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Cashless Sweden And Coin Collecting

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Buzz Killington's Avatar
United States
81 Posts
 Posted 08/16/2016  9:18 pm  Show Profile   Bookmark this reply Add Buzz Killington to your friends list Get a Link to this Reply
Who here didn't get started in coin collecting because of finding interesting coins in circulation? I was about 10 years old, stacking dimes, and noticed the edge of one coin was different from all of the others (it was silver). And that was the beginning of the journey I am still on. Why are there more Lincoln Cent collectors than 2 cent piece or 3 cent piece collectors? Because people know and are familiar with the beloved Lincoln Cent. It is the coin they had as kids.

Without that entry point into the hobby, the number of coin collectors will invariably drop. I don't think it will ever disappear. But it is not a coincidence that Modern Commem. issues in the 1980s sold hundred of thousands, if not millions, of coins. The Commem. sales are way, way down now, which has to mean there are less collectors.

If you think coin collecting can't follow in the steps of stamp collecting, where only the rarest of material has any value, I respectfully suggest that you think again.

But don't get me wrong, I love coin collecting!

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BadThad's Avatar
United States
19961 Posts
 Posted 08/17/2016  12:11 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Cash will always be part of America, it stands for privacy and freedom. The freedom to make and accept payments without any prying eyes.
Lincoln Cent Lover!
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UltraRant's Avatar
Norway
1358 Posts
 Posted 08/17/2016  02:32 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:
The freedom to make and accept payments without any prying eyes.


That's one of the main concerns I have with how things are going now. That all these fancy online solutions turn out to be a big leap back in time, 32 years to be precise...
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jbuck's Avatar
United States
188770 Posts
 Posted 08/17/2016  11:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Who here didn't get started in coin collecting because of finding interesting coins in circulation?
Me.

My interest started when my Dad gave me two Eisenhower dollars.

However, my interest was sustained from finding coins in circulation, so point taken.
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jbuck's Avatar
United States
188770 Posts
 Posted 08/17/2016  11:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
32 years to be precise...
Is this an Orwellian reference?
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UltraRant's Avatar
Norway
1358 Posts
 Posted 08/17/2016  4:27 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:
Is this an Orwellian reference?


Well, it's not a Weird Al one...
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jbuck's Avatar
United States
188770 Posts
 Posted 08/17/2016  5:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply


I try to not make assumptions and had to be sure.

For what it is worth, we do have a pretty decent Eurythmics song to reference.
Pillar of the Community
United States
1326 Posts
 Posted 08/17/2016  5:42 pm  Show Profile   Bookmark this reply Add otto to your friends list Get a Link to this Reply

Quote:
The Commem. sales are way, way down now


Part of the reason that these sales are way down since the 80s may have something to do with the 70s. 1980s collectors may have still been reeling from the high inflation they were just starting to come down from.
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X2an's Avatar
Sweden
1078 Posts
 Posted 08/17/2016  6:10 pm  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply
I feel like I'm entitled to respond right here right now

First of all,

Quote:
Swedish buses have not taken cash for years, it is impossible to buy a ticket on the Stockholm metro with cash


These above statements are false. Though most buses do not accept cash to buy a ticket, rural buses apparently do. Nothing I've seen first-hand, however I was surprised when I asked my brother who lives in a less urban area than I do. The Stockholm buses don't accept any payment methods; tickets have to be pre-paid.

Secondly, I really wonder whether this article has done its research well enough. As for now, it's tricky living with cash since you'll be a "second-class shopper" everywhere, but you can still get around. Litterally, since tickets and travelcard retailers (convenience stores and information centres) pretty much all accept cash.

Numismatics in general seem to be slowing down but it's still a thing with some shops still around.

Unlike Mr. UltraRant, I have been refused cash payments, however that's very rare. I've seen a handful of businesses going cashless but these are places I pretty much never go to. Not out of spite, but rather their services don't interest me. Let's hear me say that again in ten years

I too do not know why Sweden is always the centre of attention regarding cashlessness. Norway, Finland and Denmark all seem to be at about the same stage of cashlessness by now. Maybe Sweden's bigger population size is giving us more attention? It's not like it's that different.

