What is the slang for money shrapnel?

The five-cent coin, often colloquially referred to as "shrapnel," holds a unique position in the realm of currency. As the smallest denomination both in value and physical dimensions, it has garnered a distinctive nickname.

This moniker, "shrapnel," is not a recent development but rather a tradition carried forward from an earlier era. It stems from the abolition of one- and two-cent coins in 1996, when these smaller denominations ceased to be a part of daily commerce.

Prior to their demise, the one- and two-cent coins shared a similar fate to the five-cent piece, being the smallest and least valuable coins in circulation. Their elimination left the five-cent coin as the sole representative of this category.

The term "shrapnel" has thus become synonymous with the five-cent coin, embodying its status as the smallest and most basic unit of currency in many people's minds. It serves as a reminder of a bygone era when smaller coins were more prevalent.

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