Australia spends $110 million a year replacing lost coins !

[ausproofs]

http://www.smh.com.au/federal-politics/political-news/australia-spends-110-million-a-year-replacing-lost-coins-20140604-39ixj.html

:angel::idea:

[Goldseeker]

Not even a mention of coin collectors at all......darn it!

[Ozcoins]

I think coin collecting would be frowned on if it was mentioned in that article....

[ausjack]

: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:

[ausproofs]

: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:

[ausjack]

: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:

[Goldseeker]

If one goes to the RAM and walks the stairs to the upper gallery, one will see many many 5c pieces in those stairs......

[Coiny Chris]

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

[ausjack]

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.

[robbiegal]

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)

[ausjack]

hear hear totally agree :good: