The 5 Cent Coin Has All But Been Axed.

Even though as individuals we use cash less now, because of our increasing population they are minting more coins and printing more notes than they ever have before.






Yes I saw that too and it surprised me. The last time there was a rumour about the demise of the 5c coin was in 2011 when high commodity prices were making the 5c unviable. Commodity prices are much lower now than they were in 2011 so I would be surprised if they were still unviable.

MOR, are you sure that they are minting more coins? The population increase is 2%/year so it isn't that important compared to inflation at 3% or the growth rate of electronic transactions (over 10%).
Also I had a quick look at mintages of the 5 cent and 20 cent coins, they are both well down since 2008.
At the train station yesterday I saw a new notice; they are phasing out many paper train tickets in September and people will need to get the electronic tickets.That alone will reduce the demand for coins overnight by more than a few years increase in population could increase demand.
Think back to all the things that used to cause coins to circulate, leaving coins out for the milko (history), pay phones (nearly none left), poker machines (now coinless),buying the daily newspaper (sales down 75% and still declining), bus and trains (going electronic), retail (80% now electronic and increasing).
Leaves only small corner shops, food carts, bars, garage sales and drug dealers as the only ones still mostly dealing in cash.