmail Related Posts Teen Idols? Gallery Teen Idols? Singing with emotion Gallery Singing with emotion Then & Now – Movie Posters Gallery Then & Now – Movie Posters ‘Reel’ life Gallery ‘Reel’ life Sports Idol Gallery Sports Idol 10 Comments Ipoh Remembered February 28, 2018 at 8:46 pm - Reply Possibly of interest: The “$” sign was originally two characters, a “p” and a superscript “s” — an abbreviation for “pesos” that was used by 16th-century Spanish conquistadores as they looted the New World of its people and its gold. The “$” symbol as we know it today seems to be an 18th-century version of the above, invented by Anglos who traded with the Spanish. And our word “dollar” is derived from the German word taler, short for Joachimstaler, which was a silver coin from Joachimstal, a mining town. Ngai C O February 28, 2018 at 11:33 pm - Reply Hi, I think it was first put into circulation in 1971 and withdrawn in 2005. Why? Forgery, unpopular, expensive to produce or the $1 plastic money was lighter but not any better to handle than the paper version. Someone out there can better explain. Apparently, the old one cent coin cost four and a half times to produce. The UK just introduced the new 12 sided £1 in 2017 to try to beat counterfeit at about 2.5 to 3.5 % of the old round coins in circulation. A gangster said one could buy £1,000 worth for £250. As for the plastic that replaces the paper version, it is definitely harder to handle because it is too smooth. The $1 is particularly bad but one has to grit and put up with it. felicia March 1, 2018 at 9:25 am - Reply Hello Ngai. I thought it was withdrawn before 2005…when they changed $ to RM…maybe I was mistaken. Ngai C O March 1, 2018 at 2:06 pm - Reply Hi felicia, I had to look to wikipedia for an update as I am partly living in the past. Firstly, it says the $ sign was dropped from the coin in 1993 and replaced by RM. The coin was withdrawn from circulation in 2005. I was surprised to read that the ringgit was in obsolete Malay meaning jagged as in the old Spanish notes with jagged edges. In Cantonese daily life, we still use the same language when referring to local currency like when I was a kid. Absolutely no change. felicia March 1, 2018 at 4:48 pm - Reply Ngai, I think I read the same Wiki article…yes, the $ sign was dropped in 1993. I recall my primary school days, when we were just about getting used to writing ‘$’ next to numbers for currency…and suddenly our teachers said we had to write ‘RM’ instead. 😉 Ngai C O March 1, 2018 at 8:03 pm - Reply Hi felicia Thank You. I wonder whether the teachers ever explained the reason or just told you lot to get on with it. It was very typical in my days in primary school. Often, asking many questions would be frowned upon. Or if a question was irrelevant, a sharp response would be a stupid question. Chuah TC March 8, 2018 at 5:49 pm - Reply I think the $1 coin that was discontinued in 2005 is different from the one pictured above; more like this one: https://www.lelong.com.my/1993-malaysia-1-ringgit-coin-km-54-year-issued-bu-unc-vivashopper-174321409-2016-04-Sale-P.htm felicia March 1, 2018 at 9:23 am - Reply Thank you, Ipoh Remembered. I didn’t know about this until I read your comment. Ipoh Remembered March 1, 2018 at 8:44 pm - Reply Dear Ngai C O … I was surprised to read that the ringgit was in obsolete Malay meaning jagged as in the old Spanish notes with jagged edges. Not notes — coins with jagged edges. It’s interesting, though, isn’t it, that both our dollar sign and the word “ringgit” point back ultimately to Spanish (as opposed to British) colonial coinage? Ngai C O March 1, 2018 at 9:07 pm - Reply Hi Ipoh Remembered, If you google Ringgit Wikipedia, you would find a raft of information about how the Ringgit evolved. And there is mention of Spanish currency that links to Ringgit as you posted. For example, up to 1975, dollars and cents were used in English and ringgit and sen used in Bahasa. The word ringgit might have originated from Sanskrit as it was used in Java in wayang kulit. Leave A Comment Cancel reply Comment Save my name, email, and website in this browser for the next time I comment. Prove that you are a human!