I Knew It Wasn't Worth Much, but...

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10 years 8 months ago #29140 by WillEyre
I never realised before yesterday that our NZ coins - the ten, twenty and fifty cent pieces - are made from steel!
Maybe this is something that everyone else knew about, except me.

I wasn't thinking for one moment that our money was actually valuable, but I did think it was made from some slightly exotic alloy - one that you couldn't pick up with a magnet.
(And just in case you're thinking our 'gold' one and two dollar coins are worth working for - apparently they're made from a mixture of bronze and aluminium.)

So, the message to all, is - spend it quick, before it rusts.

Ed

I liked Occam's Razor so much, I bought the company.

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10 years 8 months ago #396606 by reggit
I found this out at the Melbourne Mint, surprisingly enough! And that the medals given to athletes are: bronze, silver, and silver coated in gold (I think that is how it was explained!)

Take a break...while I take care of your home, your block, your pets, your stock! [;)] PM me...

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10 years 8 months ago #396620 by Stikkibeek
Yes I found out quite a while ago that our "new" coins were no longer worth their value/weight. Had one go through the washing machine and got stuck in the impeller and there it began to rust.
I've often wondered if I could "inadvertently" use the huge jar of 2 cent coins left over from penny poker days, as 10 cent pieces, but in fact I'd be losing money to spend them like that (not that I'm dishonest understand) but the old 2c coins at least have some copper value in them. which the new 10c ones do not have.

I plan to hold onto the jar that has all the old 2 shilling pieces in it. Those at least have a lot of silver in them. .....and as for the gold sovereigns.........................:rolleyes:.................well I want other impecunious people to be envious.

Did you know, that what you thought I said, was not what I meant :S

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10 years 8 months ago #396632 by WillEyre

Stikkibeek;391439 wrote: Yes I found out quite a while ago that our "new" coins were no longer worth their value/weight. Had one go through the washing machine and got stuck in the impeller and there it began to rust.
I've often wondered if I could "inadvertently" use the huge jar of 2 cent coins left over from penny poker days, as 10 cent pieces, but in fact I'd be losing money to spend them like that (not that I'm dishonest understand) but the old 2c coins at least have some copper value in them. which the new 10c ones do not have.

I plan to hold onto the jar that has all the old 2 shilling pieces in it. Those at least have a lot of silver in them. .....and as for the gold sovereigns.........................:rolleyes:.................well I want other impecunious people to be envious.


People who flaunt their wealth really annoy me!
Ed

I liked Occam's Razor so much, I bought the company.

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10 years 8 months ago #396633 by Toast
Wealth .....? What's a sovereign worth these days?

[SIGPIC][/SIGPIC]Toast is the best food in the world
Whisky is the best drink in the world

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10 years 8 months ago #396634 by WillEyre

Toast;391452 wrote: Wealth .....? What's a sovereign worth these days?


If she's called QE2, quite a lot.

I liked Occam's Razor so much, I bought the company.

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10 years 8 months ago #396637 by kai
years ago in Poland, I came across a guy drilling holes in the 1 złoty pieces as they were cheaper than buying washers. At the time I earnt on minimum wage around 2 million a month.

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10 years 8 months ago #396688 by Stikkibeek

kai;391456 wrote: years ago in Poland, I came across a guy drilling holes in the 1 złoty pieces as they were cheaper than buying washers. At the time I earnt on minimum wage around 2 million a month.


And then there was the girl who could buy aluminium St. Christopher medallions for 2d and use them through the 3d slot machine for 1 dozen aniseed balls! That meant every 3rd dozen was free. :p

Did you know, that what you thought I said, was not what I meant :S

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10 years 8 months ago #396710 by igor
Was that you Stikki? Sounds like a cunning plan.

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10 years 8 months ago #396774 by Stikkibeek

igor;391535 wrote: Was that you Stikki? Sounds like a cunning plan.

You might say that, but I couldn't possibly comment :p

Did you know, that what you thought I said, was not what I meant :S

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10 years 8 months ago #396805 by Hawkspur
Coins are, like dollar notes, of an agreed value, not of material value.
We have not had coins of significant material value since about 1946. :)

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10 years 8 months ago #396819 by WillEyre

Hawkspur;391638 wrote: Coins are, like dollar notes, of an agreed value, not of material value.
We have not had coins of significant material value since about 1946. :)


Of course.
But, even 'precious' metals are an traded at a market-driven 'agreed' value. Titanium is intrinsically no more 'valuable' than lead.
My point was a tongue- in-cheek one; in that steel is a relatively impermanent metal and (to my mind) not the usual thing minted into coins.

Ed

I liked Occam's Razor so much, I bought the company.

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10 years 8 months ago #396836 by terralee
:) I have one of those special $10 centennial bills from lots and lots of years ago[:I] ...mint condition[8)] ...was told to keep it as I could get rich:rolleyes: ...I think it is probably worth around $10 now:p
Cheers

Leonie & Zoo!!! :silly: :woohoo:

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10 years 8 months ago #396856 by Cinsara

Hawkspur;391638 wrote: Coins are, like dollar notes, of an agreed value, not of material value.


Yip give me a worthless piece of paper with the numbers 100 on them rather than $2 worth of gold anyday :D

>

Save the Earth... it's the only planet with chocolate!

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10 years 8 months ago #396866 by Lindeggs
No eBay APP ID and/or Cert ID defined in Kunena configurationNo eBay APP ID and/or Cert ID defined in Kunena configurationApparently Banksy (the street artist) printed a whole lot of 10 pound notes with Princess Di's face on them instead of the Queen's. He started distributing them but realised that people were using them as actual legal tender and he could be done for counterfeiting so he tried to get them all back.

Ironically they are now listed on ebay at whopping prices - way more than the 'face value.' They are known as the Di-Faced Tenners.



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Missing my lovely chooks

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