Knowledge (XXG)

Mill (currency)

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or hundredths, and milles or thousandths, a disme being the tenth part of a dollar, a cent the hundredth part of a dollar, a mille the thousandth part of a dollar, and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to
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Today, most Americans would refer to fractions of a cent rather than mills, a term that is widely unknown. For example, a gasoline price of $ 3.019 per gallon, if pronounced in full, would be "three dollars one and nine-tenths cents" or "three (point) zero-one-nine dollars". Discount coupons, such
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was decimalised in 1972 on the "pound and mil" system. The coinage included denominations of 2 mils, 3 mils, and 5 mils from 1972 to 1994, with 10 mils being equal to one cent. While prices could still be marked using mils until 2008, when the country switched to the
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noted that the Equitable Insurance Company had been keeping accounts in mils (rather than in shillings and pence) for such purposes for over 100 years. Such a unit of a thousandth of a pound would have also been similar in value to the
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Some exchanges allow prices to be accounted in ten-thousandths of a dollar ($ 29.4125 = 29,412.5₥ for example). This last digit is sometimes called a "decimill" or "deci-mill", but no exchange officially recognizes the term.
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By the time British currency was decimalised in 1971, the farthing had been demonetised eleven years prior, in part due to having its value eroded by inflation; thus, the mil was no longer necessary.
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depreciated the value of these tokens in relation to the value of their constituent materials; this depreciation led to their eventual abandonment. Virtually none were made after the 1960s.
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was decimalised using the "pound and mil" system in 1955, and lasting until 1983. However, coins smaller than 5 mils ceased being used in the mid 1960s. When switched to
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of 1 cent". There are also common occurrences of "half-cent" discounts on goods bought in quantity. However, the term "mill" is still used when discussing billing in the
1463: 1013: 1359: 1354: 497: 400:. For example, a broker that charges 5 mils per share is taking in $ 5 every 1000 shares traded. Additionally, in finance the term is sometimes spelled "mil". Cf. 1293: 421: 1349: 384:, that is, 1,000,000 per 1,000,000,000 currency units of assessed valuation on all private property throughout the "mill yard" or property tax levy district. 1174: 189:. While this system was never adopted in the United Kingdom, the currencies of some British or formerly British territories did adopt it, such as the 1430: 1283: 603:. The Israeli pruta lasted until 1960, and the Jordanian fils until 1992, and in Supermarket prices and taxi meters well into the 21st century. 1288: 1278: 1273: 1209: 1456: 1257: 1006: 1425: 1379: 1364: 1309: 1324: 1166: 1123: 983: 509: 108: 270:
in this denomination were issued by some states and local governments (and by some private interests) for such uses as payment of
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Britain, he has it denominated in cents, mills, and "milrays", or tenths of a mill (the name perhaps suggested by "
326:". The term is also commonly used when discussing stock prices, the issuance of founder's stock of a company, and 35: 1880: 1329: 1194: 1141: 949: 252: 248: 161: 484:
Mills are or were formerly used in some cities to express property tax rates, in the same manner as in the U.S.
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Ma Tak Wo 2004, Illustrated Catalogue of Hong Kong Currency, Ma Tak Wo Numismatic Co., LTD. Kowloon, Hong Kong.
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in 1786, being described as the "lowest money of account, of which 1000 shall be equal to the federal dollar".
