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What exactly can a penny buy these days? This is a question often asked. Google the question and you will find a few answers. Not much, apparently, according to most. Well, I was pleasantly surprised when I actually set out to make purchases for one cent. This blog documents the various items I scored for a penny or less.

What qualifies a purchase as a penny loot? The cost of anything mentioned in this blog includes the purchase price, tax, shipping and handling fee, if any. If a rebate is involved, the postage to mail it is part of the cost. If a coupon is bought and used in the deal, that figures into the total as well. And the total cost must be equal to or less than US$0.01. The item must also be procured from a source available to the public - "My aunt gave me a sweater" doesn't count.

Some costs are not included in the one cent total. Chief among them is the time and effort to hunt for and complete the deals. Gas and mileage is not counted if a trip to the store is required. Computer and office equipment amortization, paper and ink expenditures are all excluded.

As expected, quite a few of the items I bought came from China. Depending on your tastes and needs, some of the stuff may be considered totally worthless. But that is not the point of this exercise.

This blog also does not dwell on where and how the items were bought. I frequent a few deal sites for information that lead to some of the purchases. The various auction sites are also a treasure trove to explore. But I would rather devote the blog to present the results - the items I obtained for a penny or less, in no particular order.

Tuesday, April 19, 2011

North Korea Bank Note - Uncirculated 5 Won Year 2002 (2009)

Brand new paper bills from the isolated country.  One cent each.  Here is the description (2002 is the year they were printed and 2009 is when they went into circulation:)
North Korea 2002 (2009) New Re-denominated 5 Won UNC Money.  1 new Won = 500 old Won .

They came in a clear plasic folio.  So crisp I was afraid to touch them with my ungloved hands.

As of Tuesday, April 19, 2011, the exchange rate is 1 North Korean Won (KPW) = 0.007407 US Dollar (USD.)  You see I am not gaining much here as each has a face value of only 3 to 4 cents.
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