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 Replies: 18 / Views: 1,896 |
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Valued Member
United States
194 Posts |
I have been checking out some of the Euro coins and especially the new 2006 panda coin from china.  (that one is a beauty) I have to ask.......do other countries actually use these $ coins as opposed to our paper dollars? Or are they like our sac's and ASE's, just for collectors? I have seen so many beautiful coins (of course I want them all) but am curious about them really being used. The Aussie coins are really nice. And if other countries use coin $'s, does this mean their paper money starts only at $5 increments? Inquiring minds want to know!  Thanks Margaret |
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Pillar of the Community
United States
4589 Posts |
I am pretty sure the panda forom china is like the maple Leaf, the austrailian Kookaborrow sorry if spelled wrong. and the American silver eagle they are ment for Collectors and not circulated
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Pillar of the Community
United States
4589 Posts |
but hey some one in this forum will give you a text book answer with info to back it up they appear to be rellay good and knowledgable
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Pillar of the Community
United States
867 Posts |
As far as I know, the Panda is like our ASE in that it isn't made for circulation. I have a couple of them myself and you're right, they're really something!  Rachel [:p] |
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Valued Member
Australia
281 Posts |
Australian notes start at the $5 point, years ago there use to be one and two dollar notes but they were withdrawn. I use one and two dollar coins all the time.
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Pillar of the Community
Australia
1529 Posts |
Edited by lim118
03/27/2006 7:36 pm
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Pillar Of The Community
Turkey
1205 Posts |
Margareth you mean the bullion coins. just made of some precious metal and not for circulation.
I think no country is using silver, gold for circulation any more. At least they don't mint those any more.
But keep in mind that any coin that is considered as a legal tender, can be used at the grocery store with the face value on it.
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Pillar Of The Community
3147 Posts |
One must keep in mind the precious metal value of bullion will far exceed the value displayed on the coin! A U.S. Silver Eagle with "one dollar" prominently displayed on the reverse will cost you around $12 to $13 at this time so spending them at a grocery story wouldn't be a real good idea! Bullion coins are actually made for investors and the world collecting community jumped on the bandwagon almost immediately to start collecting sets. Many of the bullion coins do have extremely high collector value at this time. Older Australian Kangaroos and Chinese Pandas are excellent examples of collector value which far exceeds the silver value at this time. Currently the U.S. silver eagles from 1986 and 1996 are bringing high premiums with many others on the move upward. There is a tremendous opportunity in world dollars and not just the silver ones!
I would also like to point out that some of the EU nations will release their silver commemoratives at face value through their banking systems and post offices. This is an exceptional buy for silver coins but I don't know how long this will continue with the rising price of raw silver.
Edited by crystalk64
03/27/2006 8:01 pm
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Pillar of the Community
United States
1327 Posts |
I agree with terry, the silver dollar you are talking about are worth far more then there face value. as far as I know and heard you can take these anywhere in the world and get them change at the world silver price. as long as you can find a place in that contry that exchanges them. I may be wrong but this is what I have heard. So as long as silver is around $11.00 a OZ it is not worth trading. I very much enjoy collecting silver Bullion dollar I currently have 35 different ones most of which is the ASE set but I do have alot form different contries, I collect the silver since I can not aford all the great gold or platuim ones. I am sure there are other that will have other anwsers to you r questian |
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Valued Member
 United States
194 Posts |
Ooops. I guess I worded that wrong, but what I was asking was do other countries use ONLY $ coins. I knew they didn't use silver bullion coins for everyday exchange. But I suppose between looking at their silver and other coins I garbled the question, . Thanks for all the answers. I wish we could get used to dollar coins here in the US. I personally like the sackie, but I am apparently a minority. maybe if they made it bigger? Thanks for the link Lim18, and do you mind telling me what your avatar is? Thats pretty nice too. Oh no, I am hooked now!!!!!!!!! Margaret |