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as those for grocery items, usually include in their fine print a statement such as "Cash value less than
57: 1679: 1179: 397: 1555: 1875: 1592: 1415: 1410: 1219: 1044: 1034: 753:. An early proposed (but not accepted) design for the 1-rin coin used "1 mil" in the Romanized text. 381: 229: 157: 134: 881: 663: 1503: 1404: 1184: 570: 236: 1762: 1530: 1113: 1064: 1049: 785: 1712: 1689: 1674: 1669: 1617: 1059: 979: 1664: 1627: 1397: 1319: 1089: 1074: 616: 186: 126: 217: 82: 1796: 1508: 1472: 1420: 1390: 1384: 1100: 1069: 1039: 967: 712: 703: 632: 599: 578: 566: 244: 190: 165: 830:"Chapter XVI. An Act establishing a Mint, and regulating the Coins of the United States" 1828: 1790: 1767: 1752: 1732: 1622: 1607: 1580: 1488: 1084: 1079: 699: 684: 673: 648: 493: 183: 926: 902: 453: 1869: 1722: 1570: 1498: 991: 695: 628: 593: 574: 327: 323: 145:, used in several countries as one-thousandth of the base unit. It is symbolized as 1778: 1747: 1717: 1694: 1602: 1586: 1560: 771: 746: 733: 680:, 10 milliemes equal 1 piastre (25 piastres is the smallest currently-minted coin). 541: 338: 194: 841:. Vol. I. Boston, Massachusetts: Little, Brown and Company. pp. 246–251. 852: 1652: 1545: 1520: 1094: 1054: 960: 707: 557: 430: 426: 401: 169: 24: 150: 1818: 1772: 1657: 1647: 1642: 1637: 1632: 1612: 1575: 761: 720: 573:
from 1927 to 1948, was divided into 1,000 mils. Its successor currencies, the
501: 416: 267: 168:). In the United Kingdom, it was proposed during the decades of discussion on 349:"). For instance, with a millage rate of 2.8₥, a house with an assessment of 1813: 1808: 1550: 1540: 1493: 1344: 369: 346: 342: 291: 279: 271: 156:
In the United States, it is a notional unit equivalent to a thousandth of a
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500 mil (£P½) note issued by the Anglo-Palestine Bank in Tel Aviv in 1948
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in 1983, a ½-cent coin was struck that was abolished a few years later.
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Hansard Parliamentary Papers, HC Deb, 12 June 1855, vol 138, cc1867-909
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introduced a fictional elaboration of the mill in his 1889 novel
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was the lowest denomination issued by the British government in
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REPORT (1862) FROM THE SELECT COMMITTEE ON WEIGHTS AND MEASURES
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With respect to property taxes, a "mil" is also slang for one
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of the United States shall be expressed in dollars or units,
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are also expressed in terms of mills per dollar assessed (a
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Unit of currency, worth one one-thousandth of the main unit
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Proposed on several occasions as a means of decimalising
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describes milles and other subdivisions of the dollar:
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under the "pound and mil" system suggested in 1855 by
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In the United States, the term was first used by the
