Australian-Coins Forum

Numismatic Discussion => Coin Chit Chat => Topic started by: Ozcoins on February 22, 2014, 04:52:58 PM

Title: Unusual numismatic find....
Post by: Ozcoins on February 22, 2014, 04:52:58 PM
I am at a kids party with 'laser tag'.
In the play area there are drums as props.
The drums were used to transport blanks to the mint!
I took a few photos, which I will try to put up later.
Title: RE: Unusual numismatic find....
Post by: Unicorn on February 22, 2014, 05:02:26 PM
Sounds great!

Give them a good shake in case there are any left :laugh2:

I remember when the $2 coin first came out (and there were $2 coin poker machines) that a batch of blanks was stolen from Canberra and the crims moved their way from Queanbeyan, through Goulburn etc milking the machines with the blanks. Pretty sure from memory that they were caught pretty quickly.
Title: RE: Unusual numismatic find....
Post by: purplepennyhunter on February 22, 2014, 06:33:37 PM
I wonder what they do with those. I'd like one for my garden or shed or make into something cool. Maybe AJ could fashion a birdbath or a fishpond out of one!!!! Can't wait to see pics.
Title: RE: Unusual numismatic find....
Post by: Fulvio on February 22, 2014, 08:00:41 PM
Quote from: 'purplepennyhunter' pid='42452' dateline='1393056217'I wonder what they do with those.

Make a spit out of one. Two spits actually, since you cut it lengthways.
Title: RE: Unusual numismatic find....
Post by: purplepennyhunter on February 22, 2014, 09:32:09 PM
Quote from: 'Fulvio' pid='42456' dateline='1393061441'
Quote from: 'purplepennyhunter' pid='42452' dateline='1393056217'I wonder what they do with those.

Make a spit out of one. Two spits actually, since you cut it lengthways.

The only trouble then is the heat will make all the paint come off and it could be any old 44 gallon drum. I'd like to keep it with it's unique authenticity.
Title: RE: Unusual numismatic find....
Post by: Ozcoins on February 22, 2014, 10:02:01 PM
Here are some pictures of 3 of the drums.
Those blanks are pretty heavy!
No wonder there is "Titan" to move the drums.
[attachment=2701]
[attachment=2702]
[attachment=2703]
Title: RE: Unusual numismatic find....
Post by: runway on February 22, 2014, 10:37:32 PM
Now that's a heavy duty drum at 32kg
Title: RE: Unusual numismatic find....
Post by: nealeffendi on February 22, 2014, 11:03:44 PM
Quote from: 'runway' pid='42466' dateline='1393070852'Now that's a heavy duty drum at 32kg
Agreed. Back in 2012 I worked in a drum recycling plant, thousands of drums went through daily and nowhere near that weight were any of the different drums that went through. Drums are usually designed to hold near a half ton of oil or other liquid so another quarter ton shouldn't be that much of a strain.
Guess they don't want the risk 125,000 coin blanks spilling out in an accident. A pain for them to pick up and a nice souvenir for any coin collector.
Title: RE: Unusual numismatic find....
Post by: purplepennyhunter on February 23, 2014, 07:58:50 AM
Cheers Ozcoins. Now I thought all the drums were colour coded for type but this red drum has double weight blanks (half the quantity). Photos from inside the Mint.
(http://www.australian-coins.net/gallery/albums/userpics/10002/ram-drum-blank.jpg)

Then once the coins are struck and they go to storage they get an inventory sticker.

(http://www.australian-coins.net/gallery/albums/userpics/10002/dollar-drum.jpg)
Title: RE: Unusual numismatic find....
Post by: Nevol on February 23, 2014, 08:57:55 AM
Quote from: 'runway' pid='42466' dateline='1393070852'Now that's a heavy duty drum at 32kg
Just a tad more than 32kg. :mocking:  Maybe 732kg.
Title: RE: Unusual numismatic find....
Post by: Unicorn on February 23, 2014, 10:52:35 AM
You're on the money there PPH (same colour different denom).

Great photos Ozcoins, thanks for sharing.

Used the weights / contents to come up with these for Oz's drums

Green  $2
Yellow  50c
Red  10c

PPH's Red Drum must have been 20c
Title: RE: Unusual numismatic find....
Post by: purplepennyhunter on February 23, 2014, 11:03:52 AM
I can't make out what this one is.

(http://www.australian-coins.net/gallery/albums/userpics/10002/ram-barrel-white-red-stripe.jpg)

And the stripes come in various colours too!

(http://www.australian-coins.net/gallery/albums/userpics/10002/ram-drums.jpg)
Title: RE: Unusual numismatic find....
Post by: Unicorn on February 23, 2014, 11:25:49 AM
Nope, I can't either PPH. I can't blow the labels up big / clear enough.

I think we know who was behind the different colours ..... :angel:

(http://www.australian-coins.net/gallery/albums/userpics/11067/inv.jpg)
Title: RE: Unusual numismatic find....
Post by: nealeffendi on February 23, 2014, 11:59:18 AM
Slightly OT
When do the blanks become legal tender?
Is it when the mint signs for delivery, when they are struck or when they are released by the mint?
If a blank goes through the mint but accidentally bypasses the press is it legal tender?
Somebody posted (this forum or CCF) about some idiots who ended up with a whole bunch (a drum?) of $2 blanks and left a trail from Queenbeyan to Golburn in coin machines, so were they charged with possession of stolen goods (metal blanks) and defrauding the vending machines by using non coins or were they charged with stealing money?
Title: RE: Unusual numismatic find....
Post by: Fulvio on February 23, 2014, 12:02:27 PM
Quote from: 'Nevol' pid='42472' dateline='1393108075'Just a tad more than 32kg. :mocking:  Maybe 732kg.

Poorly expressed... what he meant to say is the empty drum weighs 33Kg. Which is more than your average run-of-the-mill drum.
Title: RE: Unusual numismatic find....
Post by: Unicorn on February 23, 2014, 01:04:17 PM
Quote from: 'nealeffendi' pid='42476' dateline='1393118958'Somebody posted (this forum or CCF) about some idiots who ended up with a whole bunch (a drum?) of $2 blanks and left a trail from Queenbeyan to Golburn in coin machines, so were they charged with possession of stolen goods (metal blanks) and defrauding the vending machines by using non coins or were they charged with stealing money?

Can't remember what the charges were, probably all of the above plus some.
Title: RE: Unusual numismatic find....
Post by: nealeffendi on February 23, 2014, 01:21:46 PM
Quote from: 'Unicorn' pid='42490' dateline='1393122857'
Quote from: 'nealeffendi' pid='42476' dateline='1393118958'Somebody posted (this forum or CCF) about some idiots who ended up with a whole bunch (a drum?) of $2 blanks and left a trail from Queenbeyan to Golburn in coin machines, so were they charged with possession of stolen goods (metal blanks) and defrauding the vending machines by using non coins or were they charged with stealing money?

Can't remember what the charges were, probably all of the above plus some.
Hi Unicorn. It isn't possible to be guilty of both stealing money and using non money as money. It is one or the other.
The thieves were certainly guilty of stupidity, blanks sell on fleabay for more than coins as most variety/error collectors covet them.
Title: RE: Unusual numismatic find....
Post by: Mister T on February 23, 2014, 05:01:47 PM
Quote from: 'nealeffendi' pid='42476' dateline='1393118958'When do the blanks become legal tender?
Is it when the mint signs for delivery, when they are struck or when they are released by the mint?

