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 Replies: 25 / Views: 3,727 |
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Pillar of the Community
Australia
7096 Posts |
Poll Question
I love these big crown size coins and think that they should be in circulation.
We have the 1 and 2 dollar coins why not a five dollar coin as well.
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Pillar of the Community
Australia
4411 Posts |
I think this is a great idea. The $5 notes just don't last long enough. I wouldn't be surprised if when the queen passes our currency will we changed and we will see a $5 circulation coin. Only downside is its a lot of weight to sit in the pocket.
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Pillar of the Community
 Australia
7096 Posts |
10 x 50 cent coins weighs 141g 5 x $1 coins weighs 45g 2 x $2 + $1 coins weighs 22.2g 1 x $5 coin weighs 20g A five dollar coin would actually be lighter  Edited by trout1105
01/29/2012 02:32 am
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Valued Member
Australia
312 Posts |
It won't be changes any more
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Pillar of the Community
1119 Posts |
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Pillar of the Community
Australia
762 Posts |
Quote:
A five dollar coin would actually be lighter Still no where near as light as a $5 note. With the polymer notes having such a long lifespan there is no need to replace the $5 note. |
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Pillar of the Community
Australia
4411 Posts |
My evidence is purely anecdotal but not too many $5 notes seem to make it past 6-7 years old. That is not very long when a coin can circulate for 50+ years. As trout corrected me they are light, long lasting and something new.
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Pillar of the Community
Australia
762 Posts |
Quote:
not too many $5 notes seem to make it past 6-7 years old Thats still a long time. The paper $1 notes were only lasting a few months just before they were replaced by the $1 coin. I also don't think that introducing a crown sized coin will be very popular with the public. Especially considering the rest of the world is actually reducing the sizes of their coins. If it didn't catch on in 1937/38 then it is less likely to in 2012. I just looked in my wallet and I have two $5 notes in it. The thought of carrying around 2 crown sized coins in addition to the change I already have isn't something that I would enjoy.  |
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Bedrock of the Community
Australia
21786 Posts |
Should happen in Canada Australia New Zealand and the U.S.
The nearest current value equivalent would be the two pounds in the U.K.
Not of much use in Zimbabwe.
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Pillar of the Community
Australia
7096 Posts |
Quote:
Should happen in Canada Australia New Zealand and the U.S.
The nearest current value equivalent would be the two pounds in the U.K.
Not of much use in Zimbabwe.
Would be sweet if they put a crocodile or a jabiru as the reverse. Or if we are real lucky a George and the dragon on it |
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Pillar of the Community
Australia
4411 Posts |
St george and the dragon would be good. Crocodile is also a good idea. Personally I would go with a Kookaburra or wheat stalks. |
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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
16829 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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Replies: 25 / Views: 3,727 |
Posted 01/29/2012 02:32 am
