With all of the talk about the 5 cent piece being taken out of circulation and vending machines etc being converted to to card only payment has anyone given any thought to the direction that coin collecting will go?Will it have any affect on prices or will we have renewed interest.Any thoughts?
Not everyone uses public transport or uses vending machines.
Most of us Buy stuff in shops and use currency , Those people that insist on using a bloody card just to buy a can of coke and a pie annoy the hell out of me.
So I recon our coins will be around for quite a while yet :ok:
Quote from: 'trout' pid='51937' dateline='1402372667'Not everyone uses public transport or uses vending machines.
Most of us Buy stuff in shops and use currency , Those people that insist on using a bloody card just to buy a can of coke and a pie annoy the hell out of me.
So I recon our coins will be around for quite a while yet :ok:
I use cash just about everywhere I can, but I'm finding it harder to do so. I have an electricity bill due, it can only be paid online, most of the things I buy can only be paid for electronically. The last few pay phones I looked at had no slot for coins, same with the last coffee vending machine I passed on the weekend,and the parking meter etc
You must have electronic tags for toll roads or pay (online) within 3 days.
Almost nobody gets their pay as cash, welfare payments are all electronic and many companies will no longer accept cash for payments.
You (and I) might want our coins around but most people are hardly noticing that cash is just about finished. Already in some parts of Europe it is illegal to pay for most things in cash and a number of banks no longer have the facilities to handle cash. I know a number of people (mostly under 30) who no longer carry cash, have no coin pouch and have nearly forgotten how to buy using cash.
As for retail shops we are not that far behind America where over 80% of shopping is done on plastic. I'm certain that once cash purchases become but a minor percent of a retailers sales they will do away with the dual option of asking "cash or charge" and only accept plastic.
I only use cash to get the coins,but most of my payment are done electronically
I know of a few people that see cash a unsanitary and dirty and don't like to hadel it
Quote from: 'nealeffendi' pid='51938' dateline='1402374270'Quote from: 'trout' pid='51937' dateline='1402372667'Not everyone uses public transport or uses vending machines.
Most of us Buy stuff in shops and use currency , Those people that insist on using a bloody card just to buy a can of coke and a pie annoy the hell out of me.
So I recon our coins will be around for quite a while yet :ok:
I use cash just about everywhere I can, but I'm finding it harder to do so. I have an electricity bill due, it can only be paid online, most of the things I buy can only be paid for electronically. The last few pay phones I looked at had no slot for coins, same with the last coffee vending machine I passed on the weekend,and the parking meter etc
You must have electronic tags for toll roads or pay (online) within 3 days.
Almost nobody gets their pay as cash, welfare payments are all electronic and many companies will no longer accept cash for payments.
You (and I) might want our coins around but most people are hardly noticing that cash is just about finished. Already in some parts of Europe it is illegal to pay for most things in cash and a number of banks no longer have the facilities to handle cash. I know a number of people (mostly under 30) who no longer carry cash, have no coin pouch and have nearly forgotten how to buy using cash.
As for retail shops we are not that far behind America where over 80% of shopping is done on plastic. I'm certain that once cash purchases become but a minor percent of a retailers sales they will do away with the dual option of asking "cash or charge" and only accept plastic.
I wonder how all of this will impact how we collect coins in the future or if it will make any difference at all.Maybe it will raise the profile of grannybait
Hello,
It may still stay around for a while. The Cost to set up electronic systems will be high, think of a small town and Parking meters. Many people don't trust electronic systems, and some don't want their whereabouts known. It means the Government can implement new Taxes, and Tradies cash in hand will slow. How about a Flea Market or Garage Sale, door to door fundraisers. For a small Charity, they can easily put Tins in Shops, most people will give loose change. Eft Pos to donate ? How much per shop ?
Remote areas with no wireless, how do you pay for Fuel if the Data / Phone lines are out ?
Regards Chris
I think that the demise of the 5c is greatly exagerated.
It will happen but not for some time.
Compare the impact that 54 years of Commonwealth
Copper and Silver issues had with Decimal introduction.
A mad flurry at first to complete date sets with a few
price spikes.
With 48 years and counting of Decimal issues the same
little flurry would occur, probably smaller as there are more
active collectors to-day than back in '66.
The NCLT's who gives a Rats. :angel:
One thing for certain the Govt. will always have the last say(& laugh).
http://www.abc.net.au/news/2014-06-10/australian-tax-office-release-new-rules-on-bitcoin-transactions/5511624
Lookout one and all, the other DODGECOIN will be next..........
no fulvio was teaching me dog coin
clothing manufacturers are already onto it ... how hard is it to get duds with a coin pocket!!! at least my king gee work shorts have one :grin: