Australian-Coins Forum

Numismatic Discussion => Coin Chit Chat => Topic started by: ausproofs on June 04, 2014, 08:06:32 PM

Title: Australia spends $110 million a year replacing lost coins !
Post by: ausproofs on June 04, 2014, 08:06:32 PM
http://www.smh.com.au/federal-politics/political-news/australia-spends-110-million-a-year-replacing-lost-coins-20140604-39ixj.html

:angel::idea:
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: Goldseeker on June 04, 2014, 08:28:01 PM
Not even a mention of coin collectors at all......darn it!
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: Ozcoins on June 04, 2014, 08:54:33 PM
I think coin collecting would be frowned on if it was mentioned in that article....
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: ausjack on June 04, 2014, 09:14:44 PM
:dodgy: Nancy Nancy Nancy is all I can say, ya gotta stop taking all those 5 cent pieces mate ya sending the country broke..what a load of bunkum, they'll come up with any excuse to save their jobs won't they :laugh2:
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: ausproofs on June 04, 2014, 09:24:02 PM
Quote from: 'ausjack' pid='51262' dateline='1401882284':dodgy: Nancy Nancy Nancy is all I can say, ya gotta stop taking all those 5 cent pieces mate ya sending the country broke..what a load of bunkum, they'll come up with any excuse to save their jobs won't they :laugh2:

I agree with you AS,  $110 M is lot of coins !  I didn't know our 5 cents are made out of pure gold :yahoo:
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: ausjack on June 04, 2014, 10:12:52 PM
:laugh2: now that's pure gold :good:

so every year now that would be about the equivalent of taking the first 10 years out of circulation :blink:
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: Goldseeker on June 05, 2014, 12:58:57 PM
If one goes to the RAM and walks the stairs to the upper gallery, one will see many many 5c pieces in those stairs......
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: Coiny Chris on June 05, 2014, 08:48:28 PM
Hello,

Do they give away the uncirculated Coins ? Do they sell them at cost ? Any loss is to the people that lost them. I doubt they will give you a free Coin to replace a " Lost " one so what crap are they talking ?

Regards Chris
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: ausjack on June 05, 2014, 09:04:10 PM
it is all BS, yes it might cost 6 cents to make a 5 these days (I think this is BS) but anyway, if it cost that how much do they make out of it every time someone buys something and when you think some of the coins are 4 years older than me and still floating around in the pond then they have well and truly got there money from them so to me it's all lies and just a P poor excuse to get rid of them to make EVERYTHING more expensive and don't try to tell me it doesn't same as the GST wasn't going to put things thru the roof when we all knew it would and this seems the same to me.
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: robbiegal on June 05, 2014, 09:50:28 PM
I note that the dear CEO didn't say how much it costs to produce a mint set and then how much they profit from the said sets

or all of the other granny bait (to quote a certain big fish)
Title: RE: Australia spends $110 million a year replacing lost coins !
Post by: ausjack on June 05, 2014, 09:59:15 PM
hear hear totally agree :good: