oz currency and the 5 cent piece dinosaurs

[A330]

Why would you get rid of the .5c coin? Has the US gotten rid of the .1c?

Given the value of the AUD it's probably a closer comparison to the CAD. They only just ditched 1c a few years ago.

There is no coin operated machine that takes them surely?

You can dump them into the self-service checkout at Coles/Woolies. They take $1 worth of 5c coins.

 

[marki]

You can dump them into the self-service checkout at Coles/Woolies. They take $1 worth of 5c coins.

Learning everyday thank you

 

[JohnK]

While we're on coins, how long can any of us go without using coins/notes at all? I find I have cash in my wallet for weeks and weeks now as everything goes on the card. Now I have an Opal card I don't spend cash on train tickets either. Once notes become coins they just go in the money box.

I use Wish cards for Woolworths and Coles Myer gift cards for Coles. Top-up the Go card at 7Eleven with Amex and maybe use the Amex at pharmac_. That's the extent of my card use. But then again I don't need to use cash either as that's the extent of my shopping for the week.

 

[whatmeworry]

About the only times I use cash is at bars and when Overseas on extended trips.

 

[mushez]

Why would you get rid of the .5c coin? Has the US gotten rid of the .1c?

New Zealand got rid of the 5 cent piece on basis that it was worth 6 cents each in scrap metal, and the cost on the mint to continue producing them at all was set to cost more than the face vales of the coins.

They were dropped at the same time the size of 10, 20 & 50 cent piece was shrunk substantially again due to the cost to produce and scrap value of the historic coinage and brought them into scale with the $1 & $2 coins which have remain unchanged since they came in to replace the notes.

Atleast the NZ $2 coin is in correct proportions of value to the $1........

 

[wandering_fred]

...
Atleast the NZ $2 coin is in correct proportions of value to the $1........

I suppose it all depends on what (and where) you want to purchase :shock:
Zero times 1 = Zero times two

Happy wandering

Fred

 

[VERITAZ]

Good video on the subject of pennies in the US, and why they are pointless.

[video=youtube;y5UT04p5f7U]https://www.youtube.com/watch?v=y5UT04p5f7U[/video]

 

[Isochronous]

It always amuses me how Americans don't get the logic of our $1 coin being larger than our $2 coin to which I respond: what about your nickels (5c) being larger than your dimes (10c)?

While we're on coins, how long can any of us go without using coins/notes at all? I find I have cash in my wallet for weeks and weeks now as everything goes on the card. Now I have an Opal card I don't spend cash on train tickets either. Once notes become coins they just go in the money box.

Given the value of the AUD it's probably a closer comparison to the CAD. They only just ditched 1c a few years ago.


You can dump them into the self-service checkout at Coles/Woolies. They take $1 worth of 5c coins.

Just made a purchase in a New World supermarket in Auckland and a young lady brought this Aussie up to date. NZ got rid of their 5c pieces a while ago (I missed it), just a matter of time before Oz follows suit? (they've had 15% GST also for a while now; I'm sure the current govt would love to mimic that one too) And they are undergoing a flag change (I like the silver fern design with red/blue option with black diagonally opposite), I can see this surfacing soon, with or without the republicanism - it is starting to look like Oz just runs a decade behind their 'ditch-ready' younger ANZUS sibling with the bright ideas. (???)

The flag change referendum will fail. All the designs proposed are hideous - the current flag is just fine.

 

[Revolio]

The flag change referendum will fail. All the designs proposed are hideous - the current flag is just fine.

everyone I've talked to in Auckland think it's past the post. The only conjecture is which design (and has it really been narrowed down to 4?)
TV3's "Seven days" gives the best insights into the way NZ really is, IMO; great show.

 

[Warks]

New Zealand got rid of the 5 cent piece on basis that it was worth 6 cents each in scrap metal, and the cost on the mint to continue producing them at all was set to cost more than the face vales of the coins.

They were dropped at the same time the size of 10, 20 & 50 cent piece was shrunk substantially again due to the cost to produce and scrap value of the historic coinage and brought them into scale with the $1 & $2 coins which have remain unchanged since they came in to replace the notes.

Atleast the NZ $2 coin is in correct proportions of value to the $1........

The shrinking of the NZ coins may explain why we don't see as many in our change here as we used to. The Poms shrank theirs back in the early 90s so we couldn't pass off our coins in their machines as well. Only the 20c (10p) and 10c (5p) matched back then anyway.

 

[Mal]

There are simple tests as to whether a currency is useful. For example, leave a coin on the ground and see how many people see it and walk past without picking it up, survey what is accepted by vending machines, find out the lowest cost items in various stores and see if they are below or matching that coin. I think the 5c in Australia would fail all of those tests.

The UK and US need to delete the 1p/2p/1c coins from their currency. IMHO, that's more important, but the 5c in Australia has a limited life.

One of the main reason irrelevant coins remain in circulation is the backlash from charities and other interest groups that predict doom and gloom when the coins are gone.

 

[Awesom Andy]

I guess it's still possible to spend/use 5c coins, but just wait till you go to Japan and use those ¥1 coins...

 

[wandering_fred]

Or go to Sri Lanka and get 1 LKR coins... Actually more useful than the 10LKR notes...
And I'm certain there are even more "interesting" smallish coin locations

Happy wandering

Fred

 

[marki]

Our 10 cent coins go-well into the trolley coin slots at Tegel airport saved me several times ( not having 1 or -2 euro denominated coins on me)