691:(10 millimes is the smallest currently-minted coin). 1845: 1827: 1703: 1479: 1302: 1266: 1218: 1165: 1122: 1027: 667:1/2 Millieme, Kingdom of Egypt 1938, King Farouk I 368:units of currency, especially as a rate expressed 241: 1457: 1007: 619:; it was eliminated due to its unpopularity. 274:. These were of inexpensive material such as 8: 422:A Connecticut Yankee in King Arthur's Court 1464: 1450: 1442: 1014: 1000: 992: 396:, particularly in conjunction with equity 204:"millesimum", meaning "thousandth part". 109:Learn how and when to remove this message 643:Coins are minted in 10, 20, 50, and 100 793: 927:"SEC Market Structure Concept Release" 903:"SEC Market Structure Concept Release" 828:Peters, Richard, ed. (April 2, 1792). 264:worth 5 mills each from 1793 to 1857. 7: 814:Journals of the Continental Congress 345:, known more widely in the US as a " 47:adding citations to reliable sources 1426:Citizens Coinage Advisory Committee 553:Mandatory Palestine, Israel, Jordan 500:, the mil was occasionally used in 1365:Counterfeit United States currency 1022:United States currency and coinage 14: 801:Shorter Oxford English Dictionary 591:division, respectively named the 429:, introduces decimal currency to 425:. When Hank Morgan, the American 260:The US Mint in Philadelphia made 1801: 1789: 1777: 1585: 1513: 1109:Bureau of Engraving and Printing 778: 764: 749:was formerly divided into 1,000 452: 312:as shorthand for the lengthier " 23: 863:from the original on 2021-08-03 838:United States Statutes at Large 392:The term mill is often used in 34:needs additional citations for 1431:Promotional fake denominations 1375:National Numismatic Collection 1315:Black Eagle Silver Certificate 1175:America the Beautiful (silver) 569:, used as the currency of the 1: 571:British Mandate for Palestine 736:has been divided into 1,000 932:. Tradeworx, Inc. p. 5 908:. Tradeworx, Inc. p. 5 1897: 1267:Discontinued denominations 803:, 6th Ed., Vol. 1, at 1782 355:(2.8 × 100,000) = 280,000₥ 507:The 1862 report from the 1205:American Palladium Eagle 382:long scale of numeration 200:The term comes from the 1705:Obsolete and historical 1340:Continental dollar coin 1210:American Liberty (gold) 1200:American Platinum Eagle 1190:American Buffalo (gold) 710:are divided into 1,000 655:remain in circulation. 512:on Weights and Measures 310:electric power industry 153:character in Unicode. 1360:Canceled denominations 1355:Obsolete denominations 1040:Federal Reserve System 723:is divided into 1,000 687:is divided into 1,000 676:is divided into 1,000 668: 611:Between 1863 and 1866 562: 376:units of currency per 258: 225: 1335:Continental banknotes 1180:American Silver Eagle 666: 560: 398:market microstructure 220: 1416:Replacement banknote 1310:Bicentennial coinage 1045:Federal Reserve Note 651:. Older coins of 5 498:Sir William Brown MP 230:Continental Congress 158:United States dollar 135:Commonwealth English 58:"Mill" currency 43:improve this article 1846:Generic placeholder 1405:Novus ordo seclorum 1350:Large denominations 1220:Current paper money 1195:First Spouse (gold) 1185:American Gold Eagle 647:, thousandths of a 237:Coinage Act of 1792 1330:Confederate dollar 1114:Mutilated currency 966:2009-06-09 at the 853:"Sales Tax Tokens" 786:Numismatics portal 669: 563: 464:. You can help by 226: 160:(a hundredth of a 1863: 1862: 1439: 1438: 1152:Half dollar (50¢) 482: 481: 119: 118: 111: 93: 1888: 1881:Currency symbols 1855: 1805: 1793: 1781: 1660: 1589: 1517: 1473:Currency symbols 1466: 1459: 1452: 1443: 1320:Brasher Doubloon 1016: 1009: 1002: 993: 986: 976: 970: 958: 952: 947: 941: 940: 938: 937: 931: 923: 917: 916: 914: 913: 907: 899: 893: 892: 890: 889: 882:"per mil symbol" 878: 872: 871: 869: 868: 857:www.brianrxm.com 849: 843: 842: 834: 825: 819: 810: 804: 798: 788: 783: 782: 781: 774: 769: 768: 767: 613:the one mil coin 590: 589: 585: 528: 527: 523: 510:Select committee 477: 474: 456: 449: 360: 356: 352: 322:of a dollar per 321: 320: 316: 307: 306: 302: 256:this regulation. 