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South Africa To Elimate 5 Cent Coin And Change 10 Cent Coin

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kena's Avatar
United Kingdom
1682 Posts
 Posted 01/20/2012  05:27 am Show Profile   Bookmark this topic Add kena to your friends list Get a Link to this Message Number of Subscribers
Not sure if this has been posted before:

http://www.businessday.co.za/articl...px?id=159596

Published: 2011/11/24 01:32:37 PM

Five-cent coins to be discontinued

The Cabinet says five-cent coins will no longer be produced from April 1 next year, and the 10-cent coin will get a new look

South Africa's five-cent coin is to be phased out soon, government spokesman Jimmy Manyi said on Thursday.

The Cabinet had noted the discontinuation of production of the five-cent coin from April 1 next year, he told reporters in a briefing on the last regular Wednesday Cabinet meeting of this year.

The 10-cent coin will be replaced with a new coin from the same date, he said. It will be the same size, but the metal content will change from bronze-plated steel to copper-plated steel.

This will make it cheaper to produce 10-cent coins.

Mr Manyi said the Cabinet had also approved the SA Mint's commemorative coin designs for 2012.

These include the 2012 Natura series 24-carat gold coin, the 2012 R2 (1/4-ounce) commemorative 24-carat gold coin, the 2012 R1 (1/10th) commemorative 24-carat gold coin, and the 2012 R2 Crown size and 2½-cent (tickey) silver coins.

Others are the 2012 R2 Crown-Olympics Games coin, the 2012 R2 Crown-Centenary of the Race to the South Pole coin, and the 2012 50-cent, 20-cent, 10-cent and five-cent sterling silver commemorative coins.

The coins will now be promulgated in the Government Gazette.
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wquinn's Avatar
United States
2295 Posts
 Posted 01/25/2012  1:32 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
That is pretty interesting to hear and it is becoming more common with countries now, since the lower denominations are losing money.
Valued Member
United States
89 Posts
 Posted 01/25/2012  3:26 pm  Show Profile   Bookmark this reply Add Mpc to your friends list Get a Link to this Reply
Rather than eliminate it why not use a plastic coin as an replacement, is it the fear of counterfeiting?
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