gxseries Posted June 1, 2013 Report Share Posted June 1, 2013 Bought a couple of interesting cancelled Egyptian coins They are both magnetic. I don't know why they are cancelled - they are the most recent series and should be legal tender. Quote Link to comment Share on other sites More sharing options...
Art1.2 Posted June 1, 2013 Report Share Posted June 1, 2013 Cancelled coins - that's a concept I'm not familiar with. Very neat item to have in your collection. Quote Link to comment Share on other sites More sharing options...
Trantor_3 Posted June 1, 2013 Report Share Posted June 1, 2013 Bought a couple of interesting cancelled Egyptian coins They are both magnetic. I don't know why they are cancelled - they are the most recent series and should be legal tender. Perhaps someone just threw through the cancelling machine to create "rare" items? Cancelled coins - that's a concept I'm not familiar with. Very neat item to have in your collection. Not too uncommon, when certain coins are demonetized. Here in NL, after the euro was introduced, we cound / had to hand in our gulden coins, and we would get the corresponding amount of euro's back. Those handed in coins were all cancelled by putting them through a machine that "wafelled" them: That way, the cancelled coins could be sold as scrap metal, without the risk that they would be handed in again. Quote Link to comment Share on other sites More sharing options...
Art1.2 Posted June 1, 2013 Report Share Posted June 1, 2013 Perhaps someone just threw through the cancelling machine to create "rare" items? Not too uncommon, when certain coins are demonetized. Here in NL, after the euro was introduced, we cound / had to hand in our gulden coins, and we would get the corresponding amount of euro's back. Those handed in coins were all cancelled by putting them through a machine that "wafelled" them: That way, the cancelled coins could be sold as scrap metal, without the risk that they would be handed in again. Makes sense. Quote Link to comment Share on other sites More sharing options...
rsraghead Posted June 1, 2013 Report Share Posted June 1, 2013 It would hurt my feelings to do that to a coin Quote Link to comment Share on other sites More sharing options...
Trantor_3 Posted June 25, 2013 Report Share Posted June 25, 2013 It would hurt my feelings to do that to a coin Well, if it was an old coin, or rare coin, I'd agree with that. But, in 2002, half of Europe switched to the Euro and the old currencies were demonetized. Billions and billions of new coins were introduced all over Europe. And the many billions of old coins of the demonetized currencies sudenly were no longer more than metal disks. They "all" needed to be handed in, in exchange for euro coinage (or notes). These many many tonnes of metal presented quite some scrap metal value (Dutch coins were mostly pure nickel) and to avoind that scrap metal dealers who bought the metal would hand these coins in again they were "wafeled". Besides, these were almost all well circulated coins. Quote Link to comment Share on other sites More sharing options...
rsraghead Posted June 25, 2013 Report Share Posted June 25, 2013 Good point, I should have said, one of my coins Quote Link to comment Share on other sites More sharing options...
Art1.2 Posted June 25, 2013 Report Share Posted June 25, 2013 There are people who collect the "waffled" coins. It's quite interesting to put together a year set and difficult from what I understand. Quote Link to comment Share on other sites More sharing options...
rsraghead Posted June 25, 2013 Report Share Posted June 25, 2013 I bet Quote Link to comment Share on other sites More sharing options...
Trantor_3 Posted July 2, 2013 Report Share Posted July 2, 2013 I got mine at an "open day" of the Royal Dutch mint, a few years back. visitors could pick a few from a box full of them. Quote Link to comment Share on other sites More sharing options...
Art1.2 Posted July 3, 2013 Report Share Posted July 3, 2013 I got mine at an "open day" of the Royal Dutch mint, a few years back. visitors could pick a few from a box full of them. That's neat. Have any pics of them? Quote Link to comment Share on other sites More sharing options...
Trantor_3 Posted July 4, 2013 Report Share Posted July 4, 2013 Yeah, scroll back to post #3 in this thread...... Quote Link to comment Share on other sites More sharing options...
Art1.2 Posted July 4, 2013 Report Share Posted July 4, 2013 Perhaps someone just threw through the cancelling machine to create "rare" items? Not too uncommon, when certain coins are demonetized. Here in NL, after the euro was introduced, we cound / had to hand in our gulden coins, and we would get the corresponding amount of euro's back. Those handed in coins were all cancelled by putting them through a machine that "wafelled" them: That way, the cancelled coins could be sold as scrap metal, without the risk that they would be handed in again. Yeah, scroll back to post #3 in this thread...... Gotcha!! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.