245:money of account 181: 180: 176: 164:or a tenth of a 127:American English 114: 107: 103: 100: 94: 92: 51: 27: 19: 1896: 1895: 1891: 1890: 1889: 1887: 1886: 1885: 1866: 1865: 1864: 1859: 1853: 1841: 1823: 1699: 1658: 1475: 1470: 1440: 1435: 1421:Sales tax token 1391:E pluribus unum 1385:In God We Trust 1380:Coin production 1298: 1262: 1214: 1167:Bullion coinage 1161: 1124:Current coinage 1118: 1101:The Dalles Mint 1023: 1020: 990: 989: 977: 973: 968:Wayback Machine 959: 955: 948: 944: 935: 933: 929: 925: 924: 920: 911: 909: 905: 901: 900: 896: 887: 885: 880: 879: 875: 866: 864: 851: 850: 846: 832: 827: 826: 822: 818:August 28, 1786 811: 807: 799: 795: 784: 779: 777: 770: 765: 763: 760: 704:Jordanian dinar 661: 641: 625: 609: 587: 583: 582: 579:Jordanian dinar 567:Palestine pound 555: 538: 525: 521: 520: 490: 478: 472: 469: 462:needs expansion 447: 414: 390: 358: 354: 353:would be taxed 350: 336: 328:cigarette taxes 318: 314: 313: 304: 300: 299: 215: 210: 191:Palestine pound 178: 174: 173: 141:) is a unit of 115: 104: 98: 95: 52: 50: 40: 28: 17: 12: 11: 5: 1894: 1892: 1884: 1883: 1878: 1868: 1867: 1861: 1860: 1858: 1857: 1849: 1847: 1843: 1842: 1840: 1839: 1833: 1831: 1829:Cryptocurrency 1825: 1824: 1822: 1821: 1816: 1811: 1806: 1799: 1794: 1787: 1782: 1775: 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1217: 1211: 1208: 1206: 1203: 1201: 1198: 1196: 1193: 1191: 1188: 1186: 1183: 1181: 1178: 1176: 1173: 1172: 1170: 1168: 1164: 1158: 1155: 1153: 1150: 1148: 1147:Quarter (25¢) 1145: 1143: 1140: 1138: 1135: 1133: 1130: 1129: 1127: 1125: 1121: 1115: 1112: 1110: 1107: 1103: 1102: 1098: 1096: 1093: 1091: 1088: 1086: 1083: 1081: 1078: 1076: 1073: 1071: 1068: 1066: 1065:San Francisco 1063: 1061: 1058: 1056: 1053: 1052: 1051: 1048: 1046: 1043: 1041: 1038: 1036: 1033: 1032: 1030: 1026: 1017: 1012: 1010: 1005: 1003: 998: 997: 994: 985: 984:962-85939-3-5 981: 975: 972: 969: 965: 962: 957: 954: 951: 946: 943: 928: 922: 919: 904: 898: 895: 884:. Tech Target 883: 877: 874: 862: 858: 854: 848: 845: 840: 839: 831: 824: 821: 817: 815: 809: 806: 802: 797: 794: 787: 776: 773: 762: 757: 752: 748: 744: 741: 740: 735: 731: 728: 727: 722: 718: 715: 714: 709: 705: 701: 697: 696:Kuwaiti dinar 693: 690: 686: 682: 679: 675: 671: 670: 665: 659:Related units 658: 656: 654: 650: 646: 638: 636: 634: 630: 629:Cypriot pound 622: 620: 618: 614: 606: 604: 602: 601: 596: 595: 581:retained the 580: 576: 572: 568: 559: 552: 550: 548: 543: 535: 533: 530: 529:of a pound). 518: 513: 511: 505: 503: 499: 495: 487: 485: 476: 467: 463: 460:This section 458: 455: 451: 450: 444: 442: 440: 436: 432: 428: 427:time traveler 424: 423: 418: 411: 409: 405: 403: 399: 395: 387: 385: 383: 379: 375: 371: 367: 362: 348: 344: 340: 333: 331: 329: 325: 324:kilowatt hour 311: 295: 293: 289: 285: 281: 277: 273: 269: 265: 263: 257: 254: 250: 246: 240: 238: 233: 231: 223: 219: 213:United States 212: 207: 205: 203: 198: 196: 192: 188: 185: 171: 167: 163: 159: 154: 152: 148: 144: 140: 136: 132: 128: 124: 113: 110: 102: 91: 88: 84: 81: 77: 74: 70: 67: 63: 60: –  59: 55: 54:Find sources: 48: 44: 38: 37: 32:This article 30: 26: 21: 20: 1757: 1403: 1396: 1389: 1369: 1157:Dollar ($ 1) 1099: 