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 Replies: 19 / Views: 11,144 |
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New Member
22 Posts |
Yes, put aside any 5, 10 & 20 dollar notes prior to 2003 as they are on the destroy list
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Valued Member
Australia
490 Posts |
Hmmm, see my thread in this sub section about noodling in hospital today, seems to go against pre-1980's coins being removed unless this is an anomaly in coin distributions.
Will also start paying more attention to older poly notes, thanks.
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New Member
22 Posts |
Make up as many 5 cent collections as possible as they have a limited lifespan remaining before they will be stopped.
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Pillar of the Community
Australia
762 Posts |
When I was a Bank teller back in the 80s we used to pull out any damaged notes from circulation and return them to the Reserve Bank as "mutes" (mutilated notes). As far as I can remember we never took any coins out of circulation. It doesn't make any sense to me that pre 1980 coins or pre 2003 notes would be removed from circulation. I can't see someone being paid to simply "noodle" coins and notes all day painstakingly checking each year to see whether it gets withdrawn or not. Why remove a perfectly good 1966 coin or 1999 note? In my opinion it is just general wear and tear and age that are seeing older coins and notes slowly disappear from circulation, not from having them removed (unless the coin is a 1972 5c  ). |
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New Member
22 Posts |
It's not bad return for 5 cents. It is suprising that it is worth a bit of money for the amount minted. There are numerous coins out there with less minted.
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Valued Member
Australia
490 Posts |
I agree with MobOfRoos, this is how I always understood the process to work.
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Pillar of the Community
Australia
841 Posts |
we are talking about millions and millions and millions of coins here so WHERE are they all going considering there's a dozen or so collectors. It's you isn't it nancy, you got them all when your son had his shop, LOL.
So there's billions of dollar or cent I should say just floating around..must be like super HAHAHAHA sorry
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Pillar of the Community
Australia
841 Posts |
PS I agree about the notes as they're crap and are easly made into shrinkies when heated(mini notes), but coins should last for..well look at some and you can say over 100 years easy. I have just made a set of a 1911 US one cent and 2011 one cent and now working on my canadian..but the US one are still using the same old coins so..don't know but somethings going on
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Formerly nancyc
Australia
5385 Posts |
life is a mystery to be lived not a problem to be solved
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Valued Member
Australia
278 Posts |
do we have a few members in this thread that are the same person?
I am seeing similar writting styles and thought patterns....
they are talking to each other but I get the feeling it is the one human being.
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Pillar of the Community
Australia
762 Posts |
Quote:
we are talking about millions and millions and millions of coins here so WHERE are they all going considering there's a dozen or so collectors. lol As difficult as it is to believe, not everyone in Australia is obsessed with coins like we are. Many people will not even bother to pick up 5c if they drop it. I remember as a kid putting 2c peices on the train tracks so I could admire the squashed copper after they had been run over by a train. In short, coins are lost, destroyed, buried, collected, exported to New Zealands circulating currency, melted, squashed. Over nearly 50 years those losses accumulate. |
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Pillar of the Community
 Australia
1005 Posts |
If people REALLY cared, we could get a large sample of coins, count up the numbers for every year and compare to the ratios that each year was produced in.
eg if there were 100 million coins produced in 1980 and 100 million coins produced in 2000, you would expect to find the same numbers of 1980 and 2000 coins in a large sample of coins - although losses of the older coins would make things not equal, and you could see how big the difference was.
I have considered doing that, and think it would be a very good way to work out the rate they disappear from circulation, but would take a lot of work.
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Pillar of the Community
Australia
841 Posts |
I do care but that's a BIG job..way to big for this little black duck, but just say the word and I'll help in any way I can.
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Pillar of the Community
Australia
841 Posts |
Hey nanncy, glad I could tickle your funny bone..but I'm still onto you  . I'm a roach now but born a bender HAHAHA. NOW Gecko..WHAT WHAT WHAT, what do you mean "same person"? Please explain(quote-P.Hanson) LOL. I hope your not talking about me 'cause "there can be only one" (Quote-highlander) LOL. So who are the two peas in a pod..it wouldn't be the grumpy old men would it . Stevo mmmate, looks like we're team grumpy . |
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Valued Member
Australia
490 Posts |
Happy to be on the grump team!
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Replies: 19 / Views: 11,144 |
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First Page
Posted 12/06/2011 04:50 am
