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Anyone Think Australia Might Change It's Coins?

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Australia
16849 Posts
 Posted 12/28/2011  08:01 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
the base metal price is only part of the cost of production of a coin.

True, but it is by far the largest part. Non-material cost of production is typically less than a cent each for small round coins, to a few cents each for the large, funky-shaped 50 cents.

Quote:
so you are in fact agreeing that in the real world only a republic would change the obverse of our coins.

For the foreseeable future, yes I would agree. But just because you and I have trouble imagining a situation where the queen is removed from the coinage without us formally becoming a republic, doesn't mean it will never happen. Stranger things have happened in Australian politics.

Imagine this hypothetical scenario: republican sentiment running high in two or three of the larger states, but low in the rest. A referendum for a republic could get a clear overall majority vote, yet still fail to secure the required majority of states. Under such circumstances, a federal government might feel justified in going with the apparent anti-monarchy majority opinion and remove the monarch from the coinage.

I mainly raised the point to illustrate that "Australia becoming a republic" and "removing the queen from the coinage" are in fact two separate issues - we can in theory do one without doing the other. We could, in theory, even do what Fiji did: become a republic but keep the queen on the coinage.
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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Australia
1005 Posts
 Posted 12/28/2011  08:12 am  Show Profile   Bookmark this reply Add ozcoins to your friends list Get a Link to this Reply
Pretty sure I read somewhere that the metal value of a 5c was higher than 5c for a while. Might have been wikipedia.
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