Proclamation/Colonial Coins . Genuine ? Values?

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Author	Replies: 4 / Views: 1,832
trout1105 Pillar of the Community Australia 7096 Posts	Posted 01/21/2017 09:41 am Proclamation coins . Genuine ? Values? I have No idea of the value of these, Any ideas? 1796 8r 1817 2r 1811 1r Edited by trout1105 01/21/2017 10:23 pm Report this Post to the Staff

Sap Moderator Australia 16826 Posts	Posted 01/21/2017 10:14 pm By the stricter definition, only the 8 reales is a "proclamation coin" as it's the one actually mentioned in the 1800 proclamation. It's also the one most likely to be seen in foreign trade; the smaller denominations were mainly produced for local use, in much lower mintages. And of course the two smaller coins date from after the 1800 proclamation was made. That being said, dealers in Australia are often all too happy to tack the word "proclamation" onto any coin from this time period, in the hope of attracting interest from non-world-coin collectors. As to authenticity, I don't see a problem with any of them myself. 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 Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 01/21/2017 10:27 pm Quote: By the stricter definition, only the 8 reales is a "proclamation coin" as it's the one actually mentioned in the 1800 proclamation. I changed the thread title I got these coins from an impeccable source So I have No doubts as to their authenticity, However I cannot remember what I paid for them :dash1: Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 01/22/2017 02:06 am I have always wondered exactly what the exchange rates were expected to be for subsidiary coins that were not offically on the proclamation. The British shilling, for example, is tariffed on the proclamation as worth 1 shilling and 1 penny in colonial money. What, then would a sixpence have been worth? 6½ pence (half a shilling)? Or seven pence (assuming an even 1 penny increase in face value across the board for silver coins)? One can only assume that differing opinions on this question would have been a headache for both local and visiting traders. 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 Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 01/22/2017 08:12 am I think that it would have been a nightmare running a shop or a pub with all the different coins from all the different parts of the World being used as currency at that time. It only really worked because every single coin being used at that time actually had an intrinsic value, Can you imagine trying to make something like that work using the coins produced today that only have very minimal intrinsic value? From my understanding the reasoning behind why the coins were overvalued by way of the Proclamation is so that the coins not only stayed in Australia they were actively imported into the country because of their added value as trade goods here. Report this Post to the Staff
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