Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Specializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Zimbabwe Bond Coins

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 2,891Next Topic  
Pillar of the Community

United States
589 Posts
 Posted 03/18/2015  5:53 pm Show Profile   Bookmark this topic Add Groszy to your friends list Get a Link to this Message Number of Subscribers
Zimbabwe-Bond-Coins

Any thoughts? Would you consider these actual coins? Worthy of being added to a collection? I'm leaning towards "yes" on both questions, but I'd like to hear some other opinions.

A little back story: they're backed by 50 million in US treasury bonds, introduced to aid in the lack of small change in Zimbabwe. Minted by the South African Mint (the name escapes me at the moment).
Moderator
Learn More...
Sap's Avatar
Australia
16849 Posts
 Posted 03/18/2015  6:16 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Would you consider these actual coins?

To use the Australian slang expression, they are "Claytons coins" - in other words, they're the coins that you're issuing when you're not issuing coins. (for those curious as to the derivation of the slang expression, see Wikipedia)

Since they are issued by an authorized government agency for the purpose of being used as money, personally I would have to answer "yes, they are coins, rather than tokens". Though I suspect that ultimately the long-term answer to the question depends on how they are accepted by the Zimbabwean public. French Chamber of Commerce "good for" tokens issued after WWI are today accepted as "French coins", because the French people of the day happily accepted them as such.

By all accounts, the Zimbabwean people are currently highly suspicious of these "coins". Here's last month's thread on the topic, with a link to a South African news source.

Given Zimbabwe's history of strictly enforcing their own anti-coin-export laws and the amount of trouble that they've gone to to make and issue these "coins", I suspect that very, very few of them will ever make it into the hands of foreign collectors. Unless the experiment proves a dismal failure and the Zimbabwe government dumps them all onto the world market in an effort to recoup their lost cash.
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
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 03/18/2015  6:18 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Oh yes, I definitely want some of these. They're an interesting continuation of the ongoing Zimbabwe dollar story.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 03/18/2015  6:27 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
@ nalaberong:
Your wish suggests to me that the Zimbabwean Government may be tempted to sell these coins at a large premium to the collector market.
It could help to give an image that the economy of that Country may at last be showing some signs of recovery, irrespective of if that image is true or not.
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 03/18/2015  6:42 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
The Zimbabwean inflation already has its fans - those $100,000,000,000,000 notes are I think selling for more on ebay than they were ever worth originally, because every goldbug wants a piece of hyperinflationary currency to dramatically pull out while proselytizing. (Even better that they're denominated in dollars.) So if the government of Zimbabwe wanted to make some shady money fast, they could just run off some more high-denomination notes and forget about fiddly tokens.
Pillar of the Community
allranger's Avatar
United States
1391 Posts
 Posted 03/18/2015  9:25 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
I have been trying to find some of these coins for my collection also. So far no luck.
Pillar of the Community
augsburger's Avatar
Germany
1064 Posts
 Posted 03/20/2015  1:16 pm  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
http://www.ebay.es/itm/like/2518674...1&rmvSB=true

going for 10 euros! For 41 US cents. Wow.
  Previous TopicReplies: 6 / Views: 2,891Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.23 seconds to rattle this change. Forums