# 1/20 of one cent??

**URL:** <https://boards.straightdope.com/t/1-20-of-one-cent/1515>\
**Category:** Factual Questions\
**Created:** [June 25, 1999, 2:06pm UTC](https://boards.straightdope.com/t/1-20-of-one-cent/1515 "1999-06-25T14:06:00Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\
**Post date:** [June 25, 1999, 2:06pm UTC](https://boards.straightdope.com/t/1-20-of-one-cent/1515/1 "1999-06-25T14:06:00Z")

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What does it mean when coupons say “cash value 1/20 of one cent” ?? Are there people out there who collect thousands of coupons and turn them in for profit? And, were I one of these persons, who would I go about turning them over to?

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**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\
**Post date:** [June 25, 1999, 4:41pm UTC](https://boards.straightdope.com/t/1-20-of-one-cent/1515/2 "1999-06-25T16:41:00Z")

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Cecil answered this in one of his older books. I couldn’t find the link for it though. Basically its to adhere to some laws that these things have to have a cash value and they put it low enough that no one would bother collecting them in order to cash them in.

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**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\
**Post date:** [June 26, 1999, 4:50pm UTC](https://boards.straightdope.com/t/1-20-of-one-cent/1515/3 "1999-06-26T16:50:00Z")

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[http://www.straightdope.com/classics/a1\_329c.html](http://www.straightdope.com/classics/a1_329c.html)