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Pillar of the Community
 Australia
7096 Posts |
I forgot about the Kookaburra. Looks great on the Perth Mint 1oz coins  And is an Australian icon as well, good thinking enwarb |
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Moderator
 Australia
16868 Posts |
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I love these big crown size coins and think that they should be in circulation. You wouldn't love them if you actually had to use them on a daily basis instead of a $5 note. They're just too darned big and cumbersome for modern commerce. We hated "Casey's Cartwheels" back in 1937, the Americans hated the Ike dollar in the 1970s, we hated the Parliament house $5 in 1988 (the few that escaped into circulation, that is) and anyone with any common sense would hate any other crown-sized coin. Nowhere in the world has successfully introduced a coin that big into circulation since at least the 1960s. If a circulating $5 coin were introduced at all, it would be a bimetallic one, but now even that won't happen. They've missed the window. They started experimenting with those bimetallic NCLT $5 coins back in the 1990s, but in the end they introduced the polymer notes instead of coins. The extra lifespan gained from switching to polymer is enough to make the polymer $5 the cheapest option. If polymer note technology had been ready-to-use back in 1987, they probably would have replaced the paper $2 with a polymer $2, and we'd still be using a polymer $2 note. But the technology wasn't quite up to the task back then. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
7096 Posts |
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6 coins is plenty
You mean 8 don't you or have you forgotten about the 1 and 2 cents. Plus another 6 with the pre decimal coins. The more coins out there the more we can collect, we are coin collectors after all. But my point in the first place is that coins last far longer than notes and to be quite honest what can you really buy with a $5 note anyway. Most vending machines ask for more than $2 for an item anyway, so instead of shoving a handful of coins into it you could just put 1 coin in and noodle the change. And most machines that take notes reject the $5 cos they are wrinkled and buggered anyway. Even a road-kill coin will work |
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Pillar of the Community
Australia
7096 Posts |
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They're just too darned big and cumbersome for modern commerce This is a 50 cent coin on top of a $5 coin, The 50 cent has been with us since 66 and is not much smaller and they have a place in modern commerce   |
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Valued Member
Australia
258 Posts |
doesn't bother me, but I get bummed about losing money, and a coin is a lot easier to hear than a note hitting the ground so I might find it quite good :)
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Pillar of the Community
Australia
560 Posts |
We ahould just have a 10, 50 cent, 1 and 5 dollar. That would make life simpler, and most states that issued currency, either issued one denomination and or smaller coinage.
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Moderator
Australia
16868 Posts |
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This is a 50 cent coin on top of a $5 coin, The 50 cent has been with us since 66 and is not much smaller and they have a place in modern commerce The 50 cents is too big for modern commerce, too. If Australia didn't have a 50 cent coin and we tried introducing one now, it would be nowhere near as large as the one we now use. Objectively, all the Australian coins are too big for their buying power. We're the only country in the Commonwealth still using the old £sd-sized coins. The age of circulating crown-sized coins has come and gone, I'm afraid. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Germany
1064 Posts |
Surely they would just make a $5 coin that was a of a decent size, bimetallic at that. Something like the size of a €2 coin perhaps. But if they overhauled the whole system then it would matter really, they could make it whatever size they like.
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Pillar of the Community
Australia
762 Posts |
If I put my coin collectors hat on I would say: Great idea, more coins to noodle, I'll be able to read the year easily and look forward to spectacular commemoratives.
But if I then put my Joe Public hat on I would say: You have to be kidding, the coins we've already got are too big and cumbersome, why would I want even bigger ones wearing a hole in my pocket?
I also suspect (and this would be the clincher as far as the RAM are concerned) the cost of producing a crown sized $5 coin would already be pretty close to $5.
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Pillar of the Community
Australia
2180 Posts |
I don't think so. It just seems to make more sense as a note considering that a few other major currencies have similar denominations as notes rather than coins.
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Pillar of the Community
Australia
3831 Posts |
Not against it. I've been in Japan where the highest denomination coin is 500 yen and lowest denomination note is 1000 yen, which is pretty much 5-6 dollars and 10-12 dollars respectively. (depending on the exchange rate)
On the other hand, let's think of this the other way around - imagine if you try to gather a date run set of 5 dollar coins. Can be awfully expensive if this goes on for more than 10-20 years! Unfortunately, I'm doing this for the Japanese 500 yen coin which a fair bit of money is tied up...
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Pillar of the Community
Australia
560 Posts |
Forget about the 500 yen, how about the Swiss 5 Francs, that is more expensive.
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Valued Member
Canada
60 Posts |
I have probably lost a small fortune in coins out of my pants pockets. I don't think I've ever lost a paper note out of my wallet and onto the ground, couch, etc. I'd be quite annoyed if I lost a couple of $5 coins out of my pocket. But from a collectors veiwpoint, we'd probably get some interesting commemorative $5 coins over the years.
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Pillar of the Community
Australia
877 Posts |
When the 5¢ is withdrawn would be a good time.  Roll on the day I say. Jeff |
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Pillar of the Community
Australia
2180 Posts |
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I've been in Japan where the highest denomination coin is 500 yen and lowest denomination note is 1000 yen, which is pretty much 5-6 dollars and 10-12 dollars respectively. (depending on the exchange rate) That's interesting. Most of the countries I've been to have had denominations similar to $5 as notes rather coins (which is why it seems to make more sense for me). |
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Posted 01/29/2012 06:58 am
