NZ went to steel coins about 5 years ago. All the machines had to be adjusted. Im pretty confident Australia will go down this route too in the next few years.
The $2 coin is worthless and the $1 coin is not worth hoarding for it's low weight vs face value compared to the 5c, 10c and 20c
I've actually started stacking the 5c-50c coins now. I have a 'change jar' aside anyway, but over the last year or so it's gotten rather full so I separated the coins and found there was over $100 in fiat silver coins there. Not bad!
I very seriously looking at my coins and thinking about cleaning them. Yes, I'm that sad. Actually, I think I'd like to get some plastic tubs for these to keep them in... thoughts?
Reckon the most compact way of storing cupronickel would be the old fashion paper rolls - still see them in use in cash registers.
My delivery today was 1 x 10oz perthmint silver bar .. i didn't think it was too small, she's just right. And from a stacker 20 x 66 50c pieces. My first.
So how is that working out? I believe the US trialled steel coins during WW2 but gave up because of them rusting. As far as I've read, apart from "H1", all commercially available stainless steels will rust....and H1 doesn't have the best properties to be used as coins... and that's aside from it's high cost!
Gratz mate! Hey, I clean 1966's at a cost of 1 coin in 20 in case you're interested? I got a few more 50s today and cleaned them up. Check the 'Today I bought' Thread for what I got... Oh, and post up your piccie there as well, that's what the thread is for!!!
Hmm, interesting. Have to say I got out my box full of junk coins and started seperating them into bags. Well, had spare time and you never know... I have some pounds and euros. Anyone know much about them? If they are getting close to their metal values. Even have a few copper uk pennies. Plus if more people hoard them it might cause an artificial shortage of the metal driving its price up. Well, maybe not...
...and for god's sake wash your hands after handling any money... it's filthy stuff That was one of the big differences in the past with coins vs paper money.... The introduction of low denomination notes in the UK was met with howls of protest from the wealthy whom thought they would contract all sorts of diseases restricted to 'the poor' from the money in circulation.
I don't think it matters which denomination you choose as they are all proportional, except for the 50c which seems under weight to value ratio, ie: 10 x 2.83 does not = 15.55g yet 4 x 2.83 = 11.32 So 20c and under should all be good if my maths works out. Avoid 50c to stack. So in true metal value for approx 25c worth of 5c pieces you can get the equivalent of the 50c in metal content ? Half price money 5c 2.83g 10c 5.66g 20c 11.31g 50c 15.55g
Thanks for posting that mate, it's actually a really good reference point. I think I'll just keep 'stacking' whatever I come across as a matter of course, but it's interesting to see where the bang for buck lies. It's no wonder that 5c is being pulled soon... http://www.smh.com.au/national/get-...it-goes-out-of-circulation-20090523-bihk.html
I think it does matter which currency is used for stackin CuNi coins. The weaker the currency the more CuNi you can get with OZ $. I remembered a story from the early 80s, that the Japanese bought stockpiles of Italian Lira coins ( this is in 80s ) when you had to have 1000s of Liras for 1 USD, and the metal value was worth more than their denomination.
Bloody travesty ! Well I guess with the advent of plastic metal fiat is pretty much finished anyway. Actually, for the final insult do you think they will ever produce a circ coin in plastic ? Masterpieces in Carbon Fibre series anyone ?