I try to stay open for both payment methods: electronical and physical. After all, it's up to the individual. It's only when restrictions are put up when I start reacting. As a person why mainly deals with cash, I can still get by and I'm not alone, but getting lonelier...
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jbuck's Avatar
United States
188770 Posts
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X2an's Avatar
Sweden
1078 Posts
 Posted 08/17/2016  6:23 pm  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply
Oh- and almost forgot:

Plenty of (normal) people probably got chocked when they read the news a while ago: The popular Mobile pay app "Swish" might not be avalible for Iphone users (the majority of Smartphones here) since Apple apparently has thought up a new policy that apps must not be relient on other apps to work; exactly what Swish does. Apps like this will not be permitted on the App store. This is a huge backlash to the Swedish (and probably other nations') cashless society. Myself, I have a Samsung phone and I do not have Swish so this does not affect me. I'm very curious to see how this turns out.
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Bryan78's Avatar
United States
1068 Posts
 Posted 08/17/2016  8:28 pm  Show Profile   Bookmark this reply Add Bryan78 to your friends list Get a Link to this Reply

Quote:
Even for something simple as grabbing a shopping cart I will need a 10 kronor piece to unlock it.



We have grocery store chain here in Indiana and probably few other states as well called Aldi's and they require a quarter to use... I think it is a ingenious idea! They also do not accept coupons or credit cards just cash or debit and will charge you for a paper bag (however you can bring your own or just grab a box that the food comes in)...

Groceries are way way cheaper and they never have to send people out there collect carts from the lazy slobs who don't have the decency to at least put them in a buggy corral... Besides, everyone wants their quarter back...
Edited by Bryan78
08/17/2016 8:29 pm
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UltraRant's Avatar
Norway
1358 Posts
 Posted 08/18/2016  02:57 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
@ Bryan78: Aldi is originally from Germany and has been expanding worldwide rapidly. What you describe here is a regular European grocery shopping experience.

@X2AN: We must have the same taste in shops, as I never ran into such a shop in Sweden. Over here in Norway, the bus is the only place where you can buy tickets on board with cash only. I had a few bus drivers apologizing for not being able to pay with a card, even. Plus that my local local local coin supply shop only accepts cash (but I guess that has more to do with the guy being into creative accounting).

We also have the Swish app here, but it's called Vipps. And I guess we have the same issues as Sweden has with Apple. Yet another reason not to buy their overpriced and overprotected stuff.

I'm happy that you also mention Norway and Denmark. My first hand experience is that it's exactly the same (don't know much about Finland, I don't visit it that often). I don't think population size is an issue: Denmark has about as many citizens.
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X2an's Avatar
Sweden
1078 Posts
 Posted 08/18/2016  03:34 am  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply
Well, Sweden is the most populous of the four. Maybe population size is what's bringing the media's attention. Iceland is, as far as I'm aware, much more cashless than any other Nordic country. It's the only Nordic country I'm yet to visit. That being said, I have plenty of Icelandic coins waiting to be cashed in. Let's see about that.

Regarding the buses in Norway, while visiting Oslo I was surprised when I saw that every bus and tram had cash counters - something that I vaguely remember here.

Aparrently, Danish banks have cash ready, as I exchanged older Danish coins for newer ones without an issue.

These details certainly make me feel that Sweden is more cashless. After all, Denmark just abolished a law that required businesses to handle cash. Sweden never had that (as far as I'm aware).
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UltraRant's Avatar
Norway
1358 Posts
 Posted 08/18/2016  03:59 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
The bus and tram cash payment option is more of a 'service product' than anything else. You pay double the price though, compared to a ticket bought via a travel card, app or machine.

I have been to Iceland quite a few times (also on a stopover when going to the US or back). Just contact me via PM if you want any suggestions for your future trip! Cash is still everywhere in Iceland, with the exception of gas stations: you need to buy prepaid cards in order to fill up gas, when outside of Reykjavik. That mainly is a consequence of the economic crash of 2008, for what I've been told.
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