When You Least Expect It

It will probably be a little bit before you see 2017 pounds, they just released the 2016's a month ago.

So you got some 2 kronor at face value? Nice! Keep checking exchange offices and other places where cash still is used. As said before, people won't know they're holding silver. You'll see a lot more silver in circulation now when paying with cash. It happened in Holland too, just before the Euro arrived.

The government announces (usually with a LOT of warning) that a certain coin, or dollar bill is no longer legal tender as of a certain date. This has never happened in the United States (not counting the Confederate States). Oh, but in Mexico, Argentina, Brazil and many other countries, this is almost a "common" occurrence.

OK, cheers for that. Maybe they'll be around when I visit the UK next time.




I shouldn't have doubted the possibility




I'm actually amazed that this is not a thing in Canada, the US and other places like Denmark, Singapore, Chile and Egypt (from the top of my head)

I suppose the respective central banks' view on coins and notes as well vary a lot. Usually old coins are simply withdrawn through circulation channels such as banks, but sometimes central banks want more control of circulating coins and completely demonetize them. Good thing is that coins still in circulation have the desired specifications and not a multitue of sizes, shapes, designs and materials. The bad thing is literal tons of now worthless coins remain in and outside of people's homes. I've got bags full of old demonetized Swedish and other European coins, and the vast amount is only worth its scrap value. Most of these coins were valid for 10 to 20 years ago.




Well, they aren't small at all but they aren't very valuable either. I like to compare them to US 40% silver half dollars, since the diameter is identical (31mm) and the coins are very rare in circulation. These coins are slightly heavier at 14 grams of 40 % silver, in SEK that is about 27 kr, in USD it's about $3. 13.5x face value on these!

They surrendered, and the country ceased to exist, which demonitized all their currency.

That is why Confederate money is worth more now than 'real' dollars.

Yes but it is a matter of timing. Back when I first got interested in numismatics in the 1960's confederate currency was still worth less than its face value. The larger denominations much less. You could buy decent Confederate 10's 20's and 50's for two or three dollars apiece. !00's might cost you $10. And it had taken 100 years to get them to come up to that value. Now they are much higher.