I would have thought when it gets struck. Looking at the Currency Act it says the Treasurer determines the design(s) among other things. I assume this is in the currency determinations and I doubt there's a currency determination that says no design is a valid design.
Title: RE: Unusual numismatic find....
Post by: robbiegal on February 23, 2014, 05:15:02 PM
hum
I think that once QEII is on the blank then it's HRM legal tender

just as a non printed note would not be legal tender until it is printed

but how a person gets to have them in their possession is probably the illegal part of it
Title: RE: Unusual numismatic find....
Post by: Nevol on February 24, 2014, 08:15:40 AM
Quote from: 'Fulvio' pid='42478' dateline='1393119147'
Quote from: 'Nevol' pid='42472' dateline='1393108075'Just a tad more than 32kg. :mocking:  Maybe 732kg.
Poorly expressed... what he meant to say is the empty drum weighs 33Kg. Which is more than your average run-of-the-mill drum.
Oh, OK Ta and sorry. :angel:
Title: RE: Unusual numismatic find....
Post by: Fulvio on February 24, 2014, 09:09:42 AM
Quote from: 'nealeffendi' pid='42476' dateline='1393118958'When do the blanks become legal tender?
Is it when the mint signs for delivery, when they are struck or when they are released by the mint?

When they leave the mint and become part of the nation's money supply. Until then they're just bits of metal, whether they're blanks or fully struck coins. So all those coins lying around on the floor under the presses, and all the mis-strikes they catch, aren't actually money.
Title: RE: Unusual numismatic find....
Post by: nealeffendi on February 24, 2014, 09:45:08 AM
Quote from: 'Fulvio' pid='42574' dateline='1393195182'
Quote from: 'nealeffendi' pid='42476' dateline='1393118958'When do the blanks become legal tender?
Is it when the mint signs for delivery, when they are struck or when they are released by the mint?

When they leave the mint and become part of the nation's money supply. Until then they're just bits of metal, whether they're blanks or fully struck coins. So all those coins lying around on the floor under the presses, and all the mis-strikes they catch, aren't actually money.

Thanks fulvio.
Does that mean that the blanks that do come out of the mint (by stupidity, not by illegality) are legal tender?
Title: RE: Unusual numismatic find....
Post by: Fulvio on February 24, 2014, 01:47:46 PM
Quote from: 'nealeffendi' pid='42575' dateline='1393197308'Does that mean that the blanks that do come out of the mint (by stupidity, not by illegality) are legal tender?

Very good question.

On the basis that they've been accounted for and included in the figures, I would say yes. Of course you'd never convince anyone of that. Heck, I very nearly couldn't get a bank teller to accept a paper $50 recently! ;)
Title: RE: Unusual numismatic find....
Post by: Steveqld on February 24, 2014, 02:39:56 PM
I'd take the contrary view.  s 16 says it is legal tender " if it is made in coins that are made and issued under this Act".  Whilst a blank may have been wrongly "issued" or released by the mint it hasn't been made into a coin at that time because it doesn't fit the specifications.  It's still a blank.
Title: RE: Unusual numismatic find....
Post by: Fulvio on February 24, 2014, 02:58:41 PM
Quote from: 'Steveqld' pid='42595' dateline='1393214996'I'd take the contrary view.  s 16 says it is legal tender " if it is made in coins that are made and issued under this Act".  Whilst a blank may have been wrongly "issued" or released by the mint it hasn't been made into a coin at that time because it doesn't fit the specifications.  It's still a blank.

Yes, its still a blank. But compare that to a counterfeit coin that complies in every way other than being issued by the mint.

Coins and Banknotes are quite distinct from money, although they represent it. Money is an abstract concept, and the physical (or virtual, for that matter) forms are just mechanisms to make it easy to handle.

When you make a counterfeit, you devalue money, because the apparent supply has increased without being officially issued and recorded. Taken to extremes, this can destroy an economy and bring down nations, which is why its treated so harshly.

Conversely, by issuing a non-coin or banknote, the reverse happens. Imagine a pallet of notes which are all blank and therefore unusable, if that helps.

Yes, on the small scale, it doesn't matter. For example, I got shorted $2.40 in the sacks of 2001 CoF state coins. That means there is $2.40 missing from my pocket, and from the nation's accounts, which should be there. Nobody cares of course, but if the situation were reversed and I had $2.40 of fake coins, you can bet they'd care then, right?

It may be an esoteric argument, but extend it from blanks to improperly struck coins and it takes on a little more meaning. What if you have a coin which barely shows an impression, or is in some other way "wrong"? Yes, I know it has more value as a collectible, but the point is what effect does it have on our money, as distinct from what is the physical object worth?