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Circulating 2012 $2 Remembrance Day Coloured Coin

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FNQ's Avatar
Australia
507 Posts
 Posted 02/10/2012  08:33 am Show Profile   Bookmark this topic Add FNQ to your friends list Get a Link to this Message Number of Subscribers
The previously untouched $2 coin looks set to get a new lease on life.

Even though the design brief has been made available, the nature of the final product to hit your pocket is still vague - perhaps 1000 words (instead of 62) may have helped with the visualisation, but I'd settle for a picture

Anyway, after a bit of research into coloured coins released into the wild (in contrast to their caged siblings), it appears expectations for durability of the coloured highlight is in the vicinity of 3 years subject to wear.

This got me wondering about design methods that could potentially prolong the life of the coloured poppy by reducing surface contact and resultant wear, such as elevated rims, a design that makes use of relief to protect the poppy, or making the poppy recessed.

It also brought up a few questions regarding potential production techniques, such as;

What method is likely to be used to apply the red colouration to the coins?
Would the "hyper-metallic" finish be practical for large scale production, and viable durability-wise?
What technique did the Canadian mint use for production of their quarters?

The use of colour on higher value circulating coins does offer scope as a security measure to reduce the likelihood of counterfeits in the absence of bi-metallics, although there does not appear to have been any widespread issues in this area and $2 is, well, small change nowadays...

Other than that, I can see such a release delivering a nice boost to the RAMs seigniorage
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 02/10/2012  6:37 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply
There has been some discussion on this announcement in the NCLT forum. Personally I won't believe it till I see it. I think it could be "mint error" and may instead be a 20c coin.

The proposed design of the coin is this:


Quote:
REVERSE

A central circle containing the words ‘REMEMBRANCE DAY' repeated and presented in 11 rows. The central circle also contains the words ‘LEST WE FORGET' in inverse order, repeated and presented in 11 rows. The design includes a coloured representation of a red poppy flower in the foreground, 2 representations of a poppy flower as well as the inscriptions ‘TWO DOLLARS' and ‘REMEMBRANCE'.


If they put this on a $2 coin you would need a microscope to read it.

We will have to wait and see what happens closer to November
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 02/10/2012  6:37 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
interesting that RAM would choose to squeeze a new design into its almost-smallest coin.
If you trawl the archives of CCF, there are plenty of reports, and a few pics, of counterfeit $2 coins.
I have been checking my change for about 3 years, but I've not found one, yet.
I haven't bothered buying $2 in bulk, to noodle for fakes.
Perhaps one of our Noodlers can report on $2 fakes.
I look forward to a colourized coin. I hope that the design is more interesting than RAM's recent efforts.
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enworb's Avatar
Australia
4411 Posts
 Posted 02/10/2012  7:55 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I'll believe it when I have one in my hand.
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 02/10/2012  9:00 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
I have 2 x counterfeit $2, both 2003, both from noodling.
life is a mystery to be lived not a problem to be solved
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FNQ's Avatar
Australia
507 Posts
 Posted 02/11/2012  03:18 am  Show Profile   Bookmark this reply Add FNQ to your friends list Get a Link to this Reply
Why I firmly believe this coin, as described, is coming to a pocket near you:

The approval is a legal determination issued under the Currency Act 1965
The denomination, design, weight, size and composition of the coin is explicitly made clear - there is no error in any description or mismatch between tables and the description - it is a $2 coin
Terminology used in the documents follows a set and clearly defined formula - "Uncirculated Coin" is used in reference to base metal NCLT while "Circulating Coin" is used to describe a general release for circulation - see below;

20c Coin
2011 20c Cupro Nickel (Cu/Ni) Circulating Coin - Royal Wedding
A reverse design consisting of a representation of HRH Prince William and Miss Catherine Middleton, and a representation of a rose enclosed in a circle. The design features the inscriptions ‘ HRH PRINCE WILLIAM', ‘MISS CATHERINE MIDDLETON', and ‘20'.


The only question I have is, will this coin actually circulate once released? I suspect the mintage would need to be substantial for it to remain so.
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Australia
515 Posts
 Posted 02/11/2012  03:52 am  Show Profile   Bookmark this reply Add the-purple-penny to your friends list Get a Link to this Reply
There have been coins before appear in the currency determinations which didn't eventuate. This is definately something new and interesting that I look forward to.

http://www.australian-threepence.co...-part-2.html
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goatieman23's Avatar
Australia
869 Posts
 Posted 02/12/2012  10:38 pm  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
That's disappointing but extremely exciting news nevertheless.
I figure that Canada are the only country that has done it. It amazes me that they did it back in 2004. Canada produced 28.5 million of these quarters.
For anyone that hasn't seen the design, it's below:
Circulating-2012-$2-Remembrance-Day-Coloured-Coin
To be honest I didn't know anything about coloured coins till now...& it's a big wow.
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enworb's Avatar
Australia
4411 Posts
 Posted 02/13/2012  02:21 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
The canadian coin looks ok. If they were putting something similar on a 20c, 50c or even a dollar it would make sense. I doubt this will eventuate but am very interested to see.
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goatieman23's Avatar
Australia
869 Posts
 Posted 02/13/2012  02:46 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
I hope this does eventuate. It'll brighten the world of coins to the general public in the fact that it may act like a trophy coin. When we look back at out other denominations:
1c - Never had a design change (Discontinued)
2c - Never had a design change (Discontinued)
5c - Never had a design change
10c - Never had a design change
20c - Wasn't till 1995 (29 years after release)
50c - First design alternation was 1970 (only four years after release)
$1 - First design alternation was 1984 (only two years after release)
$2 - Never had a design change
Just remember that Australia was the first country to release a holographic coin in 2004
Circulating-2012-$2-Remembrance-Day-Coloured-Coin
At the same time the RAM do make some really stupid decisions; such as the Round 50c (w/80% silver), not changing the coins when metal & minting costs were above the face value of the coin.
It'll be intruiging to see if it does happen, but could also be an extraordinary acomplishment to do it properly, because the Canadian coin really wasn't that special considering the coloured section covered a diameter of roughly 6 or 7mm on a coin the size of our dollar coin.
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