2010 50c Coat of Arms
- Thread starter STEVE1955
- Start date
Supermarkets are a major distribution point for new coins and notes since they have their cash delivered and banked by armoured car. The RBA and RAM exchange damaged coins and notes for new ones with Chubb and Armaguard, who collect and sort vast quantities of cash, so the new stuff gets sent back out as change for the tills (coins and $5 and $10).
It quite possible that the 2010 50c coins have been sitting in the Armaguard vault for six months and they're only getting around to distributing them now. I've found my local bank is giving me brand new bags of 2009 dated $2 coins.
It quite possible that the 2010 50c coins have been sitting in the Armaguard vault for six months and they're only getting around to distributing them now. I've found my local bank is giving me brand new bags of 2009 dated $2 coins.
boneyard said:
Yes got 3 (at $4 a bag) bags of them from my local train station.
alexisio said:
got 5 sitting on my desk.
But not seeing many in change.
It is a good idea to grab some new release coins when you can.
sometimes take $50 fiat note to the bank & grab rolls of 50c to see what I can get.
Good to find 2001 federation coins & Rams head.
boneyard said:
I saw a youtube video about going through rolls of US .50 to get 40% & 90% silver coins. The video was recent and the poster claimed a 100% success rate. So I tried it. I ordered $1000 worth of .50 rolls. That's right, 2000 frickin coins. Not a single silver coin in the entire 2000.
Not even a 40% silver coin. All I ended up with was some very dirty fingers. In addition, I am now known in restaurants as the .50 man. Since waiters and waitresses will take anything in tips, my entire tip is kennedy halves. Some love it and others go "Oh my goodness." I should be out of the coins by the end of the month. Lesson learned.
P
predecimal
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I think if the Mint was trying to increase the coins in circulation, they are more likely to go for the 50 cent piece. As of today, the 5 cent piece has 3.71 cents on nickel and copper in it. the 10 cents = 7.42, 20 cents = 14.84 and the 50 cent coin contains 17.42 cents of nickel and copper.
I would think that the only coin they are making money on is the 50 cent coins, and would restrict the manufacturing of 5,10 and 20's to a minimum. These would probably be the ones to look out for.
I would think that the only coin they are making money on is the 50 cent coins, and would restrict the manufacturing of 5,10 and 20's to a minimum. These would probably be the ones to look out for.