Jungastian 1 Centavo Coin

The Jungastian 1 Centavo coin is a specific coin, not minted except for ceremonial use.

The tradition dates back from the token gesture given to those who came to the aid of Jungastian ships in distress. It was, in Eurybian culture, common for foreign navies to charge a fee for rescue. The Armada Real made a point in opposing this practice and thus began settling its bills with potentially enormous quantities of 1 centavo coins - the lowest denomination available.

From this practice, the Armada switched to specially minting solid silver 1 centavo coins, of which one single coin would be given. Each coin remains legally valued at 1 centavo, and can - in theory - be used to make payment in any situation one may use a regular centavo coin. However, as the coins are issued only as a result of a successful rescue, are solid silver, and each coin is marked with a unique serial number and with the year of minting, the coins themselves have become worth significantly more than their face value. In 2018, a coin marked for the rescue of NSM Santo André in 1799 by the navy of Agrana y Griegro sold for a record 950.000₢00($750,000). A year later, another coin marked for the rescue of NSM Espírito dos Mares in 1812 by the Goetic ship SMS Eisensill sold for a near-record 830.000₢00($645,000).

The longevity of the Jungo-Agranan alliance and proximity of the two nations, has resulted in many hundreds of coins being stored in the Naval Service Headquarters in Monte Real. There are estimated to be a total of 1,500 coins still extant to of an estimated 4,000 issued following their introduction in the mid-1500s.