Move to do away with the 5 cent coin

Discussion in 'Numismatics' started by elninjo, Jul 14, 2014.

  1. elninjo

    elninjo New Member

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    The five cent coin with its curled up echidna may become an endangered species.

    http://news.ninemsn.com.au/national/2014/07/12/15/01/move-to-do-away-with-5c-coin
     
    elninjo, Jul 14, 2014
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  2. Andy28

    Andy28 Well-Known Member

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    Slightly off topic, but when I visited the USA there was talks of scrapping the 1c coin. At one of the Smithsonian museums there was a cool coin exhibit with old rare coins and notes, and another little exhibit which asked people to vote for whether they wanted to keep the 1c coin or not. You would vote by dropping one of the coins in a bucket. The bucket which voted to do away with the coin was barely 10% full, while the bucket that voted to keep it was over 60% full.
     
    Andy28, Jul 14, 2014
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  3. Greg Williams

    Greg Williams Well-Known Member Silver Stacker

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    So 'rounding' up or down to the nearest 10cents? That should go down well with the public. ;)
     
    Greg Williams, Jul 14, 2014
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  4. Russ4570

    Russ4570 New Member

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    It just means I get $0.04 cents of free petrol every time I fill up. Trick is to use cash.
     
    Russ4570, Jul 14, 2014
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  5. Ag bullet

    Ag bullet Well-Known Member

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    well if they want to make something sound 'cheaper' they have to say $9.90 not $9.95.
     
    Ag bullet, Jul 14, 2014
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  6. BiGs

    BiGs Active Member

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    On the next metals bull market the 5c, 10c and 20c coins will have there spot value overtake their face value. Last high they reach about 80% so the next will surely overtake.
     
    BiGs, Jul 14, 2014
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  7. SydneySilver

    SydneySilver Member

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    Perhaps they could go and take away some of the copper content in the lower denominations, like the USA did with their pennies?
     
    SydneySilver, Jul 15, 2014
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  8. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Does that mean that the 5c coin is now a "barbarous relic"?
     
    Shaddam IV, Jul 15, 2014
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  9. Old Codger

    Old Codger Active Member Silver Stacker

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    We will be doing away with the $100 note soon, overprinted with another 9 zeros.



    OC
     
    Old Codger, Jul 15, 2014
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