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 Replies: 16 / Views: 4,177 |
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Pillar of the Community
Australia
1364 Posts |
My son always keep an eye out for me for anything different going through the till at his work ... this is what turned up yesterday!  |
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Pillar of the Community
Sweden
1078 Posts |
That... is awesome  I thought these were completely extinct from circulation! |
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Bedrock of the Community
 United States
12477 Posts |
Excellent!  A little silver is always good to find for face.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Formerly nancyc
Australia
5385 Posts |
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My son always keep an eye out for me for anything different going through the till at his work Well done! You've got a good son there too! life is a mystery to be lived not a problem to be solved
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Pillar of the Community
Norway
1358 Posts |
Now that's a nice surprise! Definitely keepers!
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Pillar of the Community
Canada
5242 Posts |
Pardon my ignorance, but:
1. Are the shillings still legal tender in Australia?
2. If so, for what amount?
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Pillar of the Community
Norway
1358 Posts |
They got demonetized after the introduction of the decimal coinage, which happened in 1966 if I'm not mistaken.
They're still .500 silver, so worth about $1.5 US each in metal content.
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Valued Member
Belgium
186 Posts |
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They got demonetized after the introduction of the decimal coinage UltraRant, I beg to differ. If you check on the Royal Australian Mint's FAQ page ( https://www.ramint.gov.au/faq)You will see this: Quote:
Are the 'Holey Dollar' and 'Dump' coins and pre-decimal coins still legal tender?
The Holey Dollar and Dump are the only Australian coins which have had their 'legal tender' status removed, or been 'demonetised'.
Some coins which are no longer in circulation, such as Australia's pre-decimal coins and the 1 and 2 cent coin are still 'legal tender.'
Anyway, nice find! :) I hope you find more of these. |
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Pillar of the Community
Norway
1358 Posts |
@DominikWSP Thank you very much! Learned something new today! For my understanding (and not just mine, just check a few entries at numista, for example) they were demonetized. I have quite some pre-decimal Australian coins from junk bin finds, I might try to cash them in one day!
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Valued Member
Belgium
186 Posts |
@UltraRant No problem. I saw the Numista entries, they should be corrected. If you have a Numista account, could you change them please? I might make myself one but if someone already has one to change it, it would be great. I wouldn't cash the coins though, because, well, it's always silver.
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Pillar of the Community
Norway
1358 Posts |
I can make a try. I just checked and even smaller 3 and 6 pence were still silver til the end - quite different form what I expected. So then I keep them, as large pennies are just too big and worthless to carry with me.
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Pillar of the Community
Australia
3831 Posts |
Unreal. The oldest coin is actually 61 years old. Most likely accidentally released in circulation.
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Moderator
 Australia
16832 Posts |
Predecimal coins are not "current", but they are still "legal tender", under Section 20(4) of the 1965 Currency Act. Banks will credit your account or exchange them for their decimal equivalents; they are then obliged to return any predecimal coins deposited with them to the Mint for melting. Though one would be foolish to take such coins to the bank, sine the metal value of all predecimal coins far exceeds the face value you'd get. Those shillings are worth 10 Australian cents if you banked them, but you'd get AU$2.00 each right now just for the silver content. It won't be "still in circulation". Finding a predecimal coin in change is most likely the result of: - A coin collection getting stolen and spent; - A jar or other hoard of old coins, mixed decimal and predecimal, getting banked and the coin sorters not noticing it was a predecimal coin. Predecimal coins are the wrong weight and composition as far as vending machines are concerned, so they won't enter circulation via that route. 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
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Pillar of the Community
United States
1494 Posts |
That's an awesome find. I know the machines can tell the difference between the coins, but anybody handling them probably would notice the wight and diameter difference since they're so close. I'm betting these are the result of the coin hoard that Sap mentioned.
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Pillar of the Community
Australia
908 Posts |
Some of you are having trouble with your numbers.The oldest coin is actually 71 yeas old
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Pillar of the Community
 Australia
1364 Posts |
Quote:
The oldest coin is actually 61 years old. Quote:
Some of you are having trouble with your numbers.The oldest coin is actually 71 yeas old The '51 years' in the heading was actually referring to how long ago the change-over to decimal currency occurred. |
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Replies: 16 / Views: 4,177 |
Posted 10/25/2017 01:44 am
