Ætheling

NOOOOOOOOOOOOOOOOOO!

Take it away, i repent...

Demonetization of coins and currency is an act of tyranny and fraud.  The US government has already done that in a few cases.  It will become the norm as the dollar sinks further in value.  The practice  of demonetizing circulating instruments of exchange is part of the buildup to hyperinflation.

 

  Mexico has been doing it for decades.

Actually i think i'd better throw this on in at this point.

In England in the 9th-12th centuries, the coinage was generally made of very high silver content (except for a bad patch in the 1100-1140 period), but generally the 'government' made a policy of demonetising coinage regularly to maintain the high standard set.

A new design would be introduced in good quality silver (think Æthelred II hand type pennies) which would circulate for about 6 or 7 years and then a new issue of say second hand type pennies would be introduced in the same standard of silver. There would be a period of grace and then the old coinage was demonetised, called in and recycled to make the new coinage. Any that were not returned only became worth their weight in silver and merchants/traders were not required to take them. Then after another say 10 years a new type of long cross coinage would arrive and the second hand type would be demonetised.

This process continued for nearly 200 years. Except for the periods of internal strife during the early 12th century the system worked.

Amazing I never heard of the calcium chloride trick and I live in a country were it seems to rains 5 days out of seven

In fact I got an hygro meter and most of the time I live between 70 and 90 % moisture because on top of all I live on the riverbank of an above ground canal that seeps water all the time into the underground

This sounds familiar.

No wonder why the house turns into a humidity box around this time of year.

Oh i know the feeling, i get b's and d's mixed up all the time. And i always miss the "n't" off of words like 'does', 'is', 'should', etc. Which makes my messages make no sense whatsoever.

Link to pics of that design (and a nice site as well)

Oh my God that is hideous. What has that Liberty been smoking? She looks like she should go into rehab. And the hair! Member of the Addams family?

I thought the Sac was bad but not after seeing that.

Collecting banknotes and collecting for history are not mutually exclusive. Collecting for aesthetics and history aren't always, either. You'd probably have a difficult time finding any obsolete coin or currency that wasn't a remnant of something historically interesting.

Hmm good point now i think on. I suppose notes from Nazi Germany are one very good example. As are US Silver Certificates, from the time when paper was backed by metal.

Well i don't think much to the whole idea of the series at all. Profit margins again for the mint = more junk.

But you will be surprised to find that to be honest i actually like that design. The wig is what did it i think. It looks kinda Royal in a way, which makes me like it. The reverse is so-so, no real feeling about that one way or the other.

Whenever they come out i want one of the Washington ones. I'm not entirely looking forward to the Jefferson one though...

Actually, it is from the Kingdom of Naples & Sicily (Two Sicilies), issued under the reign of Ferdinando IV, for use in Naples, listed as KM#96, that type was minted from 1799-1803.

Throws many people astray that does, i believe depending upon the period the coin is from one or other is often missed off. Usually Naples.

The SBA (IMO, admittedly) isn't even close to the ugliest coin in U.S. history.  But it was replaced by the 2nd ugliest dollar coin (and 3rd ugliest overall) in history!

 

Jim

Well i agree with you. I've never really considered the SBA much, but it's definately not ugly.

Ugly to me is those Matron Head cents, they do pick some real mingers to put on the obverse. Oh then there's the Fluffalo Nickels and the Jeffs, and the Sacs. I'm not overtly keen on any of the seated Liberty stuff (it ain't ugly at all, they just don't look American to me, i think Switzerland).

Oh jeeze i thought i'd seen everything until i turned to the Gold produced between 1813-1839... yeuk. Just like the Matron head copper, nasty. You wouldn't want to meet her on a dark alley, then again the light of a well lit one wouldn't do her any favours neither.

Jim you must be referring to the Morgans. (Or was it the Ikes?) I forget.

I can finally add something here. I got a Polish coin through yesterday. One commemorating John Paul II. It does bear a rather odd resemblence to a certain crown dated 1965. Although i hadn't noticed this until i'd won the giveaway. Eek.

This one was mine;

(Not particularly all that good), i sold it with a whole ton of other stuff because the verdigris concerned me, i don't like verdigris much.

Okay, I have to ask, why the 1882 H cent? And, NoHope the only place that coin would look better is at my house! 

I don't collect cents, pennies perhaps but we've never had cents.

