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 Replies: 10 / Views: 1,364 |
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Pillar of the Community
United States
539 Posts |
South Sudan is an officially recognized country by the United Nations as of 2011. So clearly coins minted prior to that were not 'official'. But in 2015 there was a set of coins minted with South Sudan's name on them. I do not find them listed in the 2016 Krause catalog of world coins or in the Unusual Catalog either. Perhaps still too new? But that is where my questions lie. First are these coins actually official currency? Indications are yes but I would love more insight. And if so, why doesn't Krause list them? They have there own currency but perhaps these coins are not official, just their paper currency?
I apologize if this has been discussed in the past. I did a search but didn't find a recent discussion about the 2015 issues.
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Pillar of the Community
Canada
5238 Posts |
Krause is often quite late with new issues, so I would not say that their absence is proof of them not bein g official. Based on what I have seen, the 2016 catalogue would have 2014 issues at the latest.
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Pillar of the Community
Norway
1358 Posts |
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Pillar of the Community
 United States
539 Posts |
thank you. I did some more digging on wiki. Not always the most accurate but in this case looks legit. https://en.wikipedia.org/wiki/South_Sudanese_poundIf anyone has more insight including getting real versions vs. counterfeit versions, I would appreciate it |
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Pillar of the Community
United States
1911 Posts |
The people in my club believe it to be official, that's why it's a recent addition to what we collect. And the guys are pretty good about knowing coins and their status. Krause cannot always be relied on for the best information and the guys know that.
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Pillar of the Community
Australia
560 Posts |
At a value of 50 Pounds to the US$1, would the lower denominations circulate.
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Pillar of the Community
Germany
1062 Posts |
Official is what you believe to be official I would guess.
Kosovo isn't recognised by China, Russia or Spain, but is recognised by the UK, the EU and the US, is it a proper country? Is it an official country?
Depends on whether you believe so I would guess (not that they actually have their own currency).
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Pillar of the Community
United States
613 Posts |
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Pillar of the Community
United States
539 Posts |
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Pillar of the Community
Norway
1358 Posts |
This currency can be used without any doubt in the intended circulation area and it can be traded for other currencies without any hassle. So that makes it an official currency, I'd say. @Enlil: Still, the 10 piaster is not the coin with the smallest value I encountered, then. I remember getting 1 Kopiyok coins in Ukraine before heck broke loose there. They were already under 0.1 US cent in value by then. just like in Ukraine, the standard of living is significantly lower in South Sudan than it is in the USA (EDIT: United States of Australia in your case). So sure, why not use coins of such small denominations as 10 Piaster? I'm not saying it's worth a fortune, but it's probably significant enough to make a difference, still. @Augsburger: fortunately, Kosovo adopted the Euro, so that saves the trouble of having to discuss any currency over there.  Edited by UltraRant
07/18/2016 1:49 pm
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Pillar of the Community
Russian Federation
5172 Posts |
I've yet to hear about anyone considering the circulating coinage of Transnistria "unofficial", even though Transnistria is unquestionably an unrecognized country (not recognized by any UN member state).
The situation with South Sudan is even clearer, and boils down to "Krause Catalog must not have heard of them sufficiently quickly".
Note that the date 2015 on the coins does not mean they actually came out in 2015. I'm actually pretty sure the piasters were not released until this year (and of course the pounds are still yet to be released).
(Incidentally: had any country ever minted "bimetallic" coins that were actually just different platings of the same metal - like the South Sudan pounds seem to be - before? I can't think of any.)
@UltraRant: of course the Russian 1 kopek was already almost out of circulation when it was last minted in 2009 (by which point it was worth about 0.03 US cents), but even later it still came up occasionally. I never understood why other places kept getting rid of high-denomination "small change" (Czech 50 hilaru, Israeli 5 agorot); for me a US cent was too big as a smallest denomination.
Anton Krotov once (perhaps more than once) gave a lecture on, among other things, "what one could buy in Madagascar for $0.0005" (at the time, the exchange rate of 1 ariary); I sadly had not been to the lecture, so I do not know the answer.
Edited by january1may
07/18/2016 2:02 pm
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Replies: 10 / Views: 1,364 |
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Posted 07/17/2016 5:57 pm