1060:Philadelphia 974: 956: 945: 934:. Retrieved 921: 910:. Retrieved 897: 886:. Retrieved 876: 865:. Retrieved 856: 847: 837: 823: 812: 808: 800: 796: 772:Money portal 750: 747:Japanese yen 737: 734:Libyan dinar 724: 711: 688: 677: 652: 644: 642: 626: 610: 598: 592: 575:Israeli lira 564: 542:Maltese lira 539: 531: 519:coin (worth 508: 506: 491: 483: 470: 466:adding to it 461: 420: 415: 406: 391: 372:"‰", as one 363: 337: 334:Property tax 296: 266: 259: 242: 234: 227: 199: 195:Maltese lira 182:division of 155: 146: 130: 122: 120: 105: 96: 86: 79: 72: 65: 53: 41:Please help 36:verification 33: 1876:Numismatics 1481:Circulating 1137:Nickel (5¢) 1095:Manila Mint 1090:New Orleans 1075:Carson City 1035:U.S. dollar 742:since 1971. 708:Iraqi dinar 402:basis point 251:or tenths, 99:August 2023 1870:Categories 1142:Dime (10¢) 1132:Penny (1¢) 1070:West Point 936:2014-10-26 912:2014-10-26 888:2007-06-25 867:2021-10-20 758:References 721:Omani rial 502:accounting 473:April 2013 417:Mark Twain 262:half cents 224:mill token 184:sterling's 69:newspapers 1411:Nicknames 1345:Funnyback 1294:$ 100,000 1085:Dahlonega 1080:Charlotte 1050:U.S. Mint 678:milliemes 617:Hong Kong 607:Hong Kong 431:Arthurian 370:per mille 351:$ 100,000 347:mill rate 343:mill levy 292:inflation 290:. Rising 280:aluminium 272:sales tax 243:That the 151:MILL SIGN 137:, except 1289:$ 10,000 964:Archived 861:Archived 689:millimes 653:millimes 645:millimes 577:and the 517:farthing 494:sterling 378:milliard 359:$ 280.00 222:Missouri 193:and the 143:currency 1303:Related 1284:$ 5,000 1279:$ 1,000 739:dirhams 639:Tunisia 586:⁄ 524:⁄ 439:milreis 412:Fiction 394:finance 388:Finance 380:on the 374:million 366:million 317:⁄ 303:⁄ 284:plastic 177:⁄ 83:scholar 1055:Denver 1028:Topics 982:  706:, and 623:Cyprus 445:Canada 435:myriad 268:Tokens 249:dismes 149:, the 139:Canada 85:  78:  71:  64:  56:  1274:$ 500 1258:$ 100 930:(PDF) 906:(PDF) 833:(PDF) 726:baisa 633:cents 594:pruta 536:Malta 357:, or 288:paper 253:cents 208:Usage 202:Latin 187:pound 172:as a 129:) or 90:JSTOR 76:books 1370:Mill 1253:$ 50 1248:$ 20 1243:$ 10 980:ISBN 745:The 732:The 719:The 713:fils 694:The 683:The 672:The 627:The 600:fils 597:and 588:1000 565:The 547:euro 540:The 319:1000 235:The 179:1000 166:cent 162:dime 123:mill 121:The 62:news 1768:Pts 1748:ℒ𝓈 1723:₢$ 1718:Դր. 1238:$ 5 1233:$ 2 1228:$ 1 751:rin 526:960 468:. 441:). 286:or 276:tin 131:mil 45:by 1872:: 1819:𐆘 1814:𐆗 1809:𐆙 1797:𐆚 1773:ℛℳ 1648:Rs 1628:රු 1623:रू 1521:$ 859:. 855:. 835:. 702:, 698:, 504:. 404:. 330:. 305:10 282:, 278:, 197:. 1854:¤ 1837:₿ 1785:₷ 1763:ℳ 1758:₥ 1753:₶ 1743:₤ 1738:₠ 1733:₯ 1728:₰ 1713:₳ 1695:円 1690:¥ 1685:₩ 1680:₮ 1675:₸ 1670:₺ 1665:৳ 1659:C 1653:₪ 1643:꠸ 1638:௹ 1633:૱ 1618:₹ 1613:₽ 1608:៛ 1603:﷼ 1598:元 1593:₱ 1581:₦ 1576:£ 1571:₾ 1566:₭ 1561:₴ 1556:₲ 1551:F 1546:ƒ 1541:€ 1536:₼ 1531:֏ 1526:₫ 1509:¢ 1504:₡ 1499:₵ 1494:฿ 1489:؋ 1465:e 1458:t 1451:v 1015:e 1008:t 1001:v 939:. 915:. 891:. 870:. 816:, 729:. 584:1 522:1 475:) 471:( 315:1 301:1 175:1 147:₥ 133:( 125:( 112:) 106:( 101:) 97:( 87:· 80:· 73:· 66:· 39:.

Index


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"Mill" currency
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American English
Commonwealth English
Canada
currency
MILL SIGN
United States dollar
dime
cent
decimalisation
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pound
Palestine pound
Maltese lira
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Coinage Act of 1792
money of account

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