Hi guys ... I have a question. Have the Australian pre Decimal coins been de-monetised?
I'm asking for a member on Numista who asked me and I don't know the definitive answer.
Cheers Mike
Seem to remember reading that the only Australian coin the has been de-monetised is
the Holley Dollar & Dump.
Quote from: 'interest' pid='116503' dateline='1535377411'Seem to remember reading that the only Australian coin the has been de-monetised is
the Holley Dollar & Dump.
Yeah, what he said. :)
:yeah_that:
Thanks Guys .. So can you take pre decimal coins into a bank and swap them for equivalent decimal value coins?
Mike
Yes but that won't endear you to the staff. [Same with cashing in 1¢ and 2¢ coins -involves them in paperwork to send back to the reserve bank.]
Quote from: 'brismike' pid='116506' dateline='1535383228'Thanks Guys .. So can you take pre decimal coins into a bank and swap them for equivalent decimal value coins?
Mike
You could, but it is a silly thing to do. Pennies would swap 12 for 10 lousy cents (but are worth 90 cents just for scrap). A shilling would also swap for 10 cents but contains about $1.80 in silver (more if pre '46 as they are sterling .925 compared with .500 from 1946). Any stacker would give you close to bullion value for silver and anything collectible is worth more.
Quote from: 'brismike' pid='116506' dateline='1535383228'So can you take pre decimal coins into a bank and swap them for equivalent decimal value coins?
Yup. And I love it when people do exactly that, just before one of my visits. I've built up a lovely stash over the years, including this bag of decimal copper on the desk in front of me right now. :)
"Pennies would swap 12 for 10 lousy cents (but are worth 90 cents just for scrap)."
Not at the scrap merchant here. He wanted to give me the lowest price of 'contaminated copper", " insulated copper cable", or whatever other copper based scrap his list had when I asked what 5kg of ½d, pennies 1¢ and 2¢ would fetch. Then he said he had to make a call because he wan't sure what they were really worth (I took that as code for I am going to insult you more with an even lower offer). I still have several 2 litre ice cream tubs of them sitting at home.
I was happy though with what he paid me for 1.3 tonne of dead solar batteries on the same visit -they cost me nothing; the people were just happy for me to take them away.
We take pennies to the scrap metal
Tell them the copper content and they calculate
We usually have maccas eith us too
Haven't done it for years have had other more important matters to attend to