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 Replies: 16 / Views: 2,585 |
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Rest in Peace
United States
233 Posts |
Q/ Is this coin currently spendable?
I am looking for a table of cut-off dates, based on demonetizations & devaluations, to quickly answer the question whether/not a particular coin is currently spendable (as legal tender) at its face value.
I can DIY the pre-Euro currencies pretty easily ... but there have been other events (the Mexican 100:1 devaluation of 1993 comes to mind) that I can either learn about one-by-one, or ...
Q/ Got table?
Cheers,
/s/ ikeyPikey
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Pillar of the Community
United States
2023 Posts |
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Rest in Peace
 United States
233 Posts |
Well-spotted, Alpha2814!
The only time I come across IL NIS 5 agorot coins is when I ... look up at that big jar on my bookshelf!
Cheers,
/s/ ikeyPikey
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Pillar of the Community
Poland
3201 Posts |
1990 is the cut-off year for Poland. But not all 1990 circulation coins are still valid. The aluminum ones are not, and the 50 and 100 zloty are not. The others are.
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Rest in Peace
United States
233 Posts |
Thank you, DL20K!
Q/ Why did I think this would be simple?
So the 10,000 -> 300,000 zlotych of 1990-19994 are valid at new valuations, or withdrawn, or ...
Cheers,
/s/ ikeyPikey
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Pillar of the Community
United States
3843 Posts |
In the U.S. I believe the only coin that was ever demonetized was the Trade dollar back in 1876. The Coinage Act Of 1965 made Trade dollars legal tender once again. |
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Pillar of the Community
United States
1963 Posts |
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Pillar of the Community
United States
9395 Posts |
Quote:
Joe, that is correct. So, US pre-33 gold coins weren't demonetized in 1933? |
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Pillar of the Community
United States
3843 Posts |
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Pillar of the Community
United States
6130 Posts |
All US coins except for 1933 gold, $100,000 notes, pre-Civil War notes, and unreleased patterns (aluminum cent) are legal tender. Trade dollars were temporarily stripped of that status, but specifically given legal tender status in 1965. The Swiss Franc is perhaps the only other example where most coins produced since modernization are still legal tender. I think that applies to coins made starting in the 1880s or 1870s? |
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Pillar of the Community
Canada
5246 Posts |
To my knowledge, no Canadian coins have been demonetized, and all banknotes are good except for the ones of failed banks.
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Pillar of the Community
United States
6130 Posts |
It would be a nightmare to try to get everything onto a single table. Lots of countries have a history of demonetizing just a single denomination; just to illustrate an example, the UK has demonetized several obsolete designs, including the older 50p coins, and the "large size" 5p and 10p.
To further expand on the UK, all pre-decimal coinage became obsolete on Decimal Day in 1971, but I think people were given a few years' grace period to find change in their couch cushions. Therefore, all pre-1971 UK coinage has been demonetized EXCEPT for the old crowns (still worth 25p nominally), all Maundy money going back to the 1830s, and certain bank notes going back to the 1700s.
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Pillar of the Community
Poland
3201 Posts |
Well, in my initial post I had only the regular circulation coins in mind. Quote:
So the 10,000 -> 300,000 zlotych of 1990-19994 are valid at new valuations, or withdrawn, or ... But since you mentioned those, let me rephrase my answer  Not valid - not exchangeable- all circulation coins dated 1989 or earlier, - all NCLTs dated 1994 or earlier, - aluminum 1 zl, 2 zl, 5 zl, brass 10 zl, cupronickel 20 zl 1989-1990 series, - cupronickel 50 zl, 100 zl dated 1990, - all base metal commemoratives with 10.000 zl and 20.000 zl face values. Valid- brass 1 gr, 2 gr, 5 gr, cupronickel 10 gr, 20 gr, 50 gr, 1 zl dated 1990-1994 (not all dates issued for all denominations), - bimetallic 2 zl and 5 zl dated 1994, - all circulation coins dated 1995 onwards, - all base metal commemoratives dated 1995 onwards (2 zl, 5 zl), - NCLTs dated 1995 onwards. All this may seem confusing at first. It may help putting it a different way. The changeover was on Jan. 1, 1995. The NCLTs' and base metal commemoratives' validity is in line with that (1995 onwards good, 1994 or earlier useless). However, the then new circulation coins were prepared in advance so in January 1995 we got a lot of coins with old dates on them. For these, if the reverse of a given coin looks like its 1995, 2000, 2010 etc. counterpart, it's valid (the composition has changed, so did the obverses, but the reverses so far remain the same). By the way, the cut-off date for any old zloty exchanges was Dec. 31, 2010. |
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Rest in Peace
United States
233 Posts |
Finn235: Nightmare, indeed! No wonder I was hoping someone else had done this before  Worst things have happened than a little spreadsheet-building falling to me. DL20K: Thank you, szczur l#261;dowy (*), for fleshing-out the details! Cheers, /s/ ikeyPikey (*) who has ancestral roots in Kolbuszowa & Mielec |
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Pillar of the Community
United States
6130 Posts |
Since I know Japan:
Basically everything made since 1949 (end of US-managed postwar Yen) is legal tender; most designs havent even changed much since the 1950s. All coins beneath 1 yen (1 yen = 100 sen = 1,000 rin) were demonetized in 1949, even though at the time 1 yen was worth about 1/4 of a US cent. Still fuzzy on whether the 1948 1 and 5 yen coins are legal tender.
A few fun historical demonetizations from Japan:
1897- Silver 1 yen coins demonetized and sold for scrap due to worldwide crash in silver prices. They would be reintroduced in 1901.
1896 - Deadline to exchange Tokugawa bronze 1, 4, and 100 mon coins @ 4,000 mon = 1 yen
1888 - Deadline to exchange Tokugawa gold and silver coins @ 4,000 mon = 16 shu = 4 bu = 1 ryo = 1 yen
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Pillar of the Community
Russian Federation
5174 Posts |
Belarus is easy: all coins are legal tender for their face value.
This is because until recently all coins were NCLT, and during the new redenomination in 2015 the government decided to declare the NCLT coins legal tender for their face value in new rubles (which for the precious-metal coins tended to be somewhat, but not very much, below their bullion value).
Russia is pretty easy in terms of circulating coinage (anything before 1997 is not legal tender, anything 1997 or after is), but the NCLT is complicated (anything 1998 or later is definitely legal tender, and commemorative versions of pre-1997 circulating coins with the same specifications are not, but I'm not sure of everything else).
To the best of my knowledge, no Soviet or Imperial coins are still legal tender.
To add for UK, I've heard somewhere that one series of normal circulation 3 pence coins (circa 1910s, IIRC) is still legal tender for its face value, because the Maundy coins of the time had the exact same design, and thus it would be impossible to distinguish a (slightly worn) Maundy coin from a regular one. Not sure if that's true though.
There's also some confusion as to whether the legal tender status of Maundy pieces goes back to 1830, to 1817, or even to their beginnings in the 17th century.
It is very unlikely that anyone would ever want to spend either of those for face value, obviously. (The Churchill crowns, on the other hand...)
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Replies: 16 / Views: 2,585 |
Posted 01/07/2017 3:11 pm
