Numismatics R Us

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Profile Gordon Lowe
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Message 1654086 - Posted: 18 Mar 2015, 10:56:00 UTC

The U.S. has tried for years to get people on the dollar coin, but it isn't working. The Silver Dollar was a little before my time, but people used to like those. I think they were bigger, and you could tell the difference between them and a quarter in your pocket, ;~)
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Message 1654090 - Posted: 18 Mar 2015, 11:05:30 UTC - in response to Message 1654086.  

The U.S. has tried for years to get people on the dollar coin, but it isn't working. The Silver Dollar was a little before my time, but people used to like those. I think they were bigger, and you could tell the difference between them and a quarter in your pocket, ;~)

The dollar coins problem is to basically the size. To much like a quarter. Make it a quart inch bigger and a few ounces heavier and it might be better. But it is probably to late to make it more popular.

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Message 1654105 - Posted: 18 Mar 2015, 12:49:08 UTC

I think the history of distribution and usage of the coin is fascinating. Plastic swipe cards aren't a very interesting thing to collect.
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Message 1654112 - Posted: 18 Mar 2015, 13:40:09 UTC
Last modified: 18 Mar 2015, 13:41:47 UTC

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Message 1654130 - Posted: 18 Mar 2015, 14:38:46 UTC
Last modified: 18 Mar 2015, 14:40:39 UTC

Canadians have adapted well to one dollar and two dollar coins, loonies and toonies. They are longer lasting and therefore cheaper than their paper equivalents. We had some issues with adapting vending machines, particularly when the loonie was resized shortly after its introduction. But people forget those issues pretty quickly once they are resolved.

BTW, Canadian pennies are gone. Can't say I miss them.



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Message 1654136 - Posted: 18 Mar 2015, 14:48:42 UTC

Bill, I agree with Greg Oliver, the
toonie should be called a doubloon!


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Message 1654149 - Posted: 18 Mar 2015, 15:26:04 UTC

Toonie is far more Canadian than doubloon. Although I would suggest the more correct spelling would be twoonie.

Sadly, the demise of the penny and the rise of the loonie/toonie are just reflections of inflation. I have strong memories of being ten years old, and digging in to my pocket to find enough coins to buy an airplane magazine or a cold drink. I do the same today, except I dig up toonies and loonies, instead of quarters and dimes.

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Message 1654162 - Posted: 18 Mar 2015, 16:18:00 UTC - in response to Message 1654092.  

Hard cash is going out of fashion, I would suggest that we scrap the 1p, 2p, and 5p coins and stick to the 10p, 20p, 50p, £1, £2 coins. People still prefer £5 in notes. But of course for the older generation amongst us, some still won't even trust banks, and insist on getting pensions in cash from the Post Office, and life savings under the mattress!

I think the 5p coin still has a place. The 1p and 2p coins i wouldn't miss though.
If shops stopped making everything £X.99 they wouldn't be necessary anyway.
Life on earth is the global equivalent of not storing things in the fridge.
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Message 1654239 - Posted: 18 Mar 2015, 19:32:51 UTC

You have to be careful when getting rid of the smaller coinage. Prices start going up when you can't place a fractional price on small purchases.

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Message 1654247 - Posted: 18 Mar 2015, 19:48:48 UTC - in response to Message 1654239.  
Last modified: 18 Mar 2015, 19:49:13 UTC

You have to be careful when getting rid of the smaller coinage. Prices start going up when you can't place a fractional price on small purchases.


Not my experience with the removal of the one cent coin in Canada. For every $4.99 that gets rounded up, there is a $4.91 that gets rounded down. Also, any electronic transactions, like debit card or credit card, still get calculated to the penny.

And even if I pay a few cents extra on each transaction, it gets lost in the noise. Typical month for me has maybe 10 cash transactions, everything else is by debit card.

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Message 1654250 - Posted: 18 Mar 2015, 19:52:47 UTC - in response to Message 1654247.  

What I lose in pennies, I gain
in lower tailoring bills fixing
torn pockets.


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Message 1654270 - Posted: 18 Mar 2015, 20:34:47 UTC - in response to Message 1654267.  

Er, you pay a tailor to fix your pockets??


Tailoring expenses (category 534.322.42 to CRA) includes threads, needles and thimbles.

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Message 1654316 - Posted: 18 Mar 2015, 23:21:49 UTC - in response to Message 1654267.  

Well.... it ain't rocket science....


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Message 1654328 - Posted: 19 Mar 2015, 0:02:52 UTC - in response to Message 1654086.  

The U.S. has tried for years to get people on the dollar coin, but it isn't working. The Silver Dollar was a little before my time, but people used to like those. I think they were bigger, and you could tell the difference between them and a quarter in your pocket, ;~)

The silver dollar was a good deal larger than a half dollar and contained a full ounce of sliver. For many years the only place you could get them in any quantity was Las Vegas because the slot machines used them. In the 50's when I was given some, cashing a twenty dollar bill was hard because twenty dollar bills were something like a 100 dollar bill today. Larger than most places wanted to risk getting a counterfeit bill for and they eat to much of the change in the cash register.
My dad would carry several of them because he was running a business and many times he would need that much cash to make a purchase. Note that the credit card wasn't very common in those days but running a tab with a business you commonly used was.
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Message 1654337 - Posted: 19 Mar 2015, 0:18:43 UTC

In 1967 Canadians were celebrating our country's one hundredth birthday
by thinking up what were called centennial projects. My project was to
go to the big celebration in the city of Montreal, and pay for every thing
with Canadian silver .50 cent coins. I collected over three hundred dollars
worth of them. I know, I should have kept some.....

https://www.youtube.com/watch?v=Y2EL1y8fMks


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Message 1654384 - Posted: 19 Mar 2015, 3:33:44 UTC

All I can say is you Canadians have a great sense of humor with your loonies and toonies. ;~)
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Message 1654401 - Posted: 19 Mar 2015, 4:38:48 UTC

Them Canucks do have some big coins. Got rid of pennies and look at what they have to mint now.

No, it isn't a misprint and it is real.
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Message 1654402 - Posted: 19 Mar 2015, 4:42:12 UTC - in response to Message 1654401.  

No, it isn't a misprint and it is real.




These are ok, but change is still a problem.....


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Message 1654439 - Posted: 19 Mar 2015, 6:37:01 UTC - in response to Message 1654082.  

Yippee! looks just like the old thruppeny bit! Now if only we could get back tanners, florins and half-crowns we might be getting somewhere. Euros - pah! Gimmee proper money any day not Monopoly junk :-)




New £1 coin

When I had visted my daughter who was stationed at RAF Lakenheath in 2002. I loved your coins. Here in the states I still have a wad of coins in my pocket. The total is around $3.00 or 4 dollars.
However I found that with your coins I could carry 30 pounds just in coin. Those one pound coins sure add up.
Your having the different colors and shapes made it easy to find the coin you wanted. I think the US mint could take a lesson from the Brits on that.
[/quote]

Old James
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Message 1654441 - Posted: 19 Mar 2015, 6:40:42 UTC

And have you noticed that Lizzy is winking? - She knows what happens when you drop one into your trouser pocket ;-)
Bob Smith
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