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Bedrock of the Community
United States
14454 Posts |
The "sackie" is about like the Susan B Anthony dollar, it gets a bad wrap all the time with just about everyone. But I will collect them anyway just like I have rolls and rolls of S.B.A's that has never been opened the "sackies" are right beside them in unopened mint rolls. My grandfather would buy us 10 rolls of SBA's each birthday and Christmas when I was like 8 (when they were in circulation) and he put all of them in a safe deposit box for us. It was hard for him to tell us what he had gotten us and let us see them for the day and then the next day we didnt get to see them again until we were 21. When my sister and cousins turned 21 my grandfather bought their coins from them for the cash of face value and he kept them in the safe deposit box. He offered the same deal to me when I turned 21 but I decided to keep mine but still kept them in the safe deposit box so I wouldnt be tempted to spend them at any given time. Well when I started collecting coins he was very happy and gave me the key to the box and I am now the proud owner of 80 rolls of SBA's that has never been opened and probably never will be. I had to promise my grandfather if I ever got rid of any of them I would tell him first (he is a collector also and is actually the one that got me interested in coins at a very young age) but I as far as I know right now they will go to my kids if they are ever interested in coins at all. I also forgot to mention that I took him 40 rolls not counting the 80 that I kept here just because I knew he loved them and those will also be left to me if something was to happen to him Edited by Bryan1315
03/27/2006 9:36 pm
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Valued Member
United States
194 Posts |
LIM,
you are in sooooooo much trouble! Mob of Roos? I want one, no I want 5, 10 of them!!!!!!!!!!!! Is it hot in here? Well, I am very glad I don't set a budget for coins because if I did it would be shot to hell now. And I haven't even finished looking at all of them. Does this make me a darksider? Oh who cares!
Margaret
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Pillar of the Community
Australia
1529 Posts |
quote:
Originally posted by Margaret
Thanks for the link Lim18, and do you mind telling me what your avatar is? Thats pretty nice too. Oh no, I am hooked now!!!!!!!!!
Margaret
The coin in my avatar is the 2006 Specimen Lunar Gold Coin. It is 1/10th of an ounce of .999 Gold. |
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Pillar of the Community
United States
1327 Posts |
well next year you will be able to start using dollar coins since they are going to start the president coins, which as far as I know will be circulated. and they will be made of as the material as the Sac dollar. so in 2007 they will start making them
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Moderator
 Australia
16810 Posts |
If the gist of the question is, "Do other countries try to use both dollar coins and notes (or the local equivalent) at he same time?", then the answer is, No. Most countries that have issued coins to replace notes in recent years have simultaneously released the coin and withdrawn the note. People didn't get to choose. Britain with the £1 coin in 1983, Australia with the $1 coin in 1984 and the $2 in 1988, Canada with the $1 in 1987 and the $2 in 1996, New Zealand with the $1 and $2 simultaneously in 1990; all these countries got rid of the equivalent notes when the coins were introduced. Of course, we had the advantage of the Americans attempting it first, with the SBA dollar in 1979. We looked at that and said, "Well, let's not do it that way!". Generally, if you don't give people a choice, they can get used to just about anything. Take Australia's $2 coins. (Please, take them ). When they were first issued in 1988, people hated them. Hated, hated, hated them. The design, the size, the shape, the weight, the thickness, it was all wrong. Letters to the Editor, talkback radio, political cartoons in the papers, even the coin magazines all derided them. But we weren't given a choice; the $2 notes were withdrawn on schedule and destroyed, and no more notes were issued. People either learned to use the wretched things or made do with $5 notes and $1 coins. Now, nobody complains about them - they're just part of life, considered "normal". And the design is still exactly the same as when it was first issued (except for the removal of the designer's initials from the aboriginal fellow's armpit!). I think the Americans are just about alone in fearing the political backlash by doing this. 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
Turkey
1205 Posts |
Here we have both coin and banknote for 1 YTL, either people seem to like the coin more or the national bank is withdrawing the notes slowly, without any public announcement.
It probably is for the best to have small currency as coins, the lifetime of a note is too short under so intense circulation.
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Replies: 18 / Views: 1,896 |
Posted 03/27/2006 7:21 pm