An 1882-H was my first Victorian Penny, infact i think the only Bun head penny i ever owned was an 1882-H one.

It was my favourite of my first coins. So every one i see always takes me back to my days as a newbie.

I have a special affinity for 1882-H pennies. Adore them, just 1882-H's though.

I thought you'd got a fake there for a moment. I thought why does an 1891 have the old head.

Yeah it's MA alright. I heard they overpriced by quite a bit, that's why i thought i'd ask.

I thought i post it in this part of the forum because generally this one gets most of the attention.

I've been looking all over for one of these and finally i find one. But what do you guys think? It's a Louis XVI 1/10 Ecu and is priced up at $270, give or take a euro or two. But i don't know a huge amount about these, for example the market value...

I suppose it doesn't matter whether your money is hard cash or paper in the long run because in the words of ELO

"A fool and his money soon go separate ways..."

So it all depends on what you do with it.

Interesting.

You know i find that hard to believe. I really would have thought that the 5 pence would have been the one that got the whole unpopularity treatment. The twopence surprises me, i reckoned the penny would have not faired as well against that.

Although i have noted 2p coins are the favourites with the teenagers for throwing at people, they have more bulk about them than pennies and they are quite good to throw obviously, which might explain why they seem to look unpopular.

I am stunned that the £2 coin is trailing behind the £1 coin! But we do love our £1 coins... we'd never switch back to paper.

Not sure, but I think that was the image of Queen Victoria that was adopted to use on the first stamps (1d black in 1840) and was continued on her british stamps until 1901.  I will check on this later.

 

Regards,

 

PAB

You are correct.

WRONG!!!

 

Voltaire didn't collect banknotes, and obviously couldn't appreciate the aesthetic value of banknotes. For example. a random banknote in crisp UNC condition can lose all legal tender value in 50 years, but regains at least the value it had before simply because it is desirable.

Ah then we are collecting for different reasons i see. You collect for æsthetics and i collect for history.

I generally really don't have any what could be called "æsthetically' pleasing coins in my collection. Third Reich and Anglo-Saxon coins tend to lack those diagnostics.

Firstly because Zinc is never popular (looks nice with lustre though) but the designs aren't the type that bowl people over. As for Anglo-Saxon well that's the lack of technology to blame.

Oh and spending obsolete money is illegal here because it's demonetised. People tend to hit the roof if you slip them a similar sized old five pence for a new ten pence. They hate it.

Although they'll happily take old 50 pences because some vending machines accept them as £2 coins and there's a profit to be made out of them.

Well with regards to collectable coins the only guys that ever se what i've got are you guys on here. None of my friends and most of my family don't know about the hobby. The only family that do know is because my parents aren't as secretive as me. Some of my friends/family know some dodgy people who'd break in and rob you of everything you've got if they thought you'd got anything of value, or even if you hadn't.

Therefore i never show or give out obsolete coins, or even talk about them if i can help it with the family, i change the subject pretty quick, "yeah i got a few euros and a few US coins i found in change, anyhow...".

I don't leave tips either.

I like silver, I like gold, I like platinum, I like copper and I like palladium! I like to feel the weight in my hand and hold the history.

Another metal fan. Sorry McDoo nothing personal against notes but i, like Crystalk just like metals, shiny metals preferred no doubt.

I love gold, adore silver, shiny copper i like, platinum never really captured me quite the same way that gold/silver did. Palladium i've yet to see in person but having seen pictures of it, it just looks cool. Although i must confess i find nearly all metals intriguing in some way but there's two that just draw me in like a nail to a magnet. Those are mercury and gallium, you'd not make coins out of either since they both tend to swish around too much. That and the former will kill you. But it's sooo shiny...

Metals are truely wonderful.

Add in history and you've got one heck of a combination.

The word 'fool' comes to mind. But who's more stupid the seller or any buyers that stumble upon it... ?

See if we can't confuse the poor dear chap, lets explain survival rates to him and that his coins are even rarer as the full mintage will no longer be intact!

Right i've found those sixpences i have about 65 of them. Well there's about 75, but i'm pulling ten of the George ones out to keep for my own amusement.

I do have some silver ones but they are really, really nasty. Infact nasty doesn't come into it, do you want the silver ones free of charge?

I don't have anything else on your wish list sadly apart from the crowns but i can't find them anywhere. Unless i sent them to Labmom, but i don't recall